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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

2023 · 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 173.0
50 Michigan 176.1
49 West Virginia 183.0
48 Ohio 184.5
47 Mississippi 190.4
46 Louisiana 201.6
45 Iowa 202.4
44 Connecticut 203.0
43 Indiana 205.6
42 Alabama 206.7
41 Minnesota 212.5
40 Kentucky 213.9
39 Kansas 215.5
38 Wisconsin 215.6
37 Missouri 217.8
36 Arkansas 219.1
35 Nebraska 228.0
34 Oklahoma 230.3
33 New Mexico 231.0
32 Georgia 231.2
31 Delaware 236.4
30 Pennsylvania 238.1
29 Alaska 238.7
28 North Carolina 240.6
27 South Carolina 241.7
26 Maryland 248.0
25 Massachusetts 250.2
24 New Jersey 252.1
23 New York 254.4
22 Virginia 261.2
21 South Dakota 263.5
20 North Dakota 266.0
19 Tennessee 267.0
18 Vermont 271.1
17 New Hampshire 271.3
16 Colorado 277.3
15 Wyoming 279.1
14 Nevada 282.0
13 Rhode Island 284.6
12 Maine 285.0
11 Texas 286.2
10 Oregon 290.5
9 Utah 303.7
8 California 308.2
7 Arizona 312.5
6 Washington 319.4
5 Montana 329.2
4 Idaho 344.4
3 Hawaii 353.3
2 Florida 354.0
1 District of Columbia 395.2

Source: Federal Housing Finance Agency — House Price Index (annual), 2023

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).