Market Overview
Home Prices in Southfield, MI
The median home value in Southfield, MI is $258,802 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Southfield are priced37% below average. Southfield is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Southfield home values have risen by approximately15.9%, reflecting steady appreciation in this market.
Price History
Southfield Home Price Trend
City Comparison
Southfield vs. National Median
At $258,802, homes in Southfield cost 37% below the national median of $410,000. This makes Southfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Southfield?
20% Down Payment
$51,760
on $258,802
Monthly P&I
$1,350/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,715/mo
incl. taxes & insurance
Income Needed
$68,600
gross annual (30% rule)
10% Down Option
$25,880
+ PMI applies
Loan Amount (20% dn)
$207,042
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 Southfield, MI?
The median home value in Southfield is $258,802 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Southfield?
Over the past year, home values in Southfield have increased by 1.8%. Over five years, prices have risen approximately 15.9%.
How much do I need to earn to buy a home in Southfield?
To comfortably afford the median home price of $258,802 with a 20% down payment ($51,760) at today's rates (6.8%), you'd need a gross annual income of approximately $68,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Southfield compare to the national average home price?
The national median home value is approximately $410,000. At $258,802, homes in Southfield are 37% below the national average.
What metro area is Southfield part of?
Southfield is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.