Market Overview
Home Prices in Redford, MI
The median home value in Redford, MI is $179,203 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Redford are priced56% below average. Redford is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Redford home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.
Price History
Redford Home Price Trend
City Comparison
Redford vs. National Median
At $179,203, homes in Redford cost 56% below the national median of $410,000. This makes Redford a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Redford?
20% Down Payment
$35,841
on $179,203
Monthly P&I
$935/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,187/mo
incl. taxes & insurance
Income Needed
$47,480
gross annual (30% rule)
10% Down Option
$17,920
+ PMI applies
Loan Amount (20% dn)
$143,362
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 Redford, MI?
The median home value in Redford is $179,203 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Redford?
Over the past year, home values in Redford have increased by 1.6%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Redford?
To comfortably afford the median home price of $179,203 with a 20% down payment ($35,841) at today's rates (6.8%), you'd need a gross annual income of approximately $47,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Redford compare to the national average home price?
The national median home value is approximately $410,000. At $179,203, homes in Redford are 56% below the national average.
What metro area is Redford part of?
Redford is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.