Ann Arbor
Michigan · Ranked #176 of 373 metros
77Affordable
💡
Housing in Ann Arbor costs 4.3× the median income, below the national average of 4.5×. The median home price is $360K and median rent is $1,451/month. Ann Arbor ranks #176 of 373 metros for affordability.
Median Home Price
🏠$360K
Need $107K income
Median Rent
🔑$1,451
Need $58K income
Building Permits
🔨1,193
annual
Median Income
💰$84K
Pop: 377,929
Rent Burden
⚠️31.6%
of renters paying >30%
Homeownership
🏡63.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Ann Arbor | National |
|---|---|---|
| Price-to-Income Ratio | 4.3x | 6.1x |
| Rent Burden | 31.6% | 31.5% |
| Homeownership Rate | 63.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +49.5%Since 2000: +117.9%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,365/mo
1 Bedroom$1,387/mo
2 Bedroom$1,656/mo
3 Bedroom$1,986/mo
4 Bedroom$2,193/mo
Zillow Market Data
Home Value (ZHVI)
$406K
1yr: +2.0%5yr: +25.0%
Rent (ZORI)
$2,039/mo
1yr: +1.1%5yr: +29.6%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$295K
Active Inventory
189
Days on Market
64
Sold Above List
14.0%
Price Drops
15.9%