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  4. /Ann Arbor, MI - 48109

Ann Arbor, MI—48109

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
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Household Income
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Days on Market
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Home Price Forecast
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Median Rent
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1-Bed Rent
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2-Bed Rent
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3-Bed Rent
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Other Zip Codes in Ann Arbor, MI

48103481044810548108
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Ann Arbor, MI

Ann Arbor, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
N/AN/A
Single Family N/AN/A
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

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  • Affordability
  • Rentals and Section 8
    • 2 Bed
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    3 Bed
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    4 Bed
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    5 Bed N/AN/A
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    % of Housing Stock

    2 Bedrooms
    6.3%
    3 Bedrooms
    93.7%

    Rental Trends — Ann Arbor, MI

    Ann Arbor, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    6.3%
    3 Bedrooms
    93.7%

    Property Listings — Ann Arbor, MI

    Ann Arbor, MI lacks sufficient listing trend data for analysis.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		N/AN/A
    Listing Count
    		N/AN/A
    Listings as % of HomesN/AN/A
    Days on Market
    		N/AN/A
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    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.

    MetricLatest CensusYoY % Change
    Population
    		5,7203.4%
    % Under 18
    		1.2%-40.0%
    % Seniors
    		0.7%-56.2%
    % WFH
    		30.7%38.3%
    % w/ College Degree
    		67.7%34.1%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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
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    % Rentals under Section 8
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    % Occupied Section 8
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    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,350
    2 BedroomN/AN/A$1,600
    3 BedroomN/AN/A$1,930
    4 BedroomN/AN/A$2,170

    Affordability — Ann Arbor, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household IncomeN/A

    Ann Arbor, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ann Arbor, MI

    48104

    Ann Arbor, MI

    48105

    Ann Arbor, MI

    48108

    Ann Arbor, MI

    48103

    Ypsilanti, MI

    48197

    Frequently Asked Questions