Zip 48104 (Ann Arbor, MI) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ann Arbor, Michigan	United States
	19,041.0	139,647,020.0
	56	42
	$464,400	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$16.87	$10.98
	$7,221	$2,690
	34.0%	57.4%
	7.3%	11.2%
	58.8%	31.4%
Vacant Housing
	2.4%	1.9%
	3.1%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.0%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.2%	2.4%
	0.0%	2.8%
	0.7%	3.9%
	0.9%	4.5%
	5.8%	11.3%
	9.4%	13.0%
	13.7%	20.1%
	15.6%	13.6%
	13.1%	8.3%
	22.7%	9.7%
	10.4%	3.9%
	6.1%	2.2%
	1.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	3.8%	13.6%
	3.8%	13.6%
	7.5%	13.6%
	10.1%	13.2%
	12.0%	14.8%
	7.5%	13.6%
	10.6%	10.0%
	7.3%	4.7%
	24.0%	12.2%

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