Medina, MI housing market
Home prices around Medina have risen about 43% over the past 5 years. No new homes were permitted in 2025.
Home values, sales, trends and how Medina compares with the towns next door — updated as new data is published.
Home prices up 43% in 5 years
The federal house price index for the ZIP codes around Medina rose 43% over the past 5 years, slower than across Michigan (52%). Last year prices fell 3%. Carrying the Census median home value forward with that index puts the typical Medina home at roughly $283,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | −3% | +66% | +97% |
| 2024 | +11% | +71% | +88% |
| 2023 | +3.3% | +54% | +76% |
| 2022 | +20% | +49% | +64% |
| 2021 | +7.1% | +25% | +45% |
| 2020 | +11% | +16% | +30% |
| 2019 | +8.2% | +5% | +26% |
| 2018 | +5.6% | −2.9% | +20% |
| 2017 | +5.3% | −8.1% | +12% |
| 2016 | +2.8% | −13% | +5.3% |
| 2015 | +3.2% | −15% | 0% |
| 2014 | +15% | −18% | −4.7% |
| 2013 | −4.8% | −28% | −12% |
| 2012 | −2.2% | −25% | −16% |
| 2011 | −4.1% | −23% | −16% |
| 2010 | −8.6% | −20% | −12% |
| 2009 | −8.7% | −12% | −5% |
| 2008 | −10% | −3.8% | +3.5% |
| 2007 | −2.6% | +7.2% | +11% |
| 2006 | −2.1% | +10% | +16% |
| 2005 | +4.8% | +12% | +18% |
| 2004 | +3.9% | +7.3% | +14% |
| 2003 | −0.1% | +3.3% | +10% |
| 2002 | +2.1% | +3.4% | +8.3% |
| 2001 | +1.2% | +1.2% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 49256, 49247, 49288, 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.
No new homes permitted in 2025
No permits for new homes were issued in Medina in 2025. The last year with any was 2019 (2 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Medina gained 25 residents while 24 new homes were permitted: about 1 new resident per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Michigan: 1.2 new residents per new home.
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) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 2 | 2 | 0 | $717,000 |
| 2018 | 3 | 3 | 0 | $498,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 6 | 6 | 0 | $975,000 |
| 2015 | 1 | 1 | 0 | $150,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 3 | 3 | 0 | $347,000 |
| 2012 | 3 | 3 | 0 | $347,000 |
| 2011 | 3 | 3 | 0 | $347,000 |
| 2010 | 3 | 3 | 0 | $347,000 |
| 2009 | 3 | 3 | 0 | $347,000 |
| 2008 | 3 | 3 | 0 | $347,000 |
| 2007 | 4 | 4 | 0 | $462,000 |
| 2006 | 5 | 5 | 0 | $578,000 |
| 2005 | 6 | 6 | 0 | $693,000 |
| 2004 | 6 | 6 | 0 | $693,000 |
| 2003 | 8 | 8 | 0 | $924,000 |
| 2002 | 9 | 9 | 0 | $1 million |
| 2001 | 10 | 10 | 0 | $1.2 million |
| 2000 | 10 | 10 | 0 | $1.2 million |
Medina's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Medina and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Medina | — | −3%† | $1,070 | 0 | $72,266 |
| Seneca | — | −9.1%† | $1,040 | 1 | $63,365 |
| Morenci | $182K | +9.5% | $1,020 | 0 | $59,643 |
| Hudson | $203K | +5% | $1,120 | 0 | $54,471 |
| Gorham | — | −0.6%† | $970 | — | $53,393 |
† FHFA price index change, where Zillow has no home value for the town.
2.3 years of income
The typical Medina home costs about 2.3 years of the town's median household income, less than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Medina is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Medina pay a median of $1,102. A two-bedroom takes about 18% of the town's median household income.
Studio $740 · 4 bedrooms $1,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49247, 49256, 49288; Lenawee 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. 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.