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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

2019 · 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
1 District of Columbia 346.7
2 Hawaii 257.4
3 California 226.7
4 Washington 223.9
5 Florida 216.9
6 North Dakota 215.8
7 Idaho 215.2
8 Oregon 214.8
9 Montana 209.7
10 Wyoming 202.8
11 Colorado 200.6
12 Utah 200.3
13 Texas 199.2
14 Nevada 198.9
15 Arizona 198.8
16 Rhode Island 189.2
17 Virginia 187.8
18 Maryland 187.3
19 New York 184.3
20 South Dakota 182.7
21 Alaska 182.5
22 Maine 179.9
23 Massachusetts 179.3
24 Vermont 177.4
25 New Hampshire 176.0
26 New Jersey 173.1
27 Pennsylvania 172.2
28 Tennessee 171.8
29 Delaware 167.4
30 Louisiana 166.4
31 Oklahoma 163.1
32 Nebraska 161.3
33 Minnesota 161.3
34 New Mexico 159.9
35 South Carolina 159.2
36 North Carolina 155.5
37 Kansas 153.2
38 Iowa 152.5
39 Missouri 151.7
40 Kentucky 151.7
41 Arkansas 151.4
42 Georgia 150.7
43 Wisconsin 150.4
44 Alabama 144.4
45 Mississippi 141.9
46 Indiana 141.7
47 West Virginia 140.7
48 Connecticut 140.0
49 Illinois 131.8
50 Ohio 129.0
51 Michigan 125.7

Source: Federal Housing Finance Agency — House Price Index (annual), 2019

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).