Market Overview
Home Prices in Plymouth, MI
The median home value in Plymouth, MI is $489,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Plymouth are priced19% above average. Plymouth is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Plymouth home values have risen by approximately27.5%, reflecting strong long-term appreciation in this market.
Price History
Plymouth Home Price Trend
City Comparison
Plymouth vs. National Median
At $489,863, homes in Plymouth cost 19% above the national median of $410,000. Buyers in Plymouth should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Plymouth?
20% Down Payment
$97,973
on $489,863
Monthly P&I
$2,555/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,245/mo
incl. taxes & insurance
Income Needed
$129,800
gross annual (30% rule)
10% Down Option
$48,986
+ PMI applies
Loan Amount (20% dn)
$391,890
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 Plymouth, MI?
The median home value in Plymouth is $489,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Plymouth?
Over the past year, home values in Plymouth have increased by 4.7%. Over five years, prices have risen approximately 27.5%.
How much do I need to earn to buy a home in Plymouth?
To comfortably afford the median home price of $489,863 with a 20% down payment ($97,973) at today's rates (6.8%), you'd need a gross annual income of approximately $129,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Plymouth compare to the national average home price?
The national median home value is approximately $410,000. At $489,863, homes in Plymouth are 19% above the national average.
What metro area is Plymouth part of?
Plymouth is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.