Compare: Michigan vs Minnesota
Home Values in Michigan and Minnesota
|Zillow Home Value IndexWhat's this?||$105,000||vs||$173,600|
|Median List Price||$124,900||vs||$184,900|
|Median Sale Price||$139,900||vs||$208,800|
|Total Homes Sold in Oct||23487 homes||vs||8547 homes|
Michigan tends to be less expensive for home buyers than Minnesota. During the last year, Michigan home values have risen by 9.4%, while Minnesota home values have risen by 11.8%. The median sale price in Michigan is $139,900, but the median listing price was $124,900, a 12.0% increase. Meanwhile in Minnesota, the median selling price is $208,800, and the starting price had a median of $184,900, a 12.9% increase. In October, Michigan home sellers managed to move 23487 houses, while Minnesota saw 8547 transactions.
Demographics in Michigan and Minnesota
|Median Household Income||$46,339||vs||$48,439|
|Homes with Kids||30.7%||vs||30.8%|
|Average Household Size||2.6||vs||2.5|
|Average Commute Time (Minutes)||25||vs||23|
At $48,439, the median income in Minnesota is $2,100 more than in Michigan, and $3,927 higher than the national average. Michigan has an older median age, at 35, compared to 35 in Minnesota, and a longer average commute. The average commute in Minnesota is 23 minutes and the average commute in Michigan is 25 minutes.
Homes for Sale in Michigan and Minnesota
Michigan vs Minnesota