Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 3.80
Mortgage as Percentage of Income: 34.42%
Loan Affordability Index: 2.91
Price to Rent Ratio - City Centre: 9.92
Price to Rent Ratio - Outside of Centre: 9.21
Gross Rental Yield (City Centre): 10.08%
Gross Rental Yield (Outside of Centre): 10.86%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,836.67 $ 1,500.00-2,320.00
Apartment (1 bedroom) Outside of Centre 1,293.75 $ 1,200.00-1,400.00
Apartment (3 bedrooms) in City Centre 3,483.33 $ 3,000.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,332.00 $ 2,000.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 378.33 $ 250.00-550.00
Price per Square Feet to Buy Apartment Outside of Centre 241.66 $ 200.00-275.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,385.26 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.64 5.50-6.70

These data are based on 71 entries in the past 18 months from 13 different contributors.
Last update: September 2023

Sources and References
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