$566,355, and It Is the Same Everywhere
Program and regulatory figures verified September 26, 2026. Details change; confirm your scenario with us.
Most state housing agencies publish a grid of price limits. Michigan publishes one figure, and it is high enough that it rarely decides anything.
One number, 99 rows
MSHDA's income and sales price limits sheet runs to 99 rows covering all 83 counties, with separate targeted and non-targeted rows in the 17 split counties. Every income figure differs. Every sales price figure is $566,355.
That is genuinely simpler than most states and it removes a question people expect to have to ask. There is no Washtenaw price limit and no Detroit price limit. There is the Michigan price limit.
What the cap looks like against the market
| Metro | Typical value, Aug 2026 | Headroom under $566,355 | YoY |
|---|---|---|---|
| Traverse City | $422,480 | $143,875 | +2.9% |
| Ann Arbor | $416,914 | — | +2.5% |
| Grand Rapids | $357,283 | $209,072 | +4.9% |
| Holland | $348,045 | — | +4.8% |
| Kalamazoo | $278,194 | — | +4.4% |
| Detroit | $267,167 | $299,188 | +2.1% |
| Muskegon | $257,800 | — | +4.5% |
| Lansing | $249,666 | — | +3.6% |
| Flint | $196,792 | — | +4.7% |
| Saginaw | $176,680 | — | +5.7% |
Typical values from Zillow's public ZHVI series for all homes, data month August 2026, compared with August 2025. Every one of the 31 Michigan metros in that dataset rose year over year.
Traverse City is the state's most expensive metro and still sits $143,875 under the cap. So at typical values the limit does not bind anywhere in Michigan.
Where it can still bite
A typical value is a middle, not a ceiling. Individual homes above $566,355 obviously exist, and they cluster where you would expect: lakefront in Grand Traverse and Leelanau, parts of Ann Arbor, the older Oakland County suburbs, Holland's waterfront.
If you are shopping in one of those, the price limit is a real constraint on using MSHDA and it is worth knowing before you fall for a house. Everywhere else in Michigan it is background.
What actually decides most MSHDA files
Since the price cap rarely binds, the constraints that do are the income limit and the targeted-area question.
- Income. $98,400 at the non-targeted floor for a one to two person household is a real limit in a state where two professional salaries add up quickly. The county figures.
- Targeted status. Whether a repeat buyer can use the program at all. 66 of 83 counties.
- Credit. The 640 minimum. Credit and debt ratios.
That ordering is worth internalising because it changes where you spend your effort. In several states the price cap is the first thing to check. In Michigan it is close to the last.
The date on this number
$566,355 is MSHDA's figure after June 1, 2026, read from the published limits sheet on 2026-09-26. Housing agency limits move. Ask us for the current number before you rely on it, and we will read it off the live document rather than from memory.
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Frequently asked questions
What is the MSHDA sales price limit?
$566,355 after June 1, 2026, and it is the same figure on all 99 rows of MSHDA's limits table. Michigan does not vary the sales price limit by county or by targeted status, which is unusual among state housing agencies. Income limits do vary, from $98,400 to $170,760 for a one to two person household.
Does the MSHDA price limit vary by county in Michigan?
No. Unlike the income limits, which have 22 distinct pairs across the state, the sales price limit is a single statewide figure of $566,355 after June 1, 2026. There is no separate Detroit limit or Ann Arbor limit. That makes the price test the simplest part of a MSHDA file.
Is $566,355 enough to buy in the expensive parts of Michigan?
At typical values, yes, everywhere. Traverse City is the most expensive Michigan metro in Zillow's August 2026 data at a typical value of $422,480, which leaves $143,875 of headroom under the cap. Individual homes above the limit exist, particularly on the water in Grand Traverse and Leelanau and in parts of Ann Arbor and Oakland County, so it can bind on a specific house even though it does not bind on a market.
What usually stops a Michigan buyer using MSHDA, if not the price limit?
Income first. The non-targeted floor is $98,400 for a one to two person household, which two professional salaries can exceed quickly. Then the targeted-area question, which decides whether a repeat buyer is eligible at all. Then credit, where the minimum score is 640. The price cap is close to the last thing to check in Michigan, which is the reverse of several other states.
Are Michigan home values rising?
In Zillow's August 2026 data every one of the 31 Michigan metros rose year over year, ranging from Detroit at +2.1% to Saginaw at +5.7%. Grand Rapids was +4.9% at a typical value of $357,283 and Flint +4.7% at $196,792. Those are typical values for all homes, so an individual property can move differently.
Mike Certo · NMLS #260555 · Cornerstone First Mortgage NMLS #173855 · Equal Housing Lender. Educational content about financing, not a loan commitment and not legal or tax advice. MSHDA program terms, income limits and sales price limits are set by the Michigan State Housing Development Authority and change; figures here carry the date we verified them against MSHDA's published documents. Targeted-area status is determined by MSHDA at city and township level and must be confirmed for the specific address. Loans are subject to borrower and property qualification.