Home values see big changes in Macomb, Oakland and Wayne counties
Macomb, Oakland, and Wayne counties in Michigan saw significant home value increases from 2025 to 2026, with exurbs like Lyon Township and Milford Township rising 8-10%, while inner-ring suburbs like Dearborn and Hazel Park also experienced jumps of 8-12%. New housing developments in areas like New Baltimore, combined with affordability trends, are driving the growth, though Proposal A caps taxable value increases at inflation or 5% annually to limit property tax hikes.
New assessment data reveals sharp home value increases across Macomb, Oakland, and Wayne counties in Michigan, with exurbs and inner-ring suburbs leading the surge. In Macomb County, rural Ray Township saw a 9.4% rise, while Oakland County’s Lyon Township and Milford Township jumped 8% and 10%, respectively. Inner-ring communities like Dearborn (8% increase) and Hazel Park (12% increase) also saw notable gains, driven by new construction and affordability. Dearborn’s median home value stands at $219,000, but 21 new single-family homes built last year had a median value of $343,000, reflecting higher-end development. In New Baltimore, values climbed 8.2%, fueled by a proposed 227-home development. Residents like Dale Haselhuhn, 70, moved from Macomb Township to a newly built ranch home in New Baltimore for $590,000, citing affordability and accessibility. Economist Brian Parthum of the Southeast Michigan Council of Governments attributes the trend to new housing supply, while Jeff Glover of Glover Real Estate notes the Midwest’s affordability has made it the hottest market in the U.S. Assessments, conducted annually, determine property taxes, but Michigan’s Proposal A caps taxable value increases at inflation or 5%, preventing steep tax hikes despite rising home values. The data underscores a regional shift, with exurbs attracting buyers seeking space and affordability. New developments in areas like New Baltimore and Dearborn are reshaping local markets, while tax policies ensure homeowners face controlled increases. The trend aligns with broader U.S. patterns, where the Midwest’s housing market is gaining prominence.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.