Dundee, MI housing market
Homes typically sell in 29 days, below asking.
Home values, sales, trends and how Dundee compares with the towns next door — updated as new data is published.
Dundee at a glance
A seller's market
Supply is tight — about 3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 51% in 5 years
The federal house price index for the ZIP code around Dundee rose 51% over the past 5 years, about the same as across Michigan. Last year prices rose 11%. Carrying the Census median home value forward with that index puts the typical Dundee home at roughly $420,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +11% | +96% | +97% |
| 2024 | +9.8% | +76% | +88% |
| 2023 | −3% | +61% | +76% |
| 2022 | +14% | +66% | +64% |
| 2021 | +12% | +45% | +45% |
| 2020 | +0.9% | +30% | +30% |
| 2019 | +6.9% | +29% | +26% |
| 2018 | +8.1% | +20% | +20% |
| 2017 | +6% | +11% | +12% |
| 2016 | +8.3% | +4.9% | +5.3% |
| 2015 | +3.7% | −3.1% | 0% |
| 2014 | +8.6% | −6.5% | −4.7% |
| 2013 | +6.4% | −14% | −12% |
| 2012 | −1.2% | −19% | −16% |
| 2011 | −6.1% | −18% | −16% |
| 2010 | −3.4% | −13% | −12% |
| 2009 | −13% | −9.7% | −5% |
| 2008 | −7.7% | +3.9% | +3.5% |
| 2007 | −10% | +13% | +11% |
| 2006 | −0.3% | +26% | +16% |
| 2005 | +7.8% | +26% | +18% |
| 2004 | +4.7% | +17% | +14% |
| 2003 | +0.5% | +12% | +10% |
| 2002 | +4.1% | +11% | +8.3% |
| 2001 | +6.7% | +6.7% | +5% |
| 2000 | — | — | — |
How Dundee ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 48131, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
10 new homes permitted in 2025
Builders were permitted 10 new homes in Dundee in 2025, all single-family houses, worth about $2.8 million to build. That's 1.7 per 1,000 residents, slower than across Michigan (2.3). Over the past 10 years, Dundee has permitted 647 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Dundee gained 1,366 residents while 463 new homes were permitted: about 3 new residents per new home. Building and growth moved roughly in step. Across Michigan: 1.2 new residents per new home.
How Dundee ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 8 | 8 | 0 | $1.6 million |
| 2025 | 10 | 10 | 0 | $2.8 million |
| 2024 | 6 | 6 | 0 | $250,000 |
| 2023 | 45 | 5 | 40 | $3.6 million |
| 2022 | 67 | 8 | 59 | $5.3 million |
| 2021 | 36 | 0 | 36 | $3.3 million |
| 2020 | 117 | 33 | 84 | $8.1 million |
| 2019 | 50 | 34 | 16 | $6 million |
| 2018 | 106 | 29 | 77 | $10.1 million |
| 2017 | 37 | 37 | 0 | $4 million |
| 2016 | 173 | 37 | 136 | $9.3 million |
| 2015 | 30 | 30 | 0 | $4.1 million |
| 2014 | 30 | 30 | 0 | $4.3 million |
| 2013 | 17 | 17 | 0 | $2 million |
| 2012 | 8 | 8 | 0 | $1.3 million |
| 2011 | 7 | 7 | 0 | $1.1 million |
| 2010 | 5 | 5 | 0 | $680,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 4 | 4 | 0 | $707,000 |
| 2007 | 20 | 20 | 0 | $3.5 million |
| 2006 | 64 | 53 | 11 | $10.8 million |
| 2005 | 76 | 76 | 0 | $9.5 million |
| 2004 | 79 | 79 | 0 | $9.8 million |
| 2003 | 93 | 58 | 35 | $7.9 million |
| 2002 | 42 | 42 | 0 | $3.7 million |
| 2001 | 9 | 9 | 0 | $1.2 million |
| 2000 | 9 | 9 | 0 | $1.1 million |
How Dundee ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Dundee and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Dundee | +11.4%† | $1,480 | 10 | $78,837 |
| Milan | +4%† | $1,480 | 2 | $95,750 |
† FHFA price index change, where Zillow has no home value for the town.
3.3 years of income
The typical Dundee home costs about 3.3 years of the town's median household income, less than across Michigan (3.7 years).
How Dundee ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,480
HUD's Fair Market Rent for a two-bedroom in Dundee is $1,480 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Dundee pay a median of $1,242, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $1,020 · 4 bedrooms $2,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48131; Monroe, MI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.