Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 3.01
Mortgage as Percentage of Income: 21.55%
Loan Affordability Index: 4.64
Price to Rent Ratio - City Centre: 8.28
Price to Rent Ratio - Outside of Centre: 10.14
Gross Rental Yield (City Centre): 12.07%
Gross Rental Yield (Outside of Centre): 9.86%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,475.00 $ 1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre 922.22 $ 700.00-1,300.00
Apartment (3 bedrooms) in City Centre 3,357.14 $ 2,000.00-4,600.00
Apartment (3 bedrooms) Outside of Centre 1,855.56 $ 1,450.00-2,500.00
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 3.81 3.00-4.20

These data are based on 111 entries in the past 18 months from 28 different contributors.
Last update: January 2021

Sources and References
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