Zip lookup · MI

48197
Ypsilanti, Michigan.

Ypsilanti, Washtenaw County, MI · Ann Arbor, MI metro · population 66,525

What it costs per month · 48197 $1,797/mo

to buy the typical home at today's mortgage rate — +$925 (+106%) since Jan 2020.

What the home itself did
1 year
Up $3,347 +1%
$338,936$342,282 since Sep 2025
5 years
Up $61,381 +22%
$280,901$342,282 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 48197 $1,797 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 48197$1,797
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 18 years.

Typical home values in zip 48197 rose 1.0% over the past year — slower than the nation's +1.2%.

Asking rents in zip 48197 rose 2.0% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 48197 runs $1,369/mo more than renting one. The gap peaked at $1,432 in Oct 2023.

That is $2,596 a month against $1,227 rent: a $1,797 mortgage payment, plus $433 property tax and $366 insurance & upkeep.

Owning vs renting — zip 48197

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,000 $1,500 $2,000 $2,500 2018 2020 2022 2024 2026 Owning all in $2,596 Renting $1,227 Mortgage only $1,797
$1,000 $1,500 $2,000 $2,500 2018 2022 2026
  • Owning all in$2,596
  • Renting$1,227
  • Mortgage only$1,797

Property tax · $433/mo 1.52% of value a year — the ACS 2020-2024 median bill over the median home value for Washtenaw County, MI

Insurance & upkeep · $366/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Ypsilanti, MI — measured over the city limits, which is a different area from this zip.

Asking rent $1,227 as of Sep 2026
+2.0%year on year
Typical home value $342,282 as of Sep 2026
+1.0%year on year

Asking rent — 48197

Against the Ann Arbor, MI metro and the national benchmark.

$1,000 $1,500 $2,000 2018 2020 2022 2024 2026 48197 $1,227 Ann Arbor $1,917 United States $1,932
$1,000 $1,500 $2,000 2018 2022 2026
  • 48197$1,227
  • Ann Arbor$1,917
  • United States$1,932

Typical home value — 48197

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 2018 2020 2022 2024 2026 48197 $342,282 Ann Arbor $411,985 United States $366,157
$200,000 $300,000 $400,000 2018 2022 2026
  • 48197$342,282
  • Ann Arbor$411,985
  • United States$366,157

Within 20 miles

Showing 30 of 38 zips in range — sorting picks from all 38.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
4.7 48190 Whittaker 76 — $231,362
5.5 48108 Ann Arbor 27,666 $1,584 $434,139
5.8 48198 Ypsilanti 39,244 $1,640 $222,613
6.3 48191 Willis 4,403 — $302,010
6.4 48104 Ann Arbor 43,979 $2,048 $562,676
7.3 48111 Belleville 44,709 $1,439 $307,227
8.3 48160 Milan 13,972 — $308,284
9.5 48188 Canton 45,665 $1,974 $406,927
10.0 48176 Saline 23,451 $2,027 $464,849
10.0 48105 Ann Arbor 37,048 $2,339 $544,970
11.6 48187 Canton 53,376 $1,875 $395,336
11.7 48103 Ann Arbor 55,054 $2,050 $516,940
12.4 48159 Maybee 2,578 — $289,104
12.8 48170 Plymouth 40,076 $1,550 $475,084
13.0 48164 New Boston 9,576 — $343,924
13.1 48184 Wayne 17,348 $1,166 $171,708
14.1 48174 Romulus 32,211 $1,518 $216,230
14.7 48186 Westland 35,103 $1,306 $197,449
15.1 48168 Northville 25,038 $2,648 $652,361
15.2 48117 Carleton 10,262 — $335,118
15.7 48185 Westland 48,530 $1,295 $222,635
16.2 48131 Dundee 8,637 — $296,380
16.8 48189 Whitmore Lake 13,893 $1,723 $359,840
17.1 48167 Northville 24,713 $1,671 $491,966
17.1 48135 Garden City 26,739 $1,711 $201,501
17.2 48178 South Lyon 37,789 $1,652 $472,962
17.4 48141 Inkster 25,428 $1,211 $105,594
17.5 49229 Britton 3,540 — $285,917
17.7 48150 Livonia 26,687 $1,974 $277,983
17.7 48130 Dexter 16,986 $2,400 $508,425

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.