Gaines, MI Housing Market

$396,231

4.0% 1-yr

The average Gaines, MI home value is $396,231, up 4.0% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Gaines Key Takeaways

Typical Home Values: $396,231

1-year Value Change: +4.0%

(Data through January 31, 2026)

Gaines Housing Market Overview

--1-year Market Forecast

30For sale inventory(January 31, 2026)

7New listings(January 31, 2026)

--Median sale to list ratio

--Median sale price(December 31, 2025)

$424,650Median list price(January 31, 2026)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Gaines

NameMedian ZHVI
Millbrook$332,137
Ken-O-Sha Park$303,389
Shangrai-La$297,266
Shawnee Park$348,966
Lake Eastbrook--
Ridgemoor$383,116
Alger Heights$281,217
Garfield Park$224,616
Eastgate$345,307

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Gaines Rental Market Trends

--Average rent in Gaines(January 31, 2026)

$1,895National average rent(January 31, 2026)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.