Ann Arbor housing market
Typical home value
$412K
▲ 2.4% 1 yr
Typical rent
$1,917/mo
▲ 1.8% 1 yr
12-month forecast
+2.4%
#215 of 546 metros
Gross rent yield
5.6%
#329 of 546 · U.S. 6.3%
Days to pending
34 days
▲ +1 day 1 yr
Listings with a price cut
31%
▲ +2.3 pts 1 yr
Key takeaways
- 1The typical home is worth $411,985, up 2.4% in a year and up 19% over five years.
- 2Zillow forecasts home values rising 2.4% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,917/mo (+1.8% YoY), a 5.6% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,264/mo in principal and interest, $347 more than renting.
- 5Homes go under contract in 34 days (+1 day vs last year); 31% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 35/100, #356 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Ann Arbor compares
| Measure | Ann Arbor | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.4% | +1.2% | #261 |
| Home value, 5-yr change | +19.5% | +19.7% | |
| 12-month forecast | +2.4% | +1.1% | #215 |
| Rent, 1-yr change | +1.8% | +2.7% | #423 |
| Gross rent yield | 5.6% | 6.3% | #329 |
| Price-to-rent ratio | 17.9 | 15.8 | |
| Mortgage P&I on typical home | $2,264 | $2,012 | |
| Income needed to buy | $118,081 | $100,902 | |
| Days to pending | 34 | 56 |
Cities in the Ann Arbor metro
2 cities with home value and rent data.
Run the numbers
Rental property calculator
Cash flow on a typical Ann Arbor rental ($412K, $1,917/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Ann Arbor home.
Rent vs buy
Is it cheaper to rent or buy in Ann Arbor?
Renting out a property in Michigan? See deposit limits, late fee rules and notice periods.
Other Michigan metros
Detroit, MI
$264K home$1,514 rent6.9% yield
▲ 1.8% 1 yr
Grand Rapids, MI
$356K home$1,614 rent5.4% yield
▲ 4.9% 1 yr
Lansing, MI
$246K home$1,302 rent6.3% yield
▲ 3.6% 1 yr
Flint, MI
$196K home$1,041 rent6.4% yield
▲ 4.1% 1 yr
Kalamazoo, MI
$274K home$1,287 rent5.6% yield
▲ 4.4% 1 yr
Saginaw, MI
$175K home$1,055 rent7.2% yield
▲ 5.4% 1 yr
Muskegon, MI
$255K home$1,288 rent6.1% yield
▲ 4.3% 1 yr
Jackson, MI
$225K home$1,185 rent6.3% yield
▲ 2.6% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.