The housing market in 48104 Ann Arbor, MI is quite strong. The median value of houses in the area is currently $464,400, which is significantly higher than the national median value of $338,100. This suggests that the housing market in this area has been appreciating at an accelerated rate. Over the last year, house appreciation rates have risen by 8.47%, which is slightly higher than the national appreciation rate of 8.27%. These numbers demonstrate that 48104 Ann Arbor, MI is a desirable place to buy property thanks to its growing housing market.
The median home cost in Ann Arbor (zip 48104) is $464,400. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Ann Arbor (zip 48104) is up 13.1%.
Average Age of Homes
- The median age of Ann Arbor (zip 48104) real estate is 56 years old
The Rental Market in Ann Arbor (zip 48104)
- Renters make up 54.0% of the Ann Arbor (zip 48104) population
- 2.4% of houses and apartments in Ann Arbor (zip 48104), 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.