Cities with the Most Expensive Homes in Michigan

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 $367,369 in June, 0.2% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of July 17, the 30-year fixed mortgage rate sits at 6.75%.

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 Michigan using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of June 2025. The charts in this story were created automatically using Matplotlib.

Cities with most expensive homes in Michigan

#10. Grosse Pointe Shores

Stacker

– Typical home value: $750,803
– 1-year price change: +8.4%
– 5-year price change: +41.1%
– Metro area: Detroit-Warren-Dearborn, MI

#9. Northport

Stacker

– Typical home value: $792,053
– 1-year price change: +2.9%
– 5-year price change: +58.1%
– Metro area: Traverse City, MI

#8. Union Pier

Stacker

– Typical home value: $797,663
– 1-year price change: +9.1%
– 5-year price change: +64.9%
– Metro area: Niles, MI

#7. Kewadin

Stacker

– Typical home value: $828,621
– 1-year price change: +2.9%
– 5-year price change: +88.0%
– Metro area: not in a metro area

#6. Lakeside

Stacker

– Typical home value: $829,945
– 1-year price change: +3.7%
– 5-year price change: +56.7%
– Metro area: Niles, MI

#5. Lake Leelanau

Stacker

– Typical home value: $857,704
– 1-year price change: +1.5%
– 5-year price change: +58.1%
– Metro area: Traverse City, MI

#4. Franklin

Stacker

– Typical home value: $869,814
– 1-year price change: +4.8%
– 5-year price change: +42.3%
– Metro area: Detroit-Warren-Dearborn, MI

#3. Orchard Lake

Stacker

– Typical home value: $925,303
– 1-year price change: +2.4%
– 5-year price change: +40.6%
– Metro area: Detroit-Warren-Dearborn, MI

#2. Leland

Stacker

– Typical home value: $1,114,533
– 1-year price change: +1.8%
– 5-year price change: +79.4%
– Metro area: Traverse City, MI

#1. Lake Angelus

Stacker

– Typical home value: $1,717,615
– 1-year price change: +3.2%
– 5-year price change: +47.6%
– Metro area: Detroit-Warren-Dearborn, MI

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