Plymouth, MI housing market
Homes typically sell in 10 days, a little above asking.
Home values, sales, trends and how Plymouth compares with the towns next door — updated as new data is published.
Plymouth 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 44% in 5 years
The federal house price index for the ZIP code around Plymouth rose 44% over the past 5 years, slower than across Michigan (52%). Last year prices rose 7%. Carrying the Census median home value forward with that index puts the typical Plymouth home at roughly $541,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +7% | +104% | +97% |
| 2024 | +3.4% | +90% | +88% |
| 2023 | +8.9% | +84% | +76% |
| 2022 | +9.8% | +69% | +64% |
| 2021 | +9% | +54% | +45% |
| 2020 | +1.1% | +41% | +30% |
| 2019 | +3.6% | +40% | +26% |
| 2018 | +5.5% | +35% | +20% |
| 2017 | +5.1% | +28% | +12% |
| 2016 | +5.8% | +22% | +5.3% |
| 2015 | +4.9% | +15% | 0% |
| 2014 | +11% | +9.6% | −4.7% |
| 2013 | +10% | −1.7% | −12% |
| 2012 | +3.2% | −11% | −16% |
| 2011 | +1.1% | −13% | −16% |
| 2010 | −3.5% | −14% | −12% |
| 2009 | −12% | −11% | −5% |
| 2008 | −6.8% | +0.6% | +3.5% |
| 2007 | −7% | +8% | +11% |
| 2006 | −2.7% | +16% | +16% |
| 2005 | +3.8% | +19% | +18% |
| 2004 | +2.9% | +15% | +14% |
| 2003 | +2.6% | +12% | +10% |
| 2002 | +3.8% | +9% | +8.3% |
| 2001 | +5% | +5% | +5% |
| 2000 | — | — | — |
How Plymouth ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 48170, 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.
32 new homes permitted in 2025
Builders were permitted 32 new homes in Plymouth in 2025, all single-family houses, worth about $12.8 million to build. That's 3.5 per 1,000 residents, faster than across Michigan (2.3). Over the past 10 years, Plymouth has permitted 297 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Plymouth gained 238 residents while 288 new homes were permitted: about 0.8 new residents 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) | 17 | 17 | 0 | $10.1 million |
| 2025 | 32 | 32 | 0 | $12.8 million |
| 2024 | 29 | 29 | 0 | $15.2 million |
| 2023 | 9 | 9 | 0 | $5.6 million |
| 2022 | 47 | 36 | 11 | $14.3 million |
| 2021 | 45 | 39 | 6 | $12.8 million |
| 2020 | 32 | 32 | 0 | $9.4 million |
| 2019 | 23 | 23 | 0 | $7.1 million |
| 2018 | 13 | 13 | 0 | $4.5 million |
| 2017 | 32 | 32 | 0 | $11.4 million |
| 2016 | 35 | 35 | 0 | $13.3 million |
| 2015 | 130 | 30 | 100 | $29.7 million |
| 2014 | 29 | 29 | 0 | $6.8 million |
| 2013 | 13 | 13 | 0 | $3.2 million |
| 2012 | 11 | 11 | 0 | $2.5 million |
| 2011 | 2 | 2 | 0 | $600,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 79 | 1 | 78 | $12.2 million |
| 2007 | 3 | 3 | 0 | $705,000 |
| 2006 | 38 | 11 | 27 | $6.7 million |
| 2005 | 66 | 66 | 0 | $10.1 million |
| 2004 | 191 | 151 | 40 | $26.5 million |
| 2003 | 2 | 2 | 0 | $230,000 |
| 2002 | 13 | 1 | 12 | $1.7 million |
| 2001 | 12 | 4 | 8 | $1.3 million |
| 2000 | 3 | 3 | 0 | $493,000 |
How Plymouth 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.
4 years of income
The typical Plymouth home costs about 4 years of the town's median household income, more than across Michigan (3.7 years).
How Plymouth 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 $1,460
HUD's Fair Market Rent for a two-bedroom in Plymouth is $1,460 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Plymouth pay a median of $1,217, so moving in tends to cost more than staying put. A two-bedroom takes about 16% of the town's median household income.
Studio $1,050 · 4 bedrooms $1,930
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48170; Ann Arbor, 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.
Recent listings in Plymouth
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.