Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 3.58
Mortgage as Percentage of Income: 29.37%
Loan Affordability Index: 3.41
Price to Rent Ratio - City Centre: 9.81
Price to Rent Ratio - Outside of Centre: 9.42
Gross Rental Yield (City Centre): 10.19%
Gross Rental Yield (Outside of Centre): 10.61%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,986.67 $ 1,700.00-2,320.00
Apartment (1 bedroom) Outside of Centre 1,300.00 $ 1,200.00-1,400.00
Apartment (3 bedrooms) in City Centre 3,900.00 $ 3,500.00-4,700.00
Apartment (3 bedrooms) Outside of Centre 2,427.50 $ 2,000.00-2,960.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 411.25 $ 350.00-550.00
Price per Square Feet to Buy Apartment Outside of Centre 252.50 $ 230.00-275.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,991.78 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.43 5.00-5.50

These data are based on 53 entries in the past 18 months from 9 different contributors.
Last update: March 2023

Sources and References
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