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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

2022 · 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
43 Alabama 193.0
27 Alaska 223.5
7 Arizona 306.0
38 Arkansas 201.7
8 California 302.8
13 Colorado 271.8
46 Connecticut 183.8
31 Delaware 218.6
1 District of Columbia 406.7
4 Florida 326.4
34 Georgia 213.6
3 Hawaii 330.8
2 Idaho 345.2
51 Illinois 161.0
44 Indiana 190.3
45 Iowa 189.0
39 Kansas 200.6
41 Kentucky 198.3
40 Louisiana 198.5
16 Maine 255.4
24 Maryland 234.6
25 Massachusetts 232.3
50 Michigan 164.1
36 Minnesota 203.7
47 Mississippi 180.0
37 Missouri 202.0
6 Montana 307.9
35 Nebraska 210.7
11 Nevada 281.2
19 New Hampshire 245.6
26 New Jersey 227.8
33 New Mexico 214.1
23 New York 234.9
29 North Carolina 221.1
17 North Dakota 252.9
49 Ohio 170.4
32 Oklahoma 214.8
10 Oregon 288.3
28 Pennsylvania 221.7
15 Rhode Island 259.4
30 South Carolina 220.2
20 South Dakota 245.4
18 Tennessee 248.5
12 Texas 274.2
9 Utah 301.8
22 Vermont 239.5
21 Virginia 242.3
5 Washington 315.5
48 West Virginia 172.2
42 Wisconsin 195.0
14 Wyoming 264.1

Source: Federal Housing Finance Agency — House Price Index (annual), 2022

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).