Niles, MI housing market
The typical Niles home is worth about $216,000, up 7.1% in a year, 19% below the Michigan typical home.
Home values, sales, trends and how Niles compares with the towns next door — updated as new data is published.
Niles at a glance
Typical home value, 2016–2026
Show as a table
| January | Niles | Michigan |
|---|---|---|
| 2017 | $117,000 | $144,000 |
| 2018 | $123,000 | $155,000 |
| 2019 | $132,000 | $165,000 |
| 2020 | $145,000 | $175,000 |
| 2021 | $164,000 | $194,000 |
| 2022 | $179,000 | $217,000 |
| 2023 | $190,000 | $230,000 |
| 2024 | $197,000 | $241,000 |
| 2025 | $201,000 | $253,000 |
| 2026 | $207,000 | $262,000 |
| August 2026 | $216,000 | $266,000 |
15 new homes permitted in 2025
Builders were permitted 15 new homes in Niles in 2025, all single-family houses, worth about $4.6 million to build. That's 1 per 1,000 residents, slower than across Michigan (2.3). Over the past 10 years, Niles has permitted 231 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 16 | 16 | 0 | $5.9 million |
| 2025 | 15 | 15 | 0 | $4.6 million |
| 2024 | 26 | 26 | 0 | $6.8 million |
| 2023 | 40 | 40 | 0 | $10 million |
| 2022 | 19 | 17 | 2 | $6 million |
| 2021 | 29 | 29 | 0 | $6.1 million |
| 2020 | 28 | 28 | 0 | $6.5 million |
| 2019 | 25 | 20 | 5 | $5.2 million |
| 2018 | 15 | 15 | 0 | $4.7 million |
| 2017 | 18 | 18 | 0 | $5.5 million |
| 2016 | 16 | 16 | 0 | $3.1 million |
| 2015 | 3 | 3 | 0 | $1.1 million |
| 2014 | 9 | 9 | 0 | $2.3 million |
| 2013 | 5 | 5 | 0 | $919,000 |
| 2012 | 3 | 3 | 0 | $238,000 |
| 2011 | 8 | 8 | 0 | $1.9 million |
| 2010 | 4 | 4 | 0 | $1 million |
| 2009 | 5 | 5 | 0 | $1 million |
| 2008 | 22 | 22 | 0 | $4.5 million |
| 2007 | 38 | 38 | 0 | $2.3 million |
| 2006 | 37 | 37 | 0 | $6.2 million |
| 2005 | 54 | 54 | 0 | $9.1 million |
| 2004 | 56 | 56 | 0 | $9.4 million |
| 2003 | 57 | 57 | 0 | $9.6 million |
| 2002 | 53 | 53 | 0 | $7.8 million |
| 2001 | 52 | 34 | 18 | $6 million |
| 2000 | 49 | 35 | 14 | $5.9 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Niles and its neighbors
3.4 years of income
The typical Niles home costs about 3.4 years of the town's median household income, about the same as across Michigan (3.7).
How Niles ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Niles
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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. Listings link to their publishers.