Property Prices in Ann Arbor, MI, United States

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Index Info
Price to Income Ratio: 3.22
Mortgage as Percentage of Income: 29.20%
Loan Affordability Index: 3.42
Price to Rent Ratio - City Centre: 8.63
Price to Rent Ratio - Outside of Centre: 10.01
Gross Rental Yield (City Centre): 11.59%
Gross Rental Yield (Outside of Centre): 9.99%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,776.92 $ 1,500.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,305.00 $ 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 328.75 $ 235.04-600.00
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) 5,043.42 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 6.19-7.11

These data are based on 138 entries in the past 18 months from 36 different contributors.
Last update: March 2025

Sources and References
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