- Lansing-East Lansing had the largest increase in house prices in Michigan in the first half of 2025, with median values rising by 31%.
- Flint and Traverse City tie for second place with a 23% increase in median home prices since January.
- In contrast, Grand Rapids-Wyoming-Kentwood had the smallest change in the period, with house prices rising by 14%.
A new study has identified Lansing-East Lansing as the metro with the highest house price increase in Michigan in the first half of 2025.
The study, conducted by real estate company Portland Real Estate, analyzed house price data across all 50 U.S. states to determine which metros experienced the most substantial property value changes between January and June 2025.
Michigan’s metro areas ranked by home price increase since January, from the highest to the lowest
|
Rank |
Metro |
Median price in January |
Median price in June |
Percentage change |
|
1 |
Lansing-East Lansing |
$214,950 |
$282,450 |
31% |
|
=2 |
Flint |
$157,198 |
$193,725 |
23% |
|
=2 |
Traverse City |
$448,750 |
$549,975 |
23% |
|
3 |
Detroit-Warren-Dearborn |
$239,950 |
$279,950 |
17% |
|
4 |
Ann Arbor |
$459,495 |
$533,500 |
16% |
|
5 |
Grand Rapids-Wyoming-Kentwood |
$374,500 |
$423,950 |
14% |
Lansing-East Lansing leads in house price growth in Michigan, with values jumping from $214,950 to $282,450 — a 31% increase in just six months.
Flint and Traverse City tie for second place, with home prices increasing by 23% in both areas. In Flint, prices increased from $157,198 to $193,725, while in Traverse City, they rose from $448,750 to $549,975.
Detroit-Warren-Dearborn ranks third with a 17% increase. House prices in the area went from $239,950 to $279,950, reflecting ongoing competition among buyers.
Ann Arbor places fourth, with prices climbing from $459,495 to $533,500 – a 16% rise. Grand Rapids-Wyoming-Kentwood completes the top five with a 14% increase, as prices rose from $374,500 to $423,950.
Top five states with the highest house price increase
|
Rank |
State |
Median price in January |
Median price in June |
Price increase |
Percentage above or below the national average |
|
1 |
Michigan |
$259,945 |
$317,000 |
22% |
-31% |
|
2 |
Ohio |
$249,950 |
$295,000 |
18% |
-35% |
|
3 |
Rhode Island |
$511,225 |
$599,000 |
17% |
31% |
|
=4 |
Connecticut |
$483,700 |
$561,725 |
16% |
23% |
|
=4 |
Virginia |
$410,000 |
$473,914 |
16% |
4% |
|
5 |
Maine |
$429,725 |
$492,500 |
15% |
8% |
On a state level, Michigan leads the nation in home price growth, with property values surging by 22% since January – the fastest rise of any state. Median prices jumped from $259,945 to $317,000, far outpacing the national trend but still sitting 31% below the average U.S. house price of $457,183.
In second place, Ohio home prices rose by 18% over the same period, from $249,950 to $295,000. The increase is 10 percentage points above the national average (8%), although values remain 35% below the national benchmark.
Rhode Island takes third place with a 17% increase, pushing median prices from $511,225 to $599,000 – 31% above the U.S. average.
Connecticut and Virginia are tied for fourth, both recording a 16%