Market Overview
Home Prices in Harper Woods, MI
The median home value in Harper Woods, MI is $159,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Harper Woods are priced61% below average. Harper Woods is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Harper Woods home values have risen by approximately21.2%, reflecting strong long-term appreciation in this market.
Price History
Harper Woods Home Price Trend
City Comparison
Harper Woods vs. National Median
At $159,856, homes in Harper Woods cost 61% below the national median of $410,000. This makes Harper Woods a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Harper Woods?
20% Down Payment
$31,971
on $159,856
Monthly P&I
$834/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,059/mo
incl. taxes & insurance
Income Needed
$42,360
gross annual (30% rule)
10% Down Option
$15,986
+ PMI applies
Loan Amount (20% dn)
$127,885
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 Harper Woods, MI?
The median home value in Harper Woods is $159,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Harper Woods?
Over the past year, home values in Harper Woods have increased by 1.9%. Over five years, prices have risen approximately 21.2%.
How much do I need to earn to buy a home in Harper Woods?
To comfortably afford the median home price of $159,856 with a 20% down payment ($31,971) at today's rates (6.8%), you'd need a gross annual income of approximately $42,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Harper Woods compare to the national average home price?
The national median home value is approximately $410,000. At $159,856, homes in Harper Woods are 61% below the national average.
What metro area is Harper Woods part of?
Harper Woods is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.