Schools
The whole 48131 area feeds Dundee Community Schools, ranked Monroe County's #1 district and statewide-known for wrestling.
Monroe County, Michigan
Mortgage Broker in Dundee, MI
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Buying a home in Dundee
Sitting where M-50 meets US-23, Dundee has always been a crossroads town, a lodging-and-retail stop between Ann Arbor, Monroe, and Toledo rather than a bedroom suburb. The regional Cabela's superstore on Cabelas Blvd reshaped the local economy when it landed in the early 2000s, and the Stellantis engine plant in the M-50 industrial park (originally the Global Engine Alliance) still anchors light manufacturing. The village proper holds roughly 5,580 residents per Data USA, with the broader 48131 township area closer to 8,000-9,000. Tourism pulls weight too, Splash Universe water park and the 1849 Old Mill Museum on the River Raisin draw visitors most weekends. For buyers, that mix means steady local jobs paired with an easy ~25-minute reach to Ann Arbor.
By the numbers
Dundee housing and mortgage snapshot
Values move. Treat these as orientation and let us pull current figures for the address you are considering.
$336,000
Typical home value, from the market research on this page
+45%
Typical rise in taxable value the year after a home sells, 2026 Uncapping Study
1.10%
Effective property tax rate, as a share of value
1
Residential ZIP codes
What financing looks like in Dundee
To comfortably carry a median $285K-$300K Dundee home with about 10% down at current rates, plan on a household income near $85,000-$95,000; with 20% down, closer to $75,000-$80,000 works. The local median household income is about $71,058, so a strong-credit dual-income buyer is well-positioned. Property taxes run around 1.1% of market value (a typical bill near $2,047), but remember Michigan resets your taxable value the year after closing, to half of the assessor's market value rather than the seller's capped figure, so budget for that jump. First-time buyers should ask us about MSHDA down-payment assistance. At this price point you're comfortably under conforming limits, so jumbo financing rarely comes into play; FHA and conventional are the workhorses here, and rural USDA can fit the township edges.
Nearly every Dundee purchase fits well under the 2026 conforming limit of $832,750, so loan size is rarely the constraint.
The market
The Dundee housing market
Dundee is a thin market, so the price picture depends on which source you trust. The Zillow Home Value Index sat near $278,000 in late 2025, while Redfin logged a March 2026 median sale of about $336K and RealtyTrac pegged the ZIP median sale near $323,770, a fair midpoint lands around $285,000-$300,000. Year-over-year readings swing hard on just three to five monthly sales: Redfin showed roughly -11.7% on volume, Zillow projected about +1.3% ahead, so call it roughly flat. Homes now sell in about 107 days, a sharp improvement from ~201 days a year prior. Demand is driven by Ann Arbor commuters and engine-plant payroll.
Schools and commute
Commute
Downtown Detroit is about 55-58 miles, roughly an hour to 1:10 by car via US-23 to I-94.
Michigan property taxes
Dundee property taxes after you buy
The year after a Michigan home sells, its taxable value resets to half of the assessor's market value, so the seller's tax bill is not your tax bill.
In Dundee Township, our 2026 Uncapping Study found taxable value typically rises about 45% the year after a sale: roughly $1,360 more in first-year tax on a $300,000 home at the local homestead millage. We build your payment on that post-sale number.
In Samantha's words
I'd much rather somebody ask me, "Why are your taxes higher than what I'm seeing online?" than have them build a housing budget around the wrong assumption.
Local resources
Check Dundee records yourself
The official offices behind the tax and school details on this page.
- Dundee Township Assessor's Office, for parcel records and current taxable value
- Dundee Community Schools, for district boundaries and enrollment
- Monroe County Equalization, for county property tax records
What our clients say
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Travis and the team at Align Lending are hands down the best mortgage option for anyone looking to buy or refinance. Travis spent as much time as it took to be sure I was in the best spot to buy a house and stuck with me through it all. I am so proud of my home and none of it would have been possible without Travis.
★★★★★
Very professional and knowledgeable, highly recommend for your lending needs!
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Can’t say enough great things about Samantha and her team at Align Lending! Highly recommend
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Samantha is a rockstar. We had an unusual situation with our lending and she went above and beyond to help us get our mortgage approved. I truly feel that if we had worked with any other lender or broker, we would not have been able to close on time, or maybe at all. I am beyond happy with the work Samantha did for us and how she handled the entire process. I cannot say enough good things about the work she did for me and my husband. I will be recommending Align Lending and Samantha to anyone that needs a lender.
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Just bought my first home and Ryan Greiner made the mortgage process incredibly quick and easy to understand. He worked hand in hand with my realtor and made sure everything I needed was ready when it had to be. Definitely reccomend Align Lending and Ryan both!
★★★★★
As first time homebuyers we made sure to do our research before choosing a mortgage broker. We decided to go with Align Lending and could not have made a better choice. We worked with Samantha and she made the entire process smooth and easy. The customer service was top notch! The professional, yet caring approach was just what we were looking. We highly recommend Align Lending!
Individual experiences. Results vary.
Dundee mortgage questions
If yours is not here, ask it on the call. There are no dumb questions.
What is the typical home price in Dundee, MI 48131?
Home values in Dundee cluster around the mid-$280,000s, with the Zillow Home Value Index near $278,000 in late 2025 and ZIP-level median sale prices running higher (RealtyTrac reported ~$323,770 and Redfin showed a March 2026 median sale of $336K on very thin volume). Most buyers should plan for the high-$200Ks to low-$300Ks for a typical single-family home.
How long do homes stay on the market in Dundee?
Recent Redfin data shows Dundee homes selling after about 107 days on market in early 2026, a big improvement from roughly 201 days a year earlier. Because Dundee is a small market with only a handful of monthly sales, days-on-market can swing widely month to month.
What are property taxes like in Dundee?
The effective property tax rate runs around 1.1% of market value (about 1.12% median), with a typical annual bill near $2,047. Michigan taxes a property’s “taxable value,” which is capped and roughly half of market value, so new buyers should expect their bill to reset the year after closing, to half of the assessor’s estimate of market value, which is often well above the seller’s capped figure.
How much income do I need to buy a home in Dundee?
To comfortably afford a median ~$285,000-$300,000 home with about 10% down at current rates, you’d generally want a household income in the $85,000-$95,000 range. Dundee’s median household income is about $71,058, so a 20%-down buyer or a household above the local median is well-positioned.
What drives the local economy and jobs in Dundee?
Dundee is anchored by its regional Cabela’s superstore, a Stellantis engine plant in the M-50 industrial park (originally the Global Engine Alliance), Dundee Community Schools, and tourism around Splash Universe water park and the River Raisin. Its location at the US-23/M-50 crossroads between Ann Arbor, Monroe and Toledo makes it a retail and logistics hub.
What schools and neighborhoods are in the 48131 ZIP?
The area is served by Dundee Community Schools, ranked the #1 district in Monroe County and statewide-known for wrestling. Popular subdivisions include Arbor Chase, Golf Ridge, Dundee Ridge and Stonebrook (generally mid-$200Ks to high-$300Ks), while the historic downtown near the Old Mill Museum and Wolverine Park offers more affordable older homes.
How far is Dundee from Ann Arbor and Detroit?
Ann Arbor is a quick ~25-30 minute drive, and Monroe and Toledo are each about 20-30 minutes. Downtown Detroit is farther, roughly 55-58 miles, or about an hour to 1 hour 10 minutes by car, typically via US-23 to I-94. There’s no direct transit, so plan on driving.
Communities near Dundee
Monroe County overviewTalk with a local mortgage expert
Tell Samantha what you are trying to do in Dundee and she will tell you what actually matters for your situation, including whether the timing is right.
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Tell us what you are trying to do
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We look at your situation
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You leave with a plan
Your options, the tradeoffs, and your next step. No obligation to go further.
Align Lending LLC, NMLS #2041154. Samantha Shelton, NMLS 1647301. Equal Housing Opportunity. Licensed in Michigan, Ohio, North Carolina, Florida, Louisiana and Texas. Figures on this page are market research for orientation, not a quote. This page is for educational purposes only. It is not a credit decision, a preapproval, a commitment to lend, or an offer of credit.
