The housing market in the Ann Arbor, MI Metro Area is thriving. The median house value is currently $340,000, which is slightly higher than the US median house value of $338,100. Additionally, the 1 year appreciation rate for houses in this area stands at 8.47%, which is just above the national average of 8.27%. This indicates that there is strong demand for housing in this area and that people are willing to pay more for homes here than other areas across the country. With a vibrant economy and community amenities like universities, parks and restaurants, it's easy to see why the Ann Arbor Metro Area has become a desirable place to live.
The median home cost in Ann Arbor Metro Area is $340,000. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Ann Arbor Metro Area is up 13.1%.
Average Age of Homes
- The median age of Ann Arbor Metro Area real estate is 41 years old
The Rental Market in Ann Arbor Metro Area
- Renters make up 36.3% of the Ann Arbor Metro Area population
- 1.5% of houses and apartments in Ann Arbor Metro Area, 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.