Michiana, MI housing market
The median sale price was $1,095,000 in May 2026.
Home values, sales, trends and how Michiana compares with the towns next door — updated as new data is published.
Michiana at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 69% in 5 years
The federal house price index for the ZIP code around Michiana rose 69% over the past 5 years, faster than across Michigan (52%). Last year prices rose 6.8%.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +6.8% | +234% | +97% |
| 2024 | +13% | +213% | +88% |
| 2023 | +6.7% | +176% | +76% |
| 2022 | +19% | +159% | +64% |
| 2021 | +10% | +118% | +45% |
| 2020 | +3.7% | +98% | +30% |
| 2019 | +6.7% | +91% | +26% |
| 2018 | +9% | +79% | +20% |
| 2017 | +2.3% | +64% | +12% |
| 2016 | +0.8% | +60% | +5.3% |
| 2015 | +6.1% | +59% | 0% |
| 2014 | +4.1% | +50% | −4.7% |
| 2013 | +0.1% | +44% | −12% |
| 2012 | −2.3% | +44% | −16% |
| 2011 | −3.8% | +47% | −16% |
| 2010 | −5.5% | +53% | −12% |
| 2009 | −11% | +62% | −5% |
| 2008 | −0.1% | +82% | +3.5% |
| 2007 | +0.6% | +82% | +11% |
| 2006 | +10% | +81% | +16% |
| 2005 | +14% | +64% | +18% |
| 2004 | +12% | +44% | +14% |
| 2003 | +6.2% | +28% | +10% |
| 2002 | +11% | +20% | +8.3% |
| 2001 | +8.2% | +8.2% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 49117, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
No new homes permitted in 2025
No permits for new homes were issued in Michiana in 2025. The last year with any was 2023 (1 new home).
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 | 1 | 1 | 0 | $485,000 |
| 2022 | 2 | 2 | 0 | $800,000 |
| 2021 | 3 | 3 | 0 | $3.5 million |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 4 | 4 | 0 | $3.2 million |
| 2017 | 1 | 1 | 0 | $825,000 |
| 2016 | 1 | 1 | 0 | $500,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 3 | 3 | 0 | $651,000 |
| 2013 | 3 | 3 | 0 | $1.7 million |
| 2012 | 3 | 3 | 0 | $1.1 million |
| 2011 | 1 | 1 | 0 | $289,000 |
| 2010 | 1 | 1 | 0 | $289,000 |
| 2009 | 1 | 1 | 0 | $289,000 |
| 2008 | 2 | 2 | 0 | $545,000 |
| 2007 | 2 | 2 | 0 | $306,000 |
| 2006 | 2 | 2 | 0 | $416,000 |
| 2005 | 3 | 3 | 0 | $624,000 |
| 2004 | 3 | 3 | 0 | $624,000 |
| 2003 | 3 | 3 | 0 | $624,000 |
| 2002 | 3 | 3 | 0 | $567,000 |
| 2001 | 2 | 2 | 0 | $378,000 |
| 2000 | 4 | 4 | 0 | $787,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Michiana and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Michiana | — | +6.8%† | $1,040 | 0 | $167,500 |
| New Buffalo | $677K | +8.4% | $1,040 | 19 | $92,188 |
| Springfield | — | +9.5%† | $1,110 | — | $85,313 |
† 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 $1,040
HUD's Fair Market Rent for a two-bedroom in Michiana is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $720 · 4 bedrooms $1,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49117; Niles, 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.