Sep 2026
$320K
+0.3% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Niles, MI housing market
Niles, MI metro median sale price $320K in Sep 2026, up 0.3% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Niles, MI metro is $320K as of Sep 2026, up 0.3% from a year earlier. FHFA's repeat-sales index for the metro shows a larger change, up 7.6% through Q2 2026, 7.3 points apart; Price reconciliation below shows both.
On median sale price, Niles ($320K) ranks 4th of the 15 Michigan metros Pecan Street tracks, between Grand Rapids ($370K) and Detroit ($302K). On median days on market, Niles (54 days) ranks 2nd of the 15 Michigan metros, between Traverse City (61 days) and Saginaw (54 days). On share of listings with a price cut, Niles (38%) ranks 14th of the 15 Michigan metros, between Ann Arbor (38%) and Monroe (35%).
Listings spent a median 54 days on market in Sep 2026, fewer than in most of the 385 U.S. metros Pecan Street ranks on this measure. 38% of active listings carry a price cut, 1.7 points fewer than a year earlier.
At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,755 a month; at 28% of gross income, that takes about $75K a year. The median sale price equals about 18 years of HUD Fair Market Rent, a ratio up 3.2% from a year earlier. That ratio is higher than in most of the 373 metros. Active listings ask a median $216 per square foot, down 0.9% from a year earlier.
In seven of the 10 ZIP codes in the table below, median list prices are higher than a year earlier; three are lower.
Headline
Oct 15, 2026
7.29%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,755/mo
$75K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Niles compares to other U.S. metros
| Price-to-rent | ↑80th of 373 (top 22%) |
|---|---|
| Home-price growth | ↓273rd of 383 |
| Days on market | ↓234th of 385 |
| Price cuts | 181st of 385 (top 48%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 18 +3.2% YoY ↑80th of 373 (top 22%) |
|---|---|
| Asking price / sq ft | $216 -0.9% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 38% -1.7 pts YoY 181st of 385 (top 48%) |
|---|
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 10 shown of 21 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Recent notable readings
- Zillow home values were lower than a year earlier in none ZIP codes across the Niles metro (Sep 2026): the 8th-lowest share among the 274 U.S. metros Pecan Street tracks with enough ZIP-level data to compare.
Readings from the latest data that sit at one end of the U.S. metros Pecan Street tracks, from the nightly cross-metro comparison. They are not signal alerts.
Price reconciliation
red · 7.3ppRedfin (metro) +0.3% | FHFA HPI · Q2 2026 +7.6% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in MI
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 49022 | $187K↑ | 81↑ | 46↑ | 42↑ | 52↓ | $160K↑ |
| 49038 | $367K↑ | 29↓ | 12↑ | 20↑ | 34↓ | $256K↑ |
| 49085 | $482K↑ | 97↑ | 44↓ | 30↓ | 49↓ | $341K↑ |
| 49103 | $463K↑ | 35↑ | 10↑ | 10↑ | 73↑ | $304K↑ |
| 49107 | $336K↓ | 35↑ | 8↓ | 12↓ | 65↓ | $243K↑ |
| 49117 | $849K↓ | 55↓ | 12↓ | 10↓ | 71↑ | $676K↑ |
| 49120 | $291K↑ | 90↑ | 36↑ | 40↑ | 45↓ | $213K↑ |
| 49125 | $750K↑ | 26↑ | 6↑ | 6↑ | 70↓ | $467K↑ |
| 49127 | $473K↓ | 29↑ | 8 | 8 | 58↓ | $339K↑ |
| 49128 | $425K↑ | 29↑ | 4↑ | 12↑ | 55↑ | $364K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.