Property Prices in Ann Arbor, MI, United States

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Index Info
Price to Income Ratio: 3.18
Mortgage as Percentage of Income: 28.71%
Loan Affordability Index: 3.48
Price to Rent Ratio - City Centre: 8.83
Price to Rent Ratio - Outside of Centre: 9.25
Gross Rental Yield (City Centre): 11.33%
Gross Rental Yield (Outside of Centre): 10.81%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,878.46 $ 1,500.0-2,320.0
Apartment (1 bedroom) Outside of Centre 1,316.67 $ 1,200.0-1,600.0
Apartment (3 bedrooms) in City Centre 3,675.0 $ 3,000.0-4,500.0
Apartment (3 bedrooms) Outside of Centre 2,484.14 $ 1,889.0-3,600.0
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 349.16 $ 236.99-496.0
Price per Square Feet to Buy Apartment Outside of Centre 252.33 $ 236.99-300.0
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,096.26 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.63 6.19-7.0

These data are based on 123 entries in the past 18 months from 35 different contributors.
Last update: October 2024

Sources and References
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