Plymouth, MI 48170 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Plymouth, MI—48170

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$485,000

4.8% YoY Growth

Household Income

$109,000

32.0% YoY Growth

Days on Market

15.0% Shorter YoY

Home Price Forecast

0.5%

Median Rent

$2,300

2.5% YoY Growth

1-Bed Rent

$1,300

24.5% YoY Growth

2-Bed Rent

$2,150

7.0% YoY Growth

3-Bed Rent

$2,500

1.8% YoY Growth

Home Price Trends — Plymouth, MI

As of May '26, the median home price in Plymouth, MI is $485,000, with a year-over-year change of 4.8%. This indicates that home prices in Plymouth, MI are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$485,000	4.8%
Single Family	$520,000	5.3%
Condos	$313,000	2.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Plymouth, MI

As of July '25, Rentcast reports the average rent in Plymouth, MI is $2,340, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Plymouth, MI is 1-bedrooms: $1,370, 2-bedrooms: $2,150, 3-bedrooms: $2,850, 4-bedrooms: $3,570. The most common rental property sizes in Plymouth, MI are 2-bedroom and 1-bedroom, accounting for 44.2% and 38.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,340
Studio Rent	N/A	N/A
1 Bed Rent	$1,300	$1,370
2 Bed Rent	$2,150	$2,150
3 Bed Rent	$2,500	$2,850
4 Bed Rent	$3,000	$3,570

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% of Rental Stock

Studio

4.7%

1 Bedroom

38.8%

2 Bedrooms

44.2%

3 Bedrooms

11.3%

4 Bedrooms

0.8%

5+ Bedrooms

0.3%

Property Listings — Plymouth, MI

As of May '26, Realtor.com reports that the median days on market for a home in Plymouth, MI is 29. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$550,000	-1.0%
Listing Count	140	24.0%
Listings as % of Homes	0.3%	24.0%
Days on Market	29	-15.0%

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Demographics — Plymouth, MI

As of the latest ACS Survey released in 2023, Plymouth, MI has a population of 40,600, which has increased by 2.3% over the past 5 years. Plymouth, MI is a moderately popular place for families, as children make up 21.1% of the population. The area has a highly educated workforce, with 59.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	40,600	2.3%
% Under 18	21.1%	1.9%
% Seniors	21.3%	9.8%
% WFH	23.0%	310.7%
% w/ College Degree	59.0%	10.1%

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As of the latest ACS Survey released in 2023, Plymouth, MI is a predominantly white area, with 86.8% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Plymouth, MI is asian, making up 3.5% of the population. Foreign-born residents account for 6.5% of the population in Plymouth, MI, and this percentage has decreased by 25.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	86.8%	-3.6%
% Black	2.2%	46.7%
% Hispanic	2.7%	8.0%
% Asian	3.5%	-20.5%
% Foreign Born	6.5%	-25.3%

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Mortgage and Risk — Plymouth, MI

According to HUD data as of 2023, there were 749 mortgage originations in Plymouth, MI, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Plymouth, MI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	749
% Conventional Loans	95.0%
% Government Loans	5.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Plymouth, MI

As of 2024, the percent of homes in Plymouth, MI under the Section 8 program is 4.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Plymouth, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	168
Total Units Section 8	164
% Rentals under Section 8	4.4%
% Occupied Section 8	94.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$180	$1,300	$1,120
2 Bedroom	-$790	$2,150	$1,360
3 Bedroom	-$840	$2,500	$1,660
4 Bedroom	-$1,190	$3,000	$1,810

Plymouth, MI—48170

Key Metrics at a Glance

Home Price Trends — Plymouth, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Plymouth, MI

% of Rental Stock

Property Listings — Plymouth, MI

Demographics — Plymouth, MI

Race and Ethnicity

Mortgage and Risk — Plymouth, MI

Mortgages

Rentals and Section 8 — Plymouth, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Plymouth, MI

Home Price to Income Ratio

Plymouth, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Northville, MI

Canton, MI

Northville, MI

Canton, MI

Novi, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$485,000
Median Household Income	$109,000

Plymouth, MI—48170

Key Metrics at a Glance

Home Price Trends — Plymouth, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Plymouth, MI

% of Rental Stock

Property Listings — Plymouth, MI

Demographics — Plymouth, MI

Race and Ethnicity

Mortgage and Risk — Plymouth, MI

Mortgages

Rentals and Section 8 — Plymouth, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Plymouth, MI

Home Price to Income Ratio

Plymouth, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Northville, MI

Canton, MI

Northville, MI

Canton, MI

Novi, MI

Frequently Asked Questions

What is the average home price in Plymouth, MI 48170?

How have home prices in Plymouth, MI 48170 changed over the past year?

What is the home price projection for Plymouth, MI 48170?

What are the demographics of Plymouth, MI 48170?

How long does it take homes to sell in Plymouth, MI 48170?

What is the average rent price in Plymouth, MI 48170?