Zip Code: 48096 (Ray, Michigan) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 48096 Zip Code (Ray, Michigan) in February 2026 was $406,574.42. The month over month percentage change (MoM) was 0.72%, and the year over year percentage change (YoY) was 6.87%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 48096 zip code (Ray, Michigan). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 48096 zip code (Ray, Michigan).

You can see similar information for other Michigan zip codes, and for Michigan.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 48096 (Ray, Michigan) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 48096 (Ray, Michigan) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 177321.92709898096 0.90 1.27
Feb 2015 179133.39403840734 1.02 1.95
Mar 2015 180782.49557399415 0.92 2.59
Apr 2015 182773.5076614171 1.10 3.50
May 2015 184711.71999268755 1.06 4.74
Jun 2015 186550.26421078268 1.00 5.98
Jul 2015 187337.11344871065 0.42 7.26
Aug 2015 188617.57161557334 0.68 8.80
Sep 2015 190906.60941998273 1.21 10.86
Oct 2015 194225.4429862234 1.74 12.47
Nov 2015 196333.80686549473 1.09 12.80
Dec 2015 197344.49854913075 0.52 12.30
Jan 2016 197839.82845784284 0.25 11.57
Feb 2016 198329.7448173353 0.25 10.72
Mar 2016 198731.17416608575 0.20 9.93
Apr 2016 199661.21286838202 0.47 9.24
May 2016 201714.99264161513 1.03 9.21
Jun 2016 204857.3780693408 1.56 9.81
Jul 2016 207575.1174665706 1.33 10.80
Aug 2016 209741.65605930737 1.04 11.20
Sep 2016 210956.80514376322 0.58 10.50
Oct 2016 212327.20927900137 0.65 9.32
Nov 2016 212995.58564737882 0.32 8.49
Dec 2016 214268.74297004286 0.60 8.58
Jan 2017 216350.72498280104 0.97 9.36
Feb 2017 219155.22391709615 1.30 10.50
Mar 2017 221480.44087174814 1.06 11.45
Apr 2017 222263.67705776414 0.35 11.32
May 2017 223097.14895311595 0.38 10.60
Jun 2017 224695.94766911725 0.72 9.68
Jul 2017 226822.38198241303 0.95 9.27
Aug 2017 228906.21613376695 0.92 9.14
Sep 2017 230231.06269044153 0.58 9.14
Oct 2017 230570.46828425885 0.15 8.59
Nov 2017 230231.56688186433 -0.15 8.09
Dec 2017 229836.61471970915 -0.17 7.27
Jan 2018 229662.59427196847 -0.08 6.15
Feb 2018 228666.49789468703 -0.43 4.34
Mar 2018 228571.69323149114 -0.04 3.20
Apr 2018 228604.32386886087 0.01 2.85
May 2018 229210.2000091259 0.27 2.74
Jun 2018 228692.7069088852 -0.23 1.78
Jul 2018 229018.85415697828 0.14 0.97
Aug 2018 229471.3352569244 0.20 0.25
Sep 2018 229730.24583421808 0.11 -0.22
Oct 2018 229417.34000182486 -0.14 -0.50
Nov 2018 228994.52758323043 -0.18 -0.54
Dec 2018 229792.8018199529 0.35 -0.02
Jan 2019 232101.16336986437 1.00 1.06
Feb 2019 235839.4205622453 1.61 3.14
Mar 2019 239342.00721315193 1.49 4.71
Apr 2019 242367.5677967428 1.26 6.02
May 2019 244736.5284475924 0.98 6.77
Jun 2019 246952.21095745833 0.91 7.98
Jul 2019 247742.3994558114 0.32 8.18
Aug 2019 248053.80787064577 0.13 8.10
Sep 2019 247661.34681394324 -0.16 7.81
Oct 2019 248479.2843617977 0.33 8.31
Nov 2019 249768.53570643315 0.52 9.07
Dec 2019 251776.9107412612 0.80 9.57
Jan 2020 253116.72779088537 0.53 9.05
Feb 2020 254578.2965217596 0.58 7.95
Mar 2020 255716.28204478452 0.45 6.84
Apr 2020 256678.8023664989 0.38 5.91
May 2020 256137.4574556748 -0.21 4.66
Jun 2020 255641.43912370686 -0.19 3.52
Jul 2020 255771.63886516145 0.05 3.24
Aug 2020 257565.25959701362 0.70 3.83
Sep 2020 260570.8850560397 1.17 5.21
Oct 2020 263544.29419948097 1.14 6.06
Nov 2020 266311.7116496362 1.05 6.62
Dec 2020 268806.73713160004 0.94 6.76
Jan 2021 271464.395786411 0.99 7.25
Feb 2021 275467.65085081034 1.48 8.21
Mar 2021 279223.13437261846 1.36 9.19
Apr 2021 284299.15399887995 1.82 10.76
May 2021 288763.6172488669 1.57 12.74
Jun 2021 293632.95228064223 1.69 14.86
Jul 2021 297848.9891515432 1.44 16.45
Aug 2021 301371.0235686644 1.18 17.01
Sep 2021 303441.17026760284 0.69 16.45
Oct 2021 304349.2532060835 0.30 15.48
Nov 2021 304746.373583623 0.13 14.43
Dec 2021 305453.5207541774 0.23 13.63
Jan 2022 306871.06148959376 0.46 13.04
Feb 2022 308865.22221175156 0.65 12.12
Mar 2022 311801.48181969696 0.95 11.67
Apr 2022 315022.41134294163 1.03 10.81
May 2022 317064.0076979106 0.65 9.80
Jun 2022 317950.5443539703 0.28 8.28
Jul 2022 316374.23782014614 -0.50 6.22
Aug 2022 314331.50352478033 -0.65 4.30
Sep 2022 311885.7440169927 -0.78 2.78
Oct 2022 311429.9425081664 -0.15 2.33
Nov 2022 312325.0016927288 0.29 2.49
Dec 2022 315661.2049134055 1.07 3.34
Jan 2023 320693.0004610627 1.59 4.50
Feb 2023 326269.62898624863 1.74 5.64
Mar 2023 330543.3501959544 1.31 6.01
Apr 2023 333703.7051452794 0.96 5.93
May 2023 337290.3015842608 1.08 6.38
Jun 2023 340255.4389718291 0.88 7.02
Jul 2023 342532.36523607787 0.67 8.27
Aug 2023 343612.49768957857 0.32 9.32
Sep 2023 344509.6153170327 0.26 10.46
Oct 2023 345144.833968379 0.18 10.83
Nov 2023 346551.2537754053 0.41 10.96
Dec 2023 347618.2078312114 0.31 10.12
Jan 2024 349075.4378355581 0.42 8.85
Feb 2024 351716.4236114989 0.76 7.80
Mar 2024 356364.7356474567 1.32 7.81
Apr 2024 361686.5820834295 1.49 8.39
May 2024 364651.41577868286 0.82 8.11
Jun 2024 366529.83563361195 0.52 7.72
Jul 2024 366246.62866962334 -0.08 6.92
Aug 2024 366118.8356608593 -0.04 6.55
Sep 2024 365729.9146297833 -0.11 6.16
Oct 2024 367738.9221866741 0.55 6.55
Nov 2024 370620.61108256876 0.78 6.95
Dec 2024 374521.94389684516 1.05 7.74
Jan 2025 377348.73493655026 0.76 8.10
Feb 2025 380450.6139225659 0.82 8.17
Mar 2025 382614.12511401606 0.57 7.37
Apr 2025 384817.3304281982 0.58 6.40
May 2025 386620.7542109555 0.47 6.03
Jun 2025 388457.32069262647 0.48 5.98
Jul 2025 390545.75709667586 0.54 6.64
Aug 2025 391379.7086701362 0.21 6.90
Sep 2025 392097.7189241943 0.18 7.21
Oct 2025 393425.10543395346 0.34 6.99
Nov 2025 396704.7600957891 0.83 7.04
Dec 2025 400373.56309991237 0.93 6.90
Jan 2026 403665.20881933393 0.82 6.97
Feb 2026 406574.41952143767 0.72 6.87