Ann Arbor, MI—48105
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ann Arbor, MI
As of Oct '25, the median home price in Ann Arbor, MI is $540,000, with a year-over-year change of 1.5%. This indicates that home prices in Ann Arbor, MI are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $540,000 | 1.5% |
| Single Family | $597,000 | 1.4% |
| Condos | $390,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $323,000 | 1.6% |
3 Bed | $477,000 | 2.1% |
4 Bed | $631,000 | 0.5% |
| 5 Bed | $935,000 | 0.8% |
% of Housing Stock
Rental Trends — Ann Arbor, MI
As of July '25, Rentcast reports the average rent in Ann Arbor, MI is $2,760, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Ann Arbor, MI is studios: $1,940, 1-bedrooms: $1,410, 2-bedrooms: $2,410, 3-bedrooms: $3,200, 4-bedrooms: $3,700. The most common rental property sizes in Ann Arbor, MI are 2-bedroom and 1-bedroom, accounting for 43.0% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,760 |
| Studio Rent | $1,980 | $1,940 |
| 1 Bed Rent | $1,380 | $1,410 |
| 2 Bed Rent | $2,200 | $2,410 |
| 3 Bed Rent | $3,200 | $3,200 |
| 4 Bed Rent | $3,800 | $3,700 |
% of Rental Stock
Property Listings — Ann Arbor, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ann Arbor, MI is 59. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $628,000 | -2.0% |
Listing Count | 118 | 2.0% |
| Listings as % of Homes | 0.3% | 2.0% |
Days on Market | 59 | 39.0% |
Demographics — Ann Arbor, MI
As of the latest ACS Survey released in 2023, Ann Arbor, MI has a population of 37,000, which has increased by 1.6% over the past 5 years. Ann Arbor, MI is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 81.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,000 | 1.6% |
% Under 18 | 16.2% | 4.5% |
% Seniors | 16.4% | 14.7% |
% WFH | 26.9% | 363.8% |
% w/ College Degree | 81.6% | 2.3% |
As of the latest ACS Survey released in 2023, Ann Arbor, MI is a predominantly white area, with 57.1% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Ann Arbor, MI is asian, making up 26.2% of the population. Foreign-born residents account for 29.7% of the population in Ann Arbor, MI, and this percentage has decreased by 11.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.1% | 1.8% |
% Black | 5.4% | 0.0% |
% Hispanic | 4.3% | -2.3% |
% Asian | 26.2% | -14.4% |
% Foreign Born | 29.7% | -11.1% |
Mortgage and Risk — Ann Arbor, MI
According to HUD data as of 2023, there were 395 mortgage originations in Ann Arbor, MI, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Ann Arbor, MI. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 395 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Ann Arbor, MI
As of 2024, the percent of homes in Ann Arbor, MI under the Section 8 program is 7.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Ann Arbor, MI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 536 |
Total Units Section 8 | 536 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,380 | $1,560 |
| 2 Bedroom | -$340 | $2,200 | $1,860 |
| 3 Bedroom | -$960 | $3,200 | $2,240 |
| 4 Bedroom | -$1,330 | $3,800 | $2,470 |
Affordability — Ann Arbor, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $540,000 |
| Median Household Income | $94,700 |