Market Overview
Home Prices in Hazel Park, MI
The median home value in Hazel Park, MI is $162,003 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.9% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hazel Park are priced60% below average. Hazel Park is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Hazel Park home values have risen by approximately8.5%, reflecting steady appreciation in this market.
Price History
Hazel Park Home Price Trend
City Comparison
Hazel Park vs. National Median
At $162,003, homes in Hazel Park cost 60% below the national median of $410,000. This makes Hazel Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hazel Park?
20% Down Payment
$32,401
on $162,003
Monthly P&I
$845/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,073/mo
incl. taxes & insurance
Income Needed
$42,920
gross annual (30% rule)
10% Down Option
$16,200
+ PMI applies
Loan Amount (20% dn)
$129,602
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 Hazel Park, MI?
The median home value in Hazel Park is $162,003 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.9% year-over-year.
How much have home prices changed in Hazel Park?
Over the past year, home values in Hazel Park have decreased by 4.9%. Over five years, prices have risen approximately 8.5%.
How much do I need to earn to buy a home in Hazel Park?
To comfortably afford the median home price of $162,003 with a 20% down payment ($32,401) at today's rates (6.8%), you'd need a gross annual income of approximately $42,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Hazel Park compare to the national average home price?
The national median home value is approximately $410,000. At $162,003, homes in Hazel Park are 60% below the national average.
What metro area is Hazel Park part of?
Hazel Park is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.