Market Overview
Home Prices in Dexter, MI
The median home value in Dexter, MI is $518,220 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dexter are priced26% above average. Dexter is part of the Ann Arbor, MI metro area.
Over the past five years, Dexter home values have risen by approximately2.6%, reflecting modest growth in this market.
Price History
Dexter Home Price Trend
2020
$458,552
$459K
—
2021
$505,096
$505K
+10.2%
2022
$522,634
$523K
+3.5%
2023
$513,357
$513K
-1.8%
2024
$496,303
$496K
-3.3%
2025
$499,107
$499K
+0.6%
2026
$518,220
$518K
+3.8%
City Comparison
Dexter vs. National Median
🏠 Dexter
$518,220
National Median
$410,000
At $518,220, homes in Dexter cost 26% above the national median of $410,000. Buyers in Dexter should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Dexter?
20% Down Payment
$103,644
on $518,220
Monthly P&I
$2,703/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,433/mo
incl. taxes & insurance
Income Needed
$137,320
gross annual (30% rule)
10% Down Option
$51,822
+ PMI applies
Loan Amount (20% dn)
$414,576
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 Dexter, MI?
The median home value in Dexter is $518,220 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Dexter?
Over the past year, home values in Dexter have increased by 3.8%. Over five years, prices have risen approximately 2.6%.
How much do I need to earn to buy a home in Dexter?
To comfortably afford the median home price of $518,220 with a 20% down payment ($103,644) at today's rates (6.8%), you'd need a gross annual income of approximately $137,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Dexter compare to the national average home price?
The national median home value is approximately $410,000. At $518,220, homes in Dexter are 26% above the national average.
What metro area is Dexter part of?
Dexter is part of the Ann Arbor, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.