Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 3.01
Mortgage as Percentage of Income: 21.35%
Loan Affordability Index: 4.68
Price to Rent Ratio - City Centre: 8.84
Price to Rent Ratio - Outside of Centre: 9.40
Gross Rental Yield (City Centre): 11.31%
Gross Rental Yield (Outside of Centre): 10.64%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,481.25 $ 1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,018.75 $ 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,925.00 $ 2,000.00-4,600.00
Apartment (3 bedrooms) Outside of Centre 1,950.00 $ 1,500.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 277.14 $ 210.00-450.00
Price per Square Feet to Buy Apartment Outside of Centre 199.58 $ 166.12-250.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,260.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.71 3.00-4.20

These data are based on 105 entries in the past 18 months from 28 different contributors.
Last update: June 2021

Sources and References
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