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City · 19,857 residents · Washtenaw County, Michigan

Ypsilanti , Michigan

In Ypsilanti, a typical home is worth $232,700 and typical rent is $1,080 a month. Compared with all of Washtenaw County, typical household income is 48% lower, the typical home value is 38% lower, and the share of households that own their home is 28 points lower.

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  • Typical home value

    $232,700

    38% below the county

    About the same as Michigan

    • Ypsilanti
    • Washtenaw
    • Michigan

  • Typical rent

    $1,080a month

    26% below the county

    4% below Michigan

    • Ypsilanti
    • Washtenaw
    • Michigan

  • Typical household income

    $46,588a year

    48% below the county

    36% below Michigan

    • Ypsilanti
    • Washtenaw
    • Michigan

  • Households that own their home

    33%

    28 points below the county

    40 points below Michigan

    • Ypsilanti
    • Washtenaw
    • Michigan

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

Market now, with Zillow data

Zillow data
Typical home value
$283,616
0.8% more than 12 months ago
Typical rent
$1,296 a month
2.9% more than 12 months ago

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

Ypsilanti 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 Ypsilanti apart

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

  1. Ypsilanti has the lowest homeownership rate of the 179 cities in Michigan with more than 5,000 people: 33%.

  2. The typical household income in Ypsilanti is $46,588, 48% less than in Washtenaw County as a whole ($89,180).

  3. The typical home in Ypsilanti is worth $232,700, 38% less than in Washtenaw County as a whole ($374,100).

  4. Nearby, in Wayne, the typical home value is $157,800: 32% less than in Ypsilanti ($232,700).

  5. The typical rent in Ypsilanti is $1,080 a month, 26% less than in Washtenaw County as a whole ($1,463).

  6. According to Zillow, in the 12 months to September 2026 the typical home value in Ypsilanti rose 0.8%; in Michigan, it rose 3.8%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Ypsilanti

What homes there are in Ypsilanti, 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

In Ypsilanti, the apartment is the most common kind of home: 40%, against 26% in Washtenaw County.

Year built

In Ypsilanti, half of the homes were built before 1956; in Washtenaw County, before 1978.

There are fewer big homes in Ypsilanti than in Washtenaw County: 40% have 3 bedrooms or more, against 61%.

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

At least 97% of owner-occupied homes in Ypsilanti are worth less than $500,000, below the FHA loan limit for Washtenaw County ($541,287).

Monthly rent with utilities

About 88% of rented homes in Ypsilanti cost less than HUD's 2-bedroom fair market rent for Washtenaw County ($1,804).

With a mortgage

$1,719 a month

Washtenaw County: $2,150 a month

Without a mortgage

$624 a month

Washtenaw County: $903 a month

Owners with a mortgage

59%

Washtenaw County: 64%

In Ypsilanti, 59% of owners have a mortgage, and their typical cost is $1,719 a month, against $2,150 in Washtenaw County. Without one it drops to $624.

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, the typical home value in Ypsilanti rose 54%; in Washtenaw County, it rose 42%.

Since 2015–2019, the typical rent in Ypsilanti rose 27%, less than in Washtenaw County (31%).

Here income did not keep up with housing: it rose 18%, while home values changed +54% and rent +27%.

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

MeasureYpsilantiWashtenaw CountyMichiganUnited States
Rental vacancy 4.1%3.7%5.1%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room Unreliable estimate1.4%1.6%3.4%
People per household 1.962.332.422.53
Drive alone 58%59%74%69%
Carpool 8%7%8%9%
Public transit 8%4%1%3%
Walk or bike 6%7%2%3%
Work from home 17%23%14%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Ypsilanti, the rental vacancy rate is 4.1%, about the same as in Washtenaw County.

Fewer people live in each home here: 1.96 on average, against 2.33 in Washtenaw County.

More people ride a bus or train to work in Ypsilanti than in Washtenaw County: 8% against 4%.

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 Ypsilanti?

A typical home costs more than the typical income allows

We start with a typical home in Ypsilanti, worth $232,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 54% of the typical household income in Ypsilanti, which is $46,588 a year. For that payment to be 28% of income, a household would need to earn about $90,360 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 Ypsilanti. 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 $8,145 (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

$2,108

at 7.18% · 30 years

Loan amount
$228,485
Total interest
$328,736
Paid off in
November 2056

Includes $3,930 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,087 a month

  • Tight

    $1,087 to $1,398 a month

  • Hard

    more than $1,398 a month

    Your payment · 54%

Compared with the typical household income in Ypsilanti ($46,588 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,108
Principal & interest$1,548
Property tax$361
Home insurance$97
FHA mortgage insurance (MIP)$103

You need at least $8,145 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

Ypsilanti and Washtenaw County

Ypsilanti 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).

Ypsilanti's own numbers

Typical home value
$232,700
Typical monthly rent
$1,080
Typical yearly household income
$46,588
Households that own their home
33%
Effective property tax rate
1.86%

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 Ypsilanti

A typical home in Ypsilanti is worth $232,700: 38% below the county and about the same as Michigan. With the typical household income in Ypsilanti ($46,588 a year), a typical home costs 5.0 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.

  • Ypsilanti 5.0 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

Ypsilanti 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
  • Ypsilanti $232,700
  • Washtenaw $374,100
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Ypsilanti $1,080
  • Washtenaw $1,463
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Ypsilanti $46,588
  • Washtenaw $89,180
  • Michigan $72,875
  • United States $80,734
See the full table
Ypsilanti next to Washtenaw County and Michigan
Measure Ypsilanti Washtenaw County Michigan U.S.
Typical home value $232,700 $374,100 $231,600 $332,700
Typical monthly rent $1,080 $1,463 $1,129 $1,413
Typical yearly household income $46,588 $89,180 $72,875 $80,734
Households that own their home 33% 62% 73% 65%
Typical yearly property tax $4,331 $5,678 $2,904 $3,119
Effective property tax rate 1.86% 1.52% 1.25% 0.94%
Renters with high rent for their income 58% 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 Ypsilanti

For a typical $232,700 home in Ypsilanti, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ypsilanti's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,108a month

    Least cash to close
    Down payment
    $8,145
    Cash to close
    $15,126
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $103

  • Conventional, 5% down $2,066a month

    Down payment
    $11,635
    Cash to close
    $18,616
    Rate
    7.18%
    Mortgage insurance
    PMI · $111

  • Conventional, 20% down, no PMI $1,719a month

    Down payment
    $46,540
    Cash to close
    $53,521
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,934a month

    Down payment
    $34,905
    Cash to close
    $41,886
    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 Ypsilanti and for Washtenaw County.

Property tax

Effective rate in Ypsilanti

1.86%of the home’s value each year

$4,331 a year for the typical owner in Ypsilanti.

  • Ypsilanti 1.86%
  • 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 Ypsilanti

Typical rent in Ypsilanti is $1,080 a month: 26% below the county. In Ypsilanti, 58% 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 Ypsilanti

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ypsilanti has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,510 in 48198 to $1,630 in 48197.

None is above the fair market rent for Washtenaw County ($1,804).

  • 48197 $1,630$1,960
  • 48198 $1,510$1,810

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ypsilanti 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 Ypsilanti

HUD lists 21 buildings with rents for lower incomes in Ypsilanti. These are the largest.

  • Sycamore Meadows Apartments 8634 Macarthur Blvd, Ypsilanti 48198 262 low-income homes · For families (734) 483-4000
  • Forrest Knoll Apartments 693 Arbor Dr, Ypsilanti 48197 231 low-income homes · For families (734) 485-8040
  • Clark East Towers 1550 E Clark Rd, Ypsilanti 48198 200 homes, 199 low-income · 1 bd: 179 · 2 bd: 21 · In service since 2017 · For older adults, families (734) 482-5511
  • Ford Lake Landing 8753 Spinnaker Way, Ypsilanti 48197 185 homes, 183 low-income · 1 bd: 48 · 2 bd: 97 · 3 bd: 40 · In service since 1996
  • Towne Centre Place 401 W Michigan Ave, Ypsilanti 48197 170 homes, 159 low-income · For older adults (734) 482-5500

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

Free help

Help to buy or rent in Ypsilanti

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 man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Ypsilanti

No down payment, repair or rent-help program on our list is for Ypsilanti or Washtenaw County. The ones below are statewide in Michigan: they work in Ypsilanti 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 Ypsilanti

The HUD-approved agencies closest to the center of Ypsilanti, 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 · 12 miles away

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

  • Greenpath Financial Wellness

    36500 Corporate Dr, Farmington Hills · 20 miles away · Spanish

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

  • Greenpath, Inc.

    36500 Corporate Dr, Farmington Hills · 20 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 Ypsilanti

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 Ypsilanti

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

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 Ypsilanti, 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 Ypsilanti.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Ypsilanti

Short answers with the numbers for Ypsilanti 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 Ypsilanti?

The typical home value in Ypsilanti is $232,700, 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 Ypsilanti?

Typical rent in Ypsilanti is $1,080 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 Ypsilanti?

Ypsilanti 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 Ypsilanti?

The typical homeowner in Ypsilanti pays $4,331 a year, according to the U.S. Census Bureau. That is 1.86% of the home’s value; in Washtenaw County, the rate is 1.52%.

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

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).