The housing market in Ypsilanti, MI is currently strong and growing. The median value of homes in Ypsilanti is currently $304,900, which is slightly lower than the US median value of $338,100. However, the one-year appreciation rate for the area is 8.47%, which is higher than the national average of 8.27%. This indicates that home values in Ypsilanti are increasing faster than the rest of the country and that now may be a great time to invest in this city's housing market.
The median home cost in Ypsilanti is $304,900. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Ypsilanti is up 13.1%.
Average Age of Homes
- The median age of Ypsilanti real estate is 60 years old
The Rental Market in Ypsilanti
- Renters make up 58.6% of the Ypsilanti population
- 3.7% of houses and apartments in Ypsilanti, 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.