Ann Arbor, Michigan.
Typical home $517,346 (+3.0% in a year), asking rent $2,026 (+1.3%). Ann Arbor, MI metro.
to buy the typical home at today's mortgage rate — +$1,333 (+96%) since Jan 2020.
- 1 year
- Up $15,089 +3%
- $502,257$517,346 since Sep 2025
- 5 years
- Up $98,573 +24%
- $418,773$517,346 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.
- Ann Arbor$2,715
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Ann Arbor, MI rose 3.0% over the past year — faster than the nation's +1.2%.
Asking rents in Ann Arbor, MI rose 1.3% over the past year — slower than the nation's +2.7%.
Owning the typical home in Ann Arbor runs $1,897/mo more than renting one — the widest that gap has been in this data.
That is $3,924 a month against $2,026 rent: a $2,715 mortgage payment, plus $654 property tax and $554 insurance & upkeep.
Owning vs renting — Ann Arbor
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.
- Owning all in$3,924
- Renting$2,026
- Mortgage only$2,715
Property tax · $654/mo 1.52% of value a year — the ACS 2020-2024 median bill over the median home value for Washtenaw County, MI
Insurance & upkeep · $554/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.
Living in Ann Arbor, Washtenaw County, Michigan
Ann Arbor is a city of 123,851 people in Washtenaw County. Half its households earn more than $82,212 a year and half less, against $89,180 across Washtenaw County; 24% of its people live below the poverty line. 46% of its homes are lived in by their owners and 54% are rented. Unemployment in Ann Arbor was 3.4% in August 2026, and Washtenaw County had 0.6% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Ann Arbor is a college city, and it shows in who lives there: residents are far younger than in most American towns, and nearly all adults hold a four-year degree. Renters outnumber owners, and incomes sit below the county's, though homes and rents here are costly. Winters are cold and snowy, summers warm, and precipitation is steady through the year.
Work. Most residents work in schools, hospitals and social care, with many others in professional and business services, in restaurants, hotels and entertainment, and in manufacturing. The University of Michigan, its hospitals and health centers, and the Veterans Health Administration are among the largest workplaces in town. Unemployment has eased a little over the past year, the commute is short, and a good many people work from home.
Things to do. Michigan Stadium, one of the best known places in town, is in or beside Ann Arbor, as is the University of Michigan Museum of Art. Nichols Arboretum, a botanical garden, is also close by and suits a long walk. The Automotive Hall of Fame, a museum, is a longer drive away.
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- 50,499households
- 78%of adults have a degree
- 24%below the poverty line
- 20 mintypical commute
- 29%work from home
What residents work in
Employed residents by industry, from the Census survey. Washtenaw County had 219,230 jobs in 2025, 0.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 16°; warmest in July, with highs near 84° and lows near 59°. About 59 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Ann Arbor Southeast weather station, 3 miles away (NOAA).
Largest workplaces in Ann Arbor
- University of Michigan-Ann ArborUniversity or college26,746
- Univ of MI Hospitals & Hlth CtrsGeneral hospital19,158FTE
- Veterans Health AdministrationFederal government · Department of Veterans Affairs3,243
- Ann Arbor Public SchoolsSchool district2,605FTE
- City of Ann ArborMunicipal government953
- Merative USComputer software analysis and design services, custom910
- Center for Forensic PsychiatryPsychiatric hospital605FTE
- Gift of Life MichiganOrgan donor centers, body397
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 64 workplaces with 20 or more staff, 37,429 people in all. Colleges come from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023), federal offices from OPM's federal workforce data (2026) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windrelatively high in parts of Ann ArborRelatively moderate
- Tornadoesrelatively high in parts of Ann ArborRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Ann Arbor’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Washtenaw County and the Ann Arbor, MI metro.
Ann Arbor home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Ann Arbor$517,346
- Michigan$263,760
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Ann Arbor listings, and the typical home goes pending in 21 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Ann Arbor33.30%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Ann Arbor21
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Ann Arbor540
New listings per month
Sellers arriving at the market.
- Ann Arbor168
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Ann Arbor$489,939
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Ann Arbor99.47%
Zip codes with a Ann Arbor address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Ann Arbor — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Ann Arbor
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 48103 | Ann Arbor | 55,054 | $2,050 | $516,940 |
| 48104 | Ann Arbor | 43,979 | $2,048 | $562,676 |
| 48105 | Ann Arbor | 37,048 | $2,339 | $544,970 |
| 48108 | Ann Arbor | 27,666 | $1,584 | $434,139 |