Property Prices in Ann Arbor, MI, United States

Index Info
Price to Income Ratio: 3.14
Mortgage as Percentage of Income: 28.18%
Loan Affordability Index: 3.55
Price to Rent Ratio - City Centre: 8.97
Price to Rent Ratio - Outside of Centre: 9.69
Gross Rental Yield (City Centre): 11.15%
Gross Rental Yield (Outside of Centre): 10.32%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,731.11 $ 1,280.00-2,320.00
Apartment (1 bedroom) Outside of Centre 1,230.00 $ 1,000.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,650.00 $ 3,200.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,443.33 $ 2,000.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 339.00 $ 236.99-600.00
Price per Square Feet to Buy Apartment Outside of Centre 252.80 $ 236.99-450.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,076.28 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.55 6.19-6.80

These data are based on 94 entries in the past 18 months from 27 different contributors.
Last update: February 2024

Sources and References
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