Impressive Growth Across Various Michigan Cities
Michigan’s housing market has shown impressive growth across various cities, with particular strength in areas offering scenic views, small-town charm, and suburban conveniences. The following twenty cities, marked by diverse landscapes and unique amenities, represent the most substantial home price increases in the state. Here’s a detailed look at what makes each city appealing to today’s homebuyers:
Top 10 Cities by Growth in Home Prices
Lake Angelus – Offering high-end lakeside properties, Lake Angelus leads in growth with strong demand for exclusive waterfront homes. Known for its luxurious, private setting, this area appeals to buyers prioritizing natural views and water access, contributing to consistently high appreciation.
Kewadin – Located in Michigan’s picturesque northwest, Kewadin features rural charm and scenic lake access. This area has seen a significant rise in home values due to its appeal for those seeking a tranquil lifestyle close to nature.
Novi – A thriving suburban hub near Detroit, Novi’s housing market benefits from its blend of suburban comfort and proximity to a major city. Excellent schools, parks, and shopping centers have contributed to its steady home price growth.
Beverly Hills – Known for a welcoming, close-knit community feel, Beverly Hills offers a suburban lifestyle with easy access to downtown Detroit. High demand for family-friendly neighborhoods has fueled home price increases.
Bloomfield Hills – A prestigious area marked by large estates and upscale living, Bloomfield Hills has long been an attractive location, particularly for luxury home buyers. Its reputation for privacy and high-end amenities keeps values rising.
Paw Paw – With beautiful lakes, vineyards, and a small-town feel, Paw Paw’s real estate growth is fueled by its recreational appeal and affordable property options compared to larger metro areas.
Orchard Lake – A high-value suburb with premium lakefront properties, Orchard Lake’s limited availability and desirable location close to the water have driven up property values consistently.
Birmingham – A trendy and affluent downtown area with upscale shops and restaurants, Birmingham continues to draw buyers looking for a vibrant lifestyle combined with high-end housing options.
Grand Rapids – As one of Michigan’s major economic centers, Grand Rapids combines urban amenities with a growing job market. The strong economy, cultural attractions, and recent revitalization have pushed home prices higher in the area.
Traverse City – Known for its tourism and beautiful coastal setting, Traverse City’s appeal lies in its combination of natural beauty and year-round activities, making it a popular choice for vacation homes and permanent residences alike.
Additional 10 Cities with Notable Home Price Growth
Ann Arbor – Home to the University of Michigan, Ann Arbor is a vibrant cultural hub with a strong real estate market. Its appeal lies in a blend of educational institutions, arts, and outdoor activities, consistently driving home prices upward.
East Grand Rapids – Known for its historic homes and community-oriented neighborhoods, East Grand Rapids offers proximity to Grand Rapids’ urban offerings with a family-friendly feel that keeps property values on the rise.
Holland – Holland’s strong appreciation reflects its unique Dutch-inspired architecture and shoreline access on Lake Michigan, which attract both permanent residents and vacation homeowners.
Portage – Offering excellent schools and green spaces, Portage’s affordability compared to larger metro areas, along with its amenities, make it popular among families, resulting in steady price growth.
Rockford – With a charming downtown and family-friendly community, Rockford benefits from proximity to Grand Rapids while offering a quieter lifestyle, which has increased its attractiveness for buyers.
Midland – Known for its economy tied to the Dow Chemical Company, Midland’s housing market shows consistent growth due to economic stability, excellent schools, and abundant recreational activities.
Petoskey – This lakeside city offers beautiful waterfront views and a rich history, making it a high-demand location for both summer homes and year-round residences, keeping property values strong.
Troy – As a commercial and business center near Detroit, Troy provides a mix of residential and business-friendly zoning, with quality schools and a strong job market that add to its real estate appeal.
Saugatuck – A well-known tourist destination on Lake Michigan, Saugatuck’s artistic community and scenic beauty attract seasonal visitors and full-time residents, driving up home values significantly.
Okemos – Known for top-rated schools and family-oriented neighborhoods, Okemos has been a desirable location for families seeking a suburban feel near Michigan’s capital, Lansing, contributing to consistent price growth.
Key Drivers of Michigan’s Housing Price Increases
Michigan’s top cities experiencing home price growth highlight trends across the state: buyers are seeking suburban and rural locations with access to nature, strong community ties, and high-quality lifestyle amenities. Factors like remote work and a focus on outdoor activities have intensified the desirability of smaller, scenic locales and regions with waterfront access. The high demand and limited inventory in these cities underscore how lifestyle preferences are transforming Michigan’s real estate landscape, making each city’s unique qualities a significant draw for buyers statewide.
With strong market fundamentals, these twenty cities reflect a robust outlook for Michigan's housing market, particularly in areas offering a blend of natural beauty, quality of life, and economic stability. As buyers prioritize lifestyle over proximity to urban centers, Michigan’s smaller cities and suburbs are set to remain high-growth areas in the state’s real estate market.
For more information, contact Katie Choi.