Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 2.52
Mortgage as Percentage of Income: 20.71%
Loan Affordability Index: 4.83
Price to Rent Ratio - City Centre: 6.51
Price to Rent Ratio - Outside of Centre: 8.37
Gross Rental Yield (City Centre): 15.35%
Gross Rental Yield (Outside of Centre): 11.95%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,050.00 $ 1,800.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,242.86 $ 1,100.00-1,400.00
Apartment (3 bedrooms) in City Centre 3,466.67 $ 3,000.00-3,900.00
Apartment (3 bedrooms) Outside of Centre 2,403.33 $ 2,000.00-2,960.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 263.33 $ 210.00-350.00
Price per Square Feet to Buy Apartment Outside of Centre 217.78 $ 166.12-275.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,130.78 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.43 5.00-5.43

These data are based on 56 entries in the past 18 months from 14 different contributors.
Last update: July 2022

Sources and References
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