Market Overview
Home Prices in Taylor, MI
The median home value in Taylor, MI is $182,227 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Taylor are priced56% below average. Taylor is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Taylor home values have risen by approximately24.9%, reflecting strong long-term appreciation in this market.
Price History
Taylor Home Price Trend
City Comparison
Taylor vs. National Median
At $182,227, homes in Taylor cost 56% below the national median of $410,000. This makes Taylor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Taylor?
20% Down Payment
$36,445
on $182,227
Monthly P&I
$950/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,207/mo
incl. taxes & insurance
Income Needed
$48,280
gross annual (30% rule)
10% Down Option
$18,223
+ PMI applies
Loan Amount (20% dn)
$145,782
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 Taylor, MI?
The median home value in Taylor is $182,227 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Taylor?
Over the past year, home values in Taylor have increased by 2.2%. Over five years, prices have risen approximately 24.9%.
How much do I need to earn to buy a home in Taylor?
To comfortably afford the median home price of $182,227 with a 20% down payment ($36,445) at today's rates (6.8%), you'd need a gross annual income of approximately $48,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Taylor compare to the national average home price?
The national median home value is approximately $410,000. At $182,227, homes in Taylor are 56% below the national average.
What metro area is Taylor part of?
Taylor is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.