Cities With The Most Expensive Homes in Metro Detroit

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.

High mortgage rates are also making monthly payments more expensive; as of Jan. 25, the 30-year fixed mortgage rate sits at 6.69%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Detroit metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 151 cities and towns.

Photo credit: Stacker

#30. Macomb, MI

– Typical home value: $378,160
– 1-year price change: +2.2%
– 5-year price change: +38.7%

Photo credit: Stacker

#29. Clarkston, MI

– Typical home value: $378,827
– 1-year price change: +3.9%
– 5-year price change: +36.0%

Photo credit: Stacker

#28. Brandon, MI

– Typical home value: $381,483
– 1-year price change: +3.8%
– 5-year price change: +36.5%

Photo credit: Stacker

#27. Brighton, MI

– Typical home value: $388,533
– 1-year price change: +4.4%
– 5-year price change: +40.5%

Photo credit: Stacker

#26. Troy, MI

– Typical home value: $398,517
– 1-year price change: +5.3%
– 5-year price change: +35.9%

Photo credit: Stacker

#25. West Bloomfield, MI

– Typical home value: $399,680
– 1-year price change: +3.2%
– 5-year price change: +34.4%

Photo credit: Stacker

#24. New Hudson, MI

– Typical home value: $406,848
– 1-year price change: +3.5%
– 5-year price change: +37.2%

Photo credit: Stacker

#23. Rochester Hills, MI

– Typical home value: $409,029
– 1-year price change: +6.0%
– 5-year price change: +39.7%

Photo credit: Stacker

#22. Washington, MI

– Typical home value: $411,575
– 1-year price change: +1.7%
– 5-year price change: +36.8%

Photo credit: Stacker

#21. Plymouth, MI

– Typical home value: $412,551
– 1-year price change: +4.0%
– 5-year price change: +29.8%

Photo credit: Stacker

#20. Grosse Pointe, MI

– Typical home value: $414,794
– 1-year price change: +3.9%
– 5-year price change: +29.7%

Photo credit: Stacker

#19. Novi, MI

– Typical home value: $419,303
– 1-year price change: +4.2%
– 5-year price change: +32.5%

Photo credit: Stacker

#18. Milford, MI

– Typical home value: $420,300
– 1-year price change: +3.6%
– 5-year price change: +35.9%

Photo credit: Stacker

#17. Rochester, MI

– Typical home value: $423,719
– 1-year price change: +4.2%
– 5-year price change: +30.6%

Photo credit: Stacker

#16. Pleasant Ridge, MI

– Typical home value: $425,345
– 1-year price change: +5.8%
– 5-year price change: +31.2%

Photo credit: Stacker

#15. South Lyon, MI

– Typical home value: $427,448
– 1-year price change: +3.6%
– 5-year price change: +34.5%

Photo credit: Stacker

#14. Grosse Pointe Park, MI

– Typical home value: $439,675
– 1-year price change: +5.0%
– 5-year price change: +31.2%

Photo credit: Stacker

#13. Grosse Pointe Farms, MI

– Typical home value: $440,502
– 1-year price change: +4.8%
– 5-year price change: +29.3%

Photo credit: Stacker

#12. Leonard, MI

– Typical home value: $442,767
– 1-year price change: +2.3%
– 5-year price change: +35.5%

Photo credit: Stacker

#11. Huntington Woods, MI

– Typical home value: $456,259
– 1-year price change: +4.9%
– 5-year price change: +26.4%

Photo credit: Stacker

#10. Beverly Hills, MI

– Typical home value: $493,927
– 1-year price change: +4.4%
– 5-year price change: +34.7%

Photo credit: Stacker

#9. Northville, MI

– Typical home value: $504,919
– 1-year price change: +3.2%
– 5-year price change: +27.8%

Photo credit: Stacker

#8. Bingham Farms, MI

– Typical home value: $533,208
– 1-year price change: +3.3%
– 5-year price change: +27.4%

Photo credit: Stacker

#7. Bloomfield Hills, MI

– Typical home value: $561,783
– 1-year price change: +4.8%
– 5-year price change: +33.2%

Photo credit: Stacker

#6. Oakland, MI

– Typical home value: $570,325
– 1-year price change: +2.9%
– 5-year price change: +33.4%

Photo credit: Stacker

#5. Birmingham, MI

– Typical home value: $597,734
– 1-year price change: +3.1%
– 5-year price change: +27.2%

Photo credit: Stacker

#4. Grosse Pointe Shores, MI

– Typical home value: $659,228
– 1-year price change: +3.1%
– 5-year price change: +28.4%

Photo credit: Stacker

#3. Franklin, MI

– Typical home value: $751,318
– 1-year price change: +3.5%
– 5-year price change: +38.8%

Photo credit: Stacker

#2. Orchard Lake, MI

– Typical home value: $858,357
– 1-year price change: +0.9%
– 5-year price change: +35.2%

Photo credit: Stacker

#1. Lake Angelus, MI

– Typical home value: $1,550,114
– 1-year price change: -0.3%
– 5-year price change: +39.9%

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