Ann Arbor, MI—48109
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ann Arbor, MI
Ann Arbor, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ann Arbor, MI
Ann Arbor, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ann Arbor, MI
Ann Arbor, MI lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Ann Arbor, MI
As of the latest ACS Survey released in 2023, Ann Arbor, MI has a population of 5,720, which has increased by 3.4% over the past 5 years. Ann Arbor, MI is a less popular place for families, as children make up 1.2% of the population. The area has a highly educated workforce, with 67.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,720 | 3.4% |
% Under 18 | 1.2% | -40.0% |
% Seniors | 0.7% | -56.2% |
% WFH | 30.7% | 38.3% |
% w/ College Degree | 67.7% | 34.1% |
As of the latest ACS Survey released in 2023, Ann Arbor, MI is a predominantly white area, with 61.6% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Ann Arbor, MI is asian, making up 22.4% of the population. Foreign-born residents account for 9.4% of the population in Ann Arbor, MI, and this percentage has decreased by 14.5% 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 | 61.6% | -1.4% |
% Black | 4.1% | -43.8% |
% Hispanic | 6.7% | -2.9% |
% Asian | 22.4% | 12.0% |
% Foreign Born | 9.4% | -14.5% |
Mortgage and Risk — Ann Arbor, MI
According to HUD data as of 2023, there were 1 mortgage originations in Ann Arbor, MI, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 96.0%, with 100.0% above 90% LTV (very high). This implies large mortgage risk in Ann Arbor, MI. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Ann Arbor, MI
Ann Arbor, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,350 |
| 2 Bedroom | N/A | N/A | $1,600 |
| 3 Bedroom | N/A | N/A | $1,930 |
| 4 Bedroom | N/A | N/A | $2,170 |
Affordability — Ann Arbor, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |