Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Michigan
MIUCSFRCONDOSMSAMID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
262,505.33
Year-over-Year Change
2.63%
Date Range
1/1/2000 - 7/1/2025
Summary
The Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Michigan tracks the typical home value in the state. This metric is closely watched by real estate analysts and policymakers to gauge housing market trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The ZHVI provides a comprehensive view of the typical home value across different property types in Michigan. It is a smoothed, seasonally adjusted measure that represents the whole housing stock, not just the homes that sold during the month.
Methodology
The ZHVI is calculated using Zillow's proprietary automated valuation model, which analyzes millions of home sales and other real estate data.
Historical Context
The ZHVI is a key input for housing market analysis and policy decisions related to the real estate sector.
Key Facts
- The ZHVI for Michigan reached a record high in 2022.
- Condos and co-ops make up about 20% of the Michigan housing stock.
- Home values in Michigan have risen faster than the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Michigan tracks the typical home value across different property types in the state.
Q: Why is this trend relevant for users or analysts?
A: The ZHVI is a closely watched metric that provides valuable insights into the health and trends of the Michigan housing market, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The ZHVI is calculated using Zillow's proprietary automated valuation model, which analyzes millions of home sales and other real estate data.
Q: How is this trend used in economic policy?
A: The ZHVI is a key input for housing market analysis and policy decisions related to the real estate sector, such as mortgage rates, housing affordability, and urban development.
Q: Are there update delays or limitations?
A: The ZHVI data is updated monthly, with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Michigan (MIUCSFRCONDOSMSAMID), retrieved from FRED.