Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 4.16
Mortgage as Percentage of Income: 36.87%
Loan Affordability Index: 2.71
Price to Rent Ratio - City Centre: 12.23
Price to Rent Ratio - Outside of Centre: 8.17
Gross Rental Yield (City Centre): 8.17%
Gross Rental Yield (Outside of Centre): 12.23%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre $2,030.62 1,650.00-2,440.00
1 Bedroom Apartment Outside of City Centre $1,417.08 1,200.00-1,800.00
3 Bedroom Apartment in City Centre $3,815.56 3,390.00-4,500.00
3 Bedroom Apartment Outside of City Centre $2,636.56 2,149.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre $513.46 236.99-597.36
Price per Square Feet to Buy Apartment Outside of Centre $238.37 236.99-328.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) $4,858.33
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.37 6.00-7.30

These data are based on 127 entries from 22 contributors over the past 18 months.
Last update: 7 May 2026

Sources and References
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