Wheatfield, MI housing market
Home prices around Wheatfield have risen about 40% over the past 5 years. No new homes were permitted in 2010.
Home values, sales, trends and how Wheatfield compares with the towns next door — updated as new data is published.
Home prices up 40% in 5 years
The federal house price index for the ZIP codes around Wheatfield rose 40% over the past 5 years, slower than across Michigan (52%). Last year prices fell 2.9%. Carrying the Census median home value forward with that index puts the typical Wheatfield home at roughly $465,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | −2.9% | +82% | +97% |
| 2024 | +11% | +88% | +88% |
| 2023 | +6% | +68% | +76% |
| 2022 | +10% | +59% | +64% |
| 2021 | +11% | +44% | +45% |
| 2020 | +2.9% | +30% | +30% |
| 2019 | +3% | +26% | +26% |
| 2018 | +7% | +23% | +20% |
| 2017 | +5.5% | +15% | +12% |
| 2016 | +5.3% | +8.7% | +5.3% |
| 2015 | +6.7% | +3.2% | 0% |
| 2014 | +5.2% | −3.3% | −4.7% |
| 2013 | +4% | −8% | −12% |
| 2012 | −2% | −12% | −16% |
| 2011 | −1.6% | −9.7% | −16% |
| 2010 | −4.8% | −8.3% | −12% |
| 2009 | −15% | −3.6% | −5% |
| 2008 | −2.6% | +13% | +3.5% |
| 2007 | −5.2% | +16% | +11% |
| 2006 | +0.2% | +22% | +16% |
| 2005 | +4.5% | +22% | +18% |
| 2004 | +4.6% | +17% | +14% |
| 2003 | +2.9% | +12% | +10% |
| 2002 | +3.7% | +8.3% | +8.3% |
| 2001 | +4.5% | +4.5% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 48895, 48854, 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 2010
No permits for new homes were issued in Wheatfield in 2010. The last year with any was 2009 (1 new home).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2010 | 0 | 0 | 0 | — |
| 2009 | 1 | 1 | 0 | $150,000 |
| 2008 | 3 | 3 | 0 | $642,000 |
| 2007 | 1 | 1 | 0 | $125,000 |
| 2006 | 2 | 2 | 0 | $425,000 |
| 2005 | 5 | 5 | 0 | $1.1 million |
| 2004 | 10 | 10 | 0 | $1.8 million |
| 2003 | 5 | 5 | 0 | $967,000 |
| 2002 | 3 | 3 | 0 | $650,000 |
| 2001 | 5 | 5 | 0 | $714,000 |
| 2000 | 7 | 7 | 0 | $1.3 million |
Wheatfield's permit office didn't report to the Census in 2010, so the 2010 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Wheatfield and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Wheatfield | — | −2.9%† | $1,250 | — | $116,500 |
| Williamston | $331K | +2.8% | $1,230 | 40 | $71,379 |
| Leroy | — | +1.8%† | $1,260 | 1 | $84,704 |
| Williamstown | — | −3.5%† | $1,240 | 7 | $114,792 |
| Ingham | — | −1.9%† | $1,070 | — | $112,000 |
| Alaiedon | — | +7.5%† | $1,340 | 1 | $94,042 |
† FHFA price index change, where Zillow has no home value for the town.
2.7 years of income
The typical Wheatfield home costs about 2.7 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 $1,250
HUD's Fair Market Rent for a two-bedroom in Wheatfield is $1,250 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Wheatfield pay a median of $1,102, so moving in tends to cost more than staying put. A two-bedroom takes about 13% of the town's median household income.
Studio $950 · 4 bedrooms $1,650
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48854, 48895; Lansing-East Lansing, 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. 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.