Market Overview
Home Prices in Pleasant Ridge, MI
The median home value in Pleasant Ridge, MI is $498,673 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pleasant Ridge are priced22% above average. Pleasant Ridge is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Pleasant Ridge home values have risen by approximately23.2%, reflecting strong long-term appreciation in this market.
Price History
Pleasant Ridge Home Price Trend
City Comparison
Pleasant Ridge vs. National Median
At $498,673, homes in Pleasant Ridge cost 22% above the national median of $410,000. Buyers in Pleasant Ridge should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Pleasant Ridge?
20% Down Payment
$99,735
on $498,673
Monthly P&I
$2,601/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,303/mo
incl. taxes & insurance
Income Needed
$132,120
gross annual (30% rule)
10% Down Option
$49,867
+ PMI applies
Loan Amount (20% dn)
$398,938
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 Pleasant Ridge, MI?
The median home value in Pleasant Ridge is $498,673 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Pleasant Ridge?
Over the past year, home values in Pleasant Ridge have increased by 4.5%. Over five years, prices have risen approximately 23.2%.
How much do I need to earn to buy a home in Pleasant Ridge?
To comfortably afford the median home price of $498,673 with a 20% down payment ($99,735) at today's rates (6.8%), you'd need a gross annual income of approximately $132,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Pleasant Ridge compare to the national average home price?
The national median home value is approximately $410,000. At $498,673, homes in Pleasant Ridge are 22% above the national average.
What metro area is Pleasant Ridge part of?
Pleasant Ridge is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.