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City · 122,036 residents · Washtenaw County, Michigan

Ann Arbor , Michigan

In Ann Arbor, a typical home is worth $453,400 and typical rent is $1,649 a month. Compared with all of Washtenaw County, the typical home value is 21% higher, typical rent is 13% higher, and the share of households that own their home is 16 points lower.

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  • Typical home value

    $453,400

    21% above the county

    96% above Michigan

    • Ann Arbor
    • Washtenaw
    • Michigan

  • Typical rent

    $1,649a month

    13% above the county

    46% above Michigan

    • Ann Arbor
    • Washtenaw
    • Michigan

  • Typical household income

    $82,212a year

    8% below the county

    13% above Michigan

    • Ann Arbor
    • Washtenaw
    • Michigan

  • Households that own their home

    45%

    16 points below the county

    28 points below Michigan

    • Ann Arbor
    • Washtenaw
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$517,346
3% more than 12 months ago
Typical rent
$2,026 a month
1.3% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Ann Arbor is in Washtenaw County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Washtenaw County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Ann Arbor apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Ypsilanti, the typical home value is $232,700: 49% less than in Ann Arbor ($453,400).

  2. Nearby, in Saline, the typical rent is $1,054: 36% less than in Ann Arbor ($1,649).

  3. Ann Arbor has the 9th highest typical home value of the 179 cities in Michigan with more than 5,000 people ($453,400).

  4. 45% of households in Ann Arbor own their home, against 62% in Washtenaw County.

  5. Ann Arbor has the 10th highest typical rent of the 175 cities in Michigan with more than 5,000 people ($1,649).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Ann Arbor

What homes there are in Ann Arbor, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Homes in Ann Arbor are varied: detached houses are the largest group, at 42%, against 57% in Washtenaw County.

Year built

The typical home in Ann Arbor was built in 1971, 7 years before the typical one in Washtenaw County.

In Ann Arbor, 21% of homes have 1 bedroom or none (studios); 50% have 3 bedrooms or more, against 61% in Washtenaw County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA loan, the cap for Washtenaw County is $541,287. About 65% of owner-occupied homes in Ann Arbor are worth less than that.

Monthly rent with utilities

About 59% of rented homes in Ann Arbor cost less than HUD's 2-bedroom fair market rent for Washtenaw County ($1,804); the rest cost more.

With a mortgage

$2,436 a month

Washtenaw County: $2,150 a month

Without a mortgage

$1,036 a month

Washtenaw County: $903 a month

Owners with a mortgage

62%

Washtenaw County: 64%

In Ann Arbor, 62% of owners have a mortgage, and their typical cost is $2,436 a month, against $2,150 in Washtenaw County. Without one it drops to $1,036.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Ann Arbor rose at about the same pace as in Washtenaw County: 40% against 42%.

Much as in Washtenaw County, the typical rent in Ann Arbor rose 33% since 2015–2019.

The typical household income in Ann Arbor rose 25%: less than home values (+40%) and rent (+33%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAnn ArborWashtenaw CountyMichiganUnited States
Rental vacancy 3.9%3.7%5.1%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room 1.5%1.4%1.6%3.4%
People per household 2.192.332.422.53
Drive alone 43%59%74%69%
Carpool 5%7%8%9%
Public transit 7%4%1%3%
Walk or bike 15%7%2%3%
Work from home 29%23%14%15%
Other means 1%1%1%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Open rentals in Ann Arbor look like those in Washtenaw County: the rental vacancy rate is 3.9%.

Much as in Washtenaw County, 1.5% of households in Ann Arbor have more than one person per room.

Fewer people live in each home here: 2.19 on average, against 2.33 in Washtenaw County.

Many here get to work on foot or by bike: 15%, more than in Washtenaw County (7%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Ann Arbor?

A typical home costs more than the typical income allows

We start with a typical home in Ann Arbor, worth $453,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 59% of the typical household income in Ann Arbor, which is $82,212 a year. For that payment to be 28% of income, a household would need to earn about $173,146 a year.

The calculator's FHA and conventional loan limits are those of all of Washtenaw County.

Your numbers

Local data
$

Starts at the typical home value in Ann Arbor. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,869 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,040

at 7.18% · 30 years

Loan amount
$445,188
Total interest
$640,521
Paid off in
November 2056

Includes $7,657 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,918 a month

  • Tight

    $1,918 to $2,466 a month

  • Hard

    more than $2,466 a month

    Your payment · 59%

Compared with the typical household income in Ann Arbor ($82,212 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,040
Principal & interest$3,016
Property tax$635
Home insurance$189
FHA mortgage insurance (MIP)$201

You need at least $15,869 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Ann Arbor and Washtenaw County

Ann Arbor is in Washtenaw County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Ann Arbor's own numbers

Typical home value
$453,400
Typical monthly rent
$1,649
Typical yearly household income
$82,212
Households that own their home
45%
Effective property tax rate
1.68%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Washtenaw County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,804
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
0.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Washtenaw County.

Everything about Washtenaw County

Buying

Buying a home in Ann Arbor

A typical home in Ann Arbor is worth $453,400: 21% above the county and 96% above Michigan. With the typical household income in Ann Arbor ($82,212 a year), a typical home costs 5.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Ann Arbor 5.5 years
  • Washtenaw 4.2 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Washtenaw County

According to FHFA’s house price index, home prices in Washtenaw County rose 85% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Washtenaw County.

Period County Michigan U.S.
Last year (2025) +4.2% +4.7% +2.9%
5 years (2020–2025) +44% +52% +47%
10 years (2015–2025) +85% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Ann Arbor next to Washtenaw County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Ann Arbor $453,400
  • Washtenaw $374,100
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Ann Arbor $1,649
  • Washtenaw $1,463
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Ann Arbor $82,212
  • Washtenaw $89,180
  • Michigan $72,875
  • United States $80,734
See the full table
Ann Arbor next to Washtenaw County and Michigan
Measure Ann Arbor Washtenaw County Michigan U.S.
Typical home value $453,400 $374,100 $231,600 $332,700
Typical monthly rent $1,649 $1,463 $1,129 $1,413
Typical yearly household income $82,212 $89,180 $72,875 $80,734
Households that own their home 45% 62% 73% 65%
Typical yearly property tax $7,636 $5,678 $2,904 $3,119
Effective property tax rate 1.68% 1.52% 1.25% 0.94%
Renters with high rent for their income 60% 56% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Washtenaw County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Ann Arbor

For a typical $453,400 home in Ann Arbor, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ann Arbor's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,040a month

    Least cash to close
    Down payment
    $15,869
    Cash to close
    $29,471
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $201

  • Conventional, 5% down $3,957a month

    Down payment
    $22,670
    Cash to close
    $36,272
    Rate
    7.18%
    Mortgage insurance
    PMI · $215

  • Conventional, 20% down, no PMI $3,281a month

    Down payment
    $90,680
    Cash to close
    $104,282
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,700a month

    Down payment
    $68,010
    Cash to close
    $81,612
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Ann Arbor and for Washtenaw County.

Property tax

Effective rate in Ann Arbor

1.68%of the home’s value each year

$7,636 a year for the typical owner in Ann Arbor.

  • Ann Arbor 1.68%
  • Washtenaw 1.52%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Washtenaw County

FEMA does not publish these numbers by city: they are for all of Washtenaw County.

Homes in the high-risk zone
0.7%
799
Of those, with NFIP insurance
25%
County Michigan U.S.
Homes in the high-risk zone 0.7% 1.6% 3.5%
Of those, with NFIP insurance 25% 18% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Ann Arbor

Typical rent in Ann Arbor is $1,649 a month: 13% above the county. In Ann Arbor, 60% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Washtenaw County, by unit size. To pay the 2-bedroom one ($1,804 a month) without spending more than 30% of your income, you would need to earn $34.69 an hour working full time.

HUD fair market rent for all of Washtenaw County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,458 $28.04 $58,320
1 bedroom $1,503 $28.90 $60,120
2 bedrooms $1,804 $34.69 $72,160
3 bedrooms $2,164 $41.62 $86,560
4 bedrooms $2,371 $45.60 $94,840

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Ann Arbor

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ann Arbor has 4 ZIP codes with their own.

For 2 bedrooms it runs from $2,070 in 48105 to $2,260 in 48103.

4 of the 4 are above the fair market rent for Washtenaw County ($1,804).

  • 48103 $2,260$2,710
  • 48104 $2,140$2,570
  • 48105 $2,070$2,480
  • 48109 $2,110$2,530

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ann Arbor when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Ann Arbor

HUD lists 22 buildings with rents for lower incomes in Ann Arbor. These are the largest.

  • Parkway Meadows 2575 Sandalwood Cir, Ann Arbor 48105 350 low-income homes · 1 bd: 207 · 2 bd: 107 · 3 bd: 36 · In service since 2016 · For older adults, families
  • Parkway Meadows 2367 Sandalwood Cir, Ann Arbor 48105 350 homes, 349 low-income · For older adults (734) 662-5055
  • Cranbrook Tower Apartments 2901 Northbrook Pl, Ann Arbor 48103 202 low-income homes · 1 bd: 182 · 2 bd: 20 · In service since 2017 · For older adults (734) 668-8914
  • Lakestone Apts 4275 Eyrie Dr, Ann Arbor 48103 144 low-income homes · 1 bd: 32 · 2 bd: 72 · 3 bd: 40 · In service since 1998 · For families (734) 665-1695
  • Maple Tower 727 Miller Ave, Ann Arbor 48103 135 low-income homes · 1 bd: 101 · 2 bd: 15 · 3 bd: 14 · 4 bd: 5 · In service since 2015

See all 50 buildings in Washtenaw County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Ann Arbor

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Washtenaw County; none says it serves in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Ann Arbor

No down payment, repair or rent-help program on our list is for Ann Arbor or Washtenaw County. The ones below are statewide in Michigan: they work in Ann Arbor the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Ann Arbor

The HUD-approved agencies closest to the center of Ann Arbor, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Michigan State University Extension Service-Washtenaw

    705 N Zeeb Rd, Ann Arbor · 6 miles away

    • Budget and credit workshops
    • Homebuyer education workshops
    (734) 997-1678

  • Greenpath Financial Wellness

    36500 Corporate Dr, Farmington Hills · 22 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (800) 550-1961

  • Greenpath, Inc.

    36500 Corporate Dr, Farmington Hills · 22 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (888) 860-4167

Every agency in Washtenaw County All counseling agencies in Michigan

Help in Spanish near Ann Arbor

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Ann Arbor

HUD’s record names them for Ann Arbor or Washtenaw County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Ann Arbor Housing Commission Public housing and Section 8 vouchers (734) 794-6721

One other authority has an office in Washtenaw County: see the list Source: HUD

Cities

Other cities in Washtenaw County

These cities are also in Washtenaw County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Washtenaw County Housing in Michigan

Nearby cities

The cities closest to Ann Arbor, with the typical home value.

Neighboring counties

If Washtenaw County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Ann Arbor.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Ann Arbor

Short answers with the numbers for Ann Arbor and all of Washtenaw County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Ann Arbor?

The typical home value in Ann Arbor is $453,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Washtenaw County it is $374,100.

How much does it cost to rent in Ann Arbor?

Typical rent in Ann Arbor is $1,649 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Washtenaw County is $1,804.

What is the FHA loan limit in Ann Arbor?

Ann Arbor uses the FHA limit for all of Washtenaw County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Ann Arbor?

The typical homeowner in Ann Arbor pays $7,636 a year, according to the U.S. Census Bureau. That is 1.68% of the home’s value; in Washtenaw County, the rate is 1.52%.

Where can I find free help to buy or rent in Ann Arbor?

There is 1 HUD-approved counseling agency with an office in Washtenaw County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).