The housing market in Ann Arbor, MI is thriving. The median value of homes in the city is significantly higher than the national median value of $338,100. Additionally, the appreciation rate of homes over the past year has been 8.47%, slightly higher than the US average of 8.27%. This suggests that homes in Ann Arbor are more desirable and increasing in value more quickly than other areas of the country.
The median home cost in Ann Arbor is $455,500. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Ann Arbor is up 13.1%.
Average Age of Homes
- The median age of Ann Arbor real estate is 49 years old
The Rental Market in Ann Arbor
- Renters make up 50.8% of the Ann Arbor population
- 1.9% of houses and apartments in Ann Arbor, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.