Metro area index
Home appreciation in the Warren-Troy-Farmington Hills, MI metropolitan division
FHFA HPI® data shows the Warren-Troy-Farmington Hills, MI metropolitan division's all-transactions index changed +4.4% over the year to Q2 2026, versus +4.6% for Michigan and +3.0% for the U.S. That ranks 137th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +4.4%
- 5-year change
- +39.6%
- Since Q1 1995
- +204%
- Metro rank (1 year)
- 137th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Warren-Troy-Farmington Hills, MI vs Michigan and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Warren-Troy-Farmington Hills, MI: 303.6
- Michigan: 328.0
- United States: 391.6
Appreciation by time window
| Window | Metro | MI | U.S. | Gap vs MI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.4% | +4.6% | +3.0% | −0.2 pts | +1.4 pts |
| 3 years | +16.4% | +18.0% | +12.9% | −1.5 pts | +3.6 pts |
| 5 years | +39.6% | +45.6% | +41.3% | −6.0 pts | −1.7 pts |
| 10 years | +91.5% | +104% | +93.3% | −12.0 pts | −1.8 pts |
| Since Q1 1995 | +204% | +228% | +292% | −24.4 pts | −87.9 pts |
3-digit ZIP regions in the Warren-Troy-Farmington Hills, MI area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 483 · Sterling Heights, MI area | MI | +4.6% | +40.0% | +190% | 100% |
| 480 · Warren, MI area | MI | +4.5% | +39.3% | +210% | 100% |
| 484 · Fenton, MI area | MI | +4.2% | +42.0% | +199% | 28% |
| 488 · East Lansing, MI area | MI | +4.9% | +44.0% | +213% | 12% |
Boom, bust, and recovery in Warren-Troy-Farmington Hills, MI area
Warren-Troy-Farmington Hills, MI area's index peaked in Q3 2005, fell 37.4% to its low in Q2 2011, and regained its peak in Q2 2018, about 12.8 years after the top. Today it sits +69.2% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q3 2005 | Q2 2011 | -37.4% | Q2 2018 (12.8 yrs) | +69.2% |
| MI | Q3 2005 | Q2 2011 | -29.4% | Q2 2018 (12.8 yrs) | +83.3% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Warren-Troy-Farmington Hills, MI area's index has changed +37.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | MI after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.5% | +0.7% | -0.8% |
| 3 years | +9.8% | +6.0% | +7.4% | +2.8% |
| 5 years | +24.0% | +12.6% | +17.4% | +13.9% |
| 10 years | +39.1% | +37.7% | +46.3% | +39.0% |
| Since Q1 1995 | +121% | +37.1% | +48.1% | +76.8% |
If you bought in the Warren-Troy-Farmington Hills, MI area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +198% | $892,650 |
| Q2 2000 | +108% | $623,535 |
| Q2 2005 | +70.2% | $510,686 |
| Q2 2010 | +163% | $787,873 |
| Q2 2015 | +102% | $606,230 |
| Q2 2020 | +55.4% | $466,295 |
| Q2 2021 | +39.6% | $418,805 |
| Q2 2023 | +16.4% | $349,350 |
| Q2 2025 | +4.4% | $313,150 |
Frequently asked questions
- How much have home prices risen in the Warren-Troy-Farmington Hills, MI area?
- FHFA HPI® data for the Warren-Troy-Farmington Hills, MI metropolitan division shows changes of +4.4% over one year, +39.6% over five years, and +91.5% over ten years to Q2 2026, and +204% since Q1 1995.
- Is the Warren-Troy-Farmington Hills, MI area beating the national average?
- Over the past year the metro's index moved +1.4 pts versus the U.S.; over five years the gap is −1.7 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.