Ann Arbor, MI Housing Market: Home Prices & Rent
Ann Arbor, MI home values since 2000
Last few years
Rent in Ann Arbor, MI
Owning vs renting, monthly
Buying the typical Ann Arbor, MI home with 20% down at this week's 7.32% 30-year rate costs about $2,779/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,917/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Ann Arbor, MI vs Michigan vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $412k | +2.4% | $1,917/mo |
| Michigan | $264k | +3.8% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Ann Arbor, MI?
No - the typical Ann Arbor, MI-area home value is up 2.4% over the past 12 months, at $412k (September 2026).
Is the Ann Arbor, MI housing market crashing?
Home values are close to their 2020s high and up 2.4% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Ann Arbor, MI?
Typical rent in the Ann Arbor, MI metro is $1,917 a month (September 2026), +1.8% over 12 months.
How much income do you need to buy a home in Ann Arbor, MI?
About $118k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Detroit, MI · Grand Rapids, MI · Flint, MI · Austin, TX · Billings, MT · Spokane, WA · Idaho Falls, ID
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Ann Arbor, MI metro area. How we calculate.