Market Overview
Home Prices in Commerce Township, MI
The median home value in Commerce Township, MI is $406,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Commerce Township are priced1% below average. Commerce Township is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Commerce Township home values have risen by approximately24.0%, reflecting strong long-term appreciation in this market.
Price History
Commerce Township Home Price Trend
City Comparison
Commerce Township vs. National Median
At $406,244, homes in Commerce Township cost 1% below the national median of $410,000. This makes Commerce Township a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Commerce Township?
20% Down Payment
$81,249
on $406,244
Monthly P&I
$2,119/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,691/mo
incl. taxes & insurance
Income Needed
$107,640
gross annual (30% rule)
10% Down Option
$40,624
+ PMI applies
Loan Amount (20% dn)
$324,995
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Commerce Township, MI?
The median home value in Commerce Township is $406,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Commerce Township?
Over the past year, home values in Commerce Township have increased by 2.7%. Over five years, prices have risen approximately 24.0%.
How much do I need to earn to buy a home in Commerce Township?
To comfortably afford the median home price of $406,244 with a 20% down payment ($81,249) at today's rates (6.8%), you'd need a gross annual income of approximately $107,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Commerce Township compare to the national average home price?
The national median home value is approximately $410,000. At $406,244, homes in Commerce Township are 1% below the national average.
What metro area is Commerce Township part of?
Commerce Township is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.