Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 4.19
Mortgage as Percentange of Income: 31.49%
Loan Affordability Index: 3.18
Price to Rent Ratio - City Centre: 9.51
Price to Rent Ratio - Outside of Centre: 10.41
Gross Rental Yield (City Centre): 10.51%
Gross Rental Yield (Outside of Centre): 9.60%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,495.83 $ 1,000.00-2,000.00
Apartment (1 bedroom) Outside of Centre 979.92 $ 750.00-1,300.00
Apartment (3 bedrooms) in City Centre 2,881.82 $ 2,000.00-3,400.00
Apartment (3 bedrooms) Outside of Centre 1,795.00 $ 1,450.00-2,500.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 297.50 $ 220.00-370.00
Price per Square Feet to Buy Apartment Outside of Centre 208.50 $ 180.00-220.00
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 3,249.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.38 4.00-4.54

These data are based on 82 entries in the past 18 months from 18 different contributors.
Last update: March 2019

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