Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 3.77
Mortgage as Percentage of Income: 34.16%
Loan Affordability Index: 2.93
Price to Rent Ratio - City Centre: 10.72
Price to Rent Ratio - Outside of Centre: 10.85
Gross Rental Yield (City Centre): 9.33%
Gross Rental Yield (Outside of Centre): 9.22%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,847.69 $ 1,500.00-2,320.00
Apartment (1 bedroom) Outside of Centre 1,343.75 $ 1,200.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,477.78 $ 3,000.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,281.12 $ 1,889.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 409.66 $ 236.99-600.00
Price per Square Feet to Buy Apartment Outside of Centre 287.83 $ 236.99-450.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,980.68 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 6.19-7.40

These data are based on 123 entries in the past 18 months from 29 different contributors.
Last update: July 2024

Sources and References
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