Market Overview
Home Prices in Whitmore Lake, MI
The median home value in Whitmore Lake, MI is $367,008 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Whitmore Lake are priced10% below average. Whitmore Lake is part of the Ann Arbor, MI metro area.
Over the past five years, Whitmore Lake home values have risen by approximately20.7%, reflecting strong long-term appreciation in this market.
Price History
Whitmore Lake Home Price Trend
City Comparison
Whitmore Lake vs. National Median
At $367,008, homes in Whitmore Lake cost 10% below the national median of $410,000. This makes Whitmore Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Whitmore Lake?
20% Down Payment
$73,402
on $367,008
Monthly P&I
$1,914/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,431/mo
incl. taxes & insurance
Income Needed
$97,240
gross annual (30% rule)
10% Down Option
$36,701
+ PMI applies
Loan Amount (20% dn)
$293,606
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 Whitmore Lake, MI?
The median home value in Whitmore Lake is $367,008 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Whitmore Lake?
Over the past year, home values in Whitmore Lake have increased by 2.1%. Over five years, prices have risen approximately 20.7%.
How much do I need to earn to buy a home in Whitmore Lake?
To comfortably afford the median home price of $367,008 with a 20% down payment ($73,402) at today's rates (6.8%), you'd need a gross annual income of approximately $97,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Whitmore Lake compare to the national average home price?
The national median home value is approximately $410,000. At $367,008, homes in Whitmore Lake are 10% below the national average.
What metro area is Whitmore Lake part of?
Whitmore Lake is part of the Ann Arbor, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.