Home, MI housing market
Home prices around Home have risen about 64% over the past 5 years.
Home values, sales, trends and how Home compares with the towns next door — updated as new data is published.
Home prices up 64% in 5 years
The federal house price index for the ZIP codes around Home rose 64% over the past 5 years, faster than across Michigan (52%). Last year prices rose 10%.
Show as a table
| Year | Change that year | Since 2001 | Michigan since 2001 |
|---|---|---|---|
| 2025 | +10% | +145% | +87% |
| 2024 | +4.4% | +122% | +79% |
| 2023 | +17% | +113% | +68% |
| 2022 | +2.4% | +82% | +56% |
| 2021 | +19% | +78% | +38% |
| 2020 | −2.1% | +49% | +24% |
| 2019 | +5.8% | +52% | +20% |
| 2018 | +15% | +44% | +14% |
| 2017 | +20% | +25% | +7.1% |
| 2016 | −4.6% | +4.2% | +0.3% |
| 2015 | +2.5% | +9.2% | −4.8% |
| 2014 | +5.8% | +6.5% | −9.3% |
| 2013 | −4.8% | +0.7% | −16% |
| 2012 | +4.9% | +5.7% | −20% |
| 2011 | −3.3% | +0.8% | −20% |
| 2010 | −3.6% | +4.2% | −17% |
| 2009 | −9% | +8.2% | −9.5% |
| 2008 | +0.5% | +19% | −1.5% |
| 2007 | −6.8% | +18% | +5.9% |
| 2006 | +5.3% | +27% | +11% |
| 2005 | +2.8% | +21% | +12% |
| 2004 | +2.8% | +17% | +8.5% |
| 2003 | +4.8% | +14% | +5.1% |
| 2002 | +8.8% | +8.8% | +3.1% |
| 2001 | — | — | — |
How Home ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 49309, 49677, 49338, covering 86% of Home’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Home and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Home | — | +10.4%† | $990 | — | $46,875 |
| Barton | $167K | +11.9% | $1,080 | 5 | $54,375 |
| Lilley | — | +8.8%† | $970 | 7 | $41,806 |
| Monroe | — | −3.6%† | $990 | — | $42,500 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Home is $990 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $710 · 4 bedrooms $1,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49309, 49338, 49677; Lake County, MI), 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. Income, ownership, taxes and rent: U.S. Census Bureau, American Community 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.