Stacker names Ann Arbor on list of Michigan cities with fastest growing home prices

ANN ARBOR – Tree City and one metropolis in its surrounding space are amongst 50 cities in Michigan with the fastest-growing house costs.

Stacker not too long ago launched an inventory of cities which have seen housing costs skyrocket previously yr in line with knowledge collected from Zillow.

Cities have been ranked by the greenback change quantity famous in Zillow’s Dwelling Values Index between September 2021 and September 2022.

Stacker checked out house values from 790 cities and cities throughout the Mitten state and located that properties within the high metropolis, Harbert, elevated by $207,294 during the last yr.

Houses in Ann Arbor have been discovered to have a typical worth of $482,100. Inside one yr, house values grew by 10.5 percent–around $45,836–and by 34.1 percent–around $122,592–in 5 years.

Tree City was solely No. 44 out of the highest 50 cities, however Dexter, about 10 miles northeast of Ann Arbor, ranked at No. 41.

Dwelling costs elevated by 11.8 p.c in a single yr and by 37 p.c in 5 years–around $48,103 and $122,866 respectively. The standard house worth in Dexter is $455,354, per Stacker.

Lots of the high 50 cities with the fastest-growing house values are close to the metro areas of Grand Rapids-Kentwood, Traverse Metropolis, Detroit-Warren-Dearborn, Niles, Holland, Adrian, and Ann Arbor.

Check out the complete record of cities right here.