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

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).