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Housing Statistics · Region

House price index in Michigan

1975 – 2025 · 51 data points 50 of 51 · Regions of United States Updated Oct 22, 2026
Housing · Michigan

Source: Federal Housing Finance Agency — House Price Index (annual), 1975 – 2025

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Overview 6 figures People 18 figures Economy 20 figures Housing 8 figures Education 10 figures Tourism 3 figures Climate 3 figures
Latest value · 2025 196.7 +4.7% since 2024
Regions of United States · 2025 50 of 51 Place 1 is the highest value.
since 2015 +97% +4.2% a year on average
House price index, 1975 – 2025 index, 2000 = 100
+97% since 2015

Source: Federal Housing Finance Agency — House Price Index (annual), 1975 – 2025

The series at a glance Michigan · 1975 – 2025
Latest value 196.7 · 2025
First value 24.9 · 1975
Highest 196.7 · 2025
Lowest 24.9 · 1975
Average change +4.2% a year on average
Data points 51

By year

All years · 1975 – 2025

YearMichiganChange
2025 196.7 +4.7%
2024 187.8 +6.6%
2023 176.1 +7.3%
2022 164.1 +13%
2021 144.7 +12%
2020 129.7 +3.2%
2019 125.7 +5.0%
2018 119.8 +6.5%
2017 112.4 +6.7%
2016 105.3 +5.3%
2015 100.0 +4.9%
2014 95.3 +8.0%
2013 88.2 +5.6%
2012 83.6 −0.6%
2011 84.1 −4.0%
2010 87.5 −7.9%
2009 95.0 −8.1%
2008 103.5 −6.9%
2007 111.2 −4.4%
2006 116.4 −1.2%
2005 117.8 +3.3%
2004 114.0 +3.2%
2003 110.4 +2.0%
2002 108.3 +3.1%
2001 105.0 +5.0%
2000 100.0 +8.2%
1999 92.4 +6.0%
1998 87.2 +4.9%
1997 83.2 +7.9%
1996 77.1 +6.7%
1995 72.3 +8.1%
1994 66.9 +4.5%
1993 64.0 +1.8%
1992 62.8 +2.3%
1991 61.4 +3.3%
1990 59.4 +4.9%
1989 56.6 +6.8%
1988 53.0 +8.7%
1987 48.8 +8.9%
1986 44.8 +7.5%
1985 41.6 +4.2%
1984 40.0 +0.9%
1983 39.6 +5.3%
1982 37.6 −13%
1981 43.0 +3.8%
1980 41.4 +6.2%
1979 39.0 +19%
1978 32.8 +16%
1977 28.2 +9.5%
1976 25.8 +3.3%
1975 24.9

Source: Federal Housing Finance Agency — House Price Index (annual), 1975 – 2025

Ranking · Regions of United States

2021 · Place 1 is the highest value.

Year: 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Highest first Lowest first A–Z
#TerritoryHouse price index
51 Illinois 143.6
50 Michigan 144.7
49 Ohio 149.8
48 West Virginia 155.6
47 Mississippi 157.7
46 Connecticut 161.6
45 Indiana 165.3
44 Alabama 166.5
43 Iowa 167.7
42 Wisconsin 170.0
41 Arkansas 173.1
40 Kentucky 173.5
39 Missouri 175.3
38 Kansas 176.2
37 Georgia 177.3
36 Louisiana 180.0
35 Minnesota 181.7
34 North Carolina 182.8
33 Nebraska 184.0
32 South Carolina 184.2
31 Oklahoma 186.6
30 New Mexico 186.6
29 Delaware 191.7
28 Pennsylvania 196.3
27 New Jersey 198.1
26 Alaska 199.2
25 Tennessee 204.9
24 Massachusetts 205.2
23 Vermont 206.3
22 New York 208.4
21 South Dakota 209.4
20 Maryland 210.4
19 New Hampshire 211.3
18 Virginia 212.6
17 Maine 216.2
16 Rhode Island 224.0
15 North Dakota 229.0
14 Wyoming 230.5
13 Texas 231.6
12 Colorado 233.5
11 Nevada 237.6
10 Utah 251.2
9 Arizona 252.3
8 Oregon 252.7
7 Montana 255.0
6 California 261.3
5 Florida 263.4
4 Washington 269.8
3 Hawaii 278.2
2 Idaho 287.9
1 District of Columbia 378.3

Source: Federal Housing Finance Agency — House Price Index (annual), 2021

What it means

How home prices have changed over time.

How it is calculated

Index of the prices of homes sold, with a base year equal to 100 (shown in the note).