Market Overview
Home Prices in Woodhaven, MI
The median home value in Woodhaven, MI is $273,960 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Woodhaven are priced33% below average. Woodhaven is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Woodhaven home values have risen by approximately24.3%, reflecting strong long-term appreciation in this market.
Price History
Woodhaven Home Price Trend
City Comparison
Woodhaven vs. National Median
At $273,960, homes in Woodhaven cost 33% below the national median of $410,000. This makes Woodhaven a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Woodhaven?
20% Down Payment
$54,792
on $273,960
Monthly P&I
$1,429/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,815/mo
incl. taxes & insurance
Income Needed
$72,600
gross annual (30% rule)
10% Down Option
$27,396
+ PMI applies
Loan Amount (20% dn)
$219,168
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 Woodhaven, MI?
The median home value in Woodhaven is $273,960 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Woodhaven?
Over the past year, home values in Woodhaven have increased by 4.3%. Over five years, prices have risen approximately 24.3%.
How much do I need to earn to buy a home in Woodhaven?
To comfortably afford the median home price of $273,960 with a 20% down payment ($54,792) at today's rates (6.8%), you'd need a gross annual income of approximately $72,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Woodhaven compare to the national average home price?
The national median home value is approximately $410,000. At $273,960, homes in Woodhaven are 33% below the national average.
What metro area is Woodhaven part of?
Woodhaven is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.