Auburn Hills, Michigan Housing Market Prices
Auburn Hills Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 35% above the Michigan median$187,481
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Median rent 31% above the Michigan median$1,476
Housing Market Overview
| Metric | Auburn Hills | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,481 | $138,713 | $248,835 |
| Price Trend (Annual %) | 25.4% | 8.6% | 7.5% |
| Median Gross Rent | $1,476 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Auburn Hills is about 35% higher than in Michigan. Rent is about 31% higher than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Auburn Hills, up about 25.4% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Auburn Hills rose about 52.1% between 2015 and 2024, from $970 to $1,476. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Auburn Hills.
Buying the median-priced home in Auburn Hills costs roughly 10.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Auburn Hills. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Auburn Hills | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,481 | $138,713 | $248,835 |
| Median Household Income | $82,887 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Auburn Hills rose about 237.4%, while median household income rose about 52.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Auburn Hills | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.6% | 64.6% | 58.5% |
| Rental Rate | 45.2% | 23.6% | 31.2% |
| Vacancy Rate | 7.2% | 11.8% | 10.2% |
| Median Tenure (years) | 10.0 | 16.0 | 15.0 |
| Median Year Moved In | 2016 | 2010 | 2011 |
Auburn Hills has a homeownership rate of 47.6%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 7.2%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Auburn Hills | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.10 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1988 | 1972 | 1978 |
| Median Number of Rooms | 5.0 | 5.9 | 5.5 |
The typical housing unit in Auburn Hills was built around 1988. On average, 2.1 people live in a home with about 5.0 rooms, staying for about 10.0 years on average.
Auburn Hills, MI Housing Compared With Nearby Cities
How Auburn Hills, MI compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Auburn Hills, MI | 24,784 | $187,481 #3/3 | $1,476 #2/3 | 51.3% #2/3 |
| Pontiac, MI | 62,501 | $215,970 | $1,064 | 46.8% |
| Rochester Hills, MI | 77,315 | $228,576 | $1,644 | 76.7% |
Frequently Asked Questions
Common questions about the housing market in Auburn Hills, Michigan.
What is the median home price in Auburn Hills, Michigan?
The median home price in Auburn Hills, Michigan is $187,481, higher than the Michigan average of $138,713.
What is the average home price in Auburn Hills, Michigan?
The typical home price in Auburn Hills, Michigan, reported as the median sale price, is $187,481. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Auburn Hills, Michigan?
The median gross rent in Auburn Hills, Michigan is $1,476 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Auburn Hills in 2020?
In 2020, the median gross rent in Auburn Hills, Michigan was $1,147 per month.
What is the price-to-rent ratio in Auburn Hills, Michigan?
The price-to-rent ratio in Auburn Hills, Michigan is about 10.6, meaning it would take roughly 10.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Auburn Hills.
Are home prices or rent rising faster in Auburn Hills, Michigan?
Both home prices and rent are rising in Auburn Hills, up about 25.4% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Auburn Hills, Michigan?
47.6% of households in Auburn Hills, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Auburn Hills, Michigan?
The housing vacancy rate in Auburn Hills, Michigan is 7.2%, lower than the Michigan average of 11.8%.
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