Current Price

$620,987

1 Month Forecast

â–² $644,333

1-Year Forecast *

â–² $695,377

5-Year Forecast *

â–² $777,096

"Is it a good time to buy homes in Empire?" "Does investing in real estate in Empire (Michigan State, Leelanau County) worth it?" According to our live Forecast System, buying a house in Empire is a good short-term (1-year) investment*. The Empire average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Empire" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Empire in Michigan State, Leelanau County. If you are looking for homes for sale with good flipping profit, Empire can be a profitable property investment option. The median price of an average house in Empire was 620,987 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Empire" area is 777,096 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +25.14% meaning that investing 100000 USD today may yield a profit of 25,139 USD by 2031.

Current Median Listing Price: 620,987 USD Median Listing Price Per Square Foot: 345 USD

Empire Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Empire (Michigan State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Empire Price Target

Empire median home price target in 12 months: $695,377* (upside of 12.0%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $645,921 $639,883 $639,883 $650,504
2024 $600,115 $620,987 $599,804 $620,987
2023 $587,685 $600,651 $584,171 $611,770
2022 $541,696 $590,680 $541,696 $602,214
2021 $432,632 $533,486 $432,632 $533,486
2020 $399,260 $427,201 $399,260 $427,201
2019 $382,184 $398,145 $377,875 $398,145
2018 $362,885 $382,002 $362,624 $383,059
2017 $337,199 $361,962 $337,199 $361,962
2016 $335,457 $332,519 $325,063 $336,019
2015 $334,460 $335,982 $333,506 $338,163
2014 $319,901 $334,760 $315,744 $334,760
2013 $298,289 $321,215 $298,289 $321,535
2012 $295,120 $297,941 $294,560 $297,941

Questions & Answers about the Empire Housing Market Forecast

How much does an average home cost in Empire today?

The value of an average home (the listing price) in Empire is $620,987 USD.

What is the average price per square foot in Empire?

According to Walletinvestor the median price per square foot in Empire is 345 USD.

Will the median listing price of homes in Empire grow / rise / go up?

Yes. The Empire home prices may rise from 620,987 USD to 695,377 USD in one year.

Is it profitable to invest in Empire homes?

Yes. The long-term profit potential is +11.98% in one year.

Will Empire house prices fall / drop?

No. See above.

What is the predicted price of a Empire home in 2030?

The predicted home sales price of a Empire home in 2030 in Empire is 743,324 USD.

What is the predicted price of a Empire home in 2035?

The predicted home sales price of a Empire home in 2035 in Empire is 868,419 USD.

Will real estate prices decrease in Empire?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Empire is the 17176. largest city in the United States, located in Michigan State.

During the last 12 months the real estate prices in Leelanau, Empire decreased, looking at the past 12 months.

According to Walletinvestor's Empire real estate market research, home values will increase in the next 12 months.

Median home values decreased by 4.467% to 620,987 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 10.759% in 2021
  • 10.129% in 2022
  • 12.989% in 2023
  • 11.259% in 2024
  • 10.259% in 2025
  • 12.579% in 2026

Based on our Empire real estate market research and report the predicted sales prices will increase by 210.010% in the next 10 years.

Over the last 12 months, the value of homes in Empire fluctuated: increasing 1 times and decreasing 3 times.

Empire (Michigan) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Empire Housing Market Forecast with Real Estate Prices for 2025
August 2025 644333 605029 683637
September 2025 648814 585879 711749
October 2025 653326 617393 689259
November 2025 657870 622345 693395
December 2025 662446 610112 714779
Empire Housing Market Forecast with Real Estate Prices for 2026
January 2026 667053 603016 731090
February 2026 671692 627360 716024
March 2026 676363 635105 717622
April 2026 681067 642247 719888
May 2026 685804 642599 729010
June 2026 690574 636709 744439
July 2026 695377 652959 737795
August 2026 700213 638594 761832
September 2026 705083 661368 748798
October 2026 709986 653188 766785
November 2026 714924 673459 756390
December 2026 718837 679301 758373
Empire Housing Market Forecast with Real Estate Prices for 2027
January 2027 715858 646420 785296
February 2027 713117 642519 783716
March 2027 710161 662580 757742
April 2027 707218 637910 776525
May 2027 704286 647943 760629
June 2027 701367 638244 764490
July 2027 703219 658917 747522
August 2027 708110 670580 745640
September 2027 713035 663835 762234
October 2027 717994 661272 774715
November 2027 722656 657617 787695
December 2027 722057 672957 771156
Empire Housing Market Forecast with Real Estate Prices for 2028
January 2028 719064 673044 765084
February 2028 716083 673834 758332
March 2028 713316 664811 761822
April 2028 711009 654129 767890
May 2028 710375 665622 755129
June 2028 710007 663857 756158
July 2028 711839 674824 748855
August 2028 714752 651854 777650
September 2028 715963 651527 780400
October 2028 717240 669902 764578
November 2028 716911 645937 787885
December 2028 719146 668087 770205
Empire Housing Market Forecast with Real Estate Prices for 2029
January 2029 723805 684720 762891
February 2029 728839 689482 768197
March 2029 733220 691426 775013
April 2029 733530 682183 784877
May 2029 738632 681757 795507
June 2029 740777 702998 778557
July 2029 743324 680885 805763
August 2029 743873 676924 810821
September 2029 741315 693129 789500
October 2029 738242 684350 792134
November 2029 735182 681514 788850
December 2029 740295 701059 779531
Empire Housing Market Forecast with Real Estate Prices for 2030
January 2030 745444 670899 819988
February 2030 750628 708593 792663
March 2030 755849 686310 825387
April 2030 761105 704022 818188
May 2030 766399 701255 831543
June 2030 771729 694556 848902
July 2030 777096 727362 826830
August 2030 782501 708946 856056
September 2030 787943 716240 859646
October 2030 793423 725982 860864
November 2030 798941 723041 874840
December 2030 804497 744965 864030
Empire Housing Market Forecast with Real Estate Prices for 2031
January 2031 810093 746905 873280
February 2031 815727 768414 863039
March 2031 821400 754045 888755
April 2031 825896 763128 888664
May 2031 822472 746805 898140
June 2031 819324 769345 869302
July 2031 815927 746574 885281
August 2031 812545 733728 891362
September 2031 809177 737970 880385
October 2031 805823 732493 879153
November 2031 807952 753011 862892
December 2031 813571 734654 892487
Empire Housing Market Forecast with Real Estate Prices for 2032
January 2032 819229 769256 869202
February 2032 824927 780381 869473
March 2032 830283 783787 876778
April 2032 829594 752442 906747
May 2032 826156 745192 907119
June 2032 822731 751154 894309
July 2032 819552 756447 882658

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.