The median home in Chelsea, Michigan is valued at $395,874, up 0.5% year over year. Chelsea is part of the Ann Arbor, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$395,874

+0.5%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$79,175 on $395,874

Example: $75,000 household income. Change it above to see your own.

Out of reach42.3% of income

Need $113,271/yr to afford.

PITI$2,643

P/I42.3%

Afford$262K

Gap-$134K

P&I $2,002Tax $508Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Chelsea with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Ann Arbor, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Ann Arbor, MI metro.

View Ann Arbor, MI metro

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Chelsea, MI