Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 3.40
Mortgage as Percentage of Income: 30.86%
Loan Affordability Index: 3.24
Price to Rent Ratio - City Centre: 9.38
Price to Rent Ratio - Outside of Centre: 9.96
Gross Rental Yield (City Centre): 10.67%
Gross Rental Yield (Outside of Centre): 10.04%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,791.67 $ 1,500.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,316.67 $ 1,200.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,612.50 $ 3,000.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,548.62 $ 1,889.00-3,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 358.89 $ 235.04-699.99
Price per Square Feet to Buy Apartment Outside of Centre 274.88 $ 235.04-450.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,021.68 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.70 6.19-7.22

These data are based on 142 entries in the past 18 months from 39 different contributors.
Last update: January 2025

Sources and References
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