Ann Arbor - MI housing market
The Ann Arbor metro has a typical home value of $411,985, up 2.4% from a year ago. Homes are moving fast at 17 days on market, a strong seller's market. 31% of listings have had a price cut. Data from Zillow Research, updated monthly.
Ann Arbor housing market, October 2026
The typical Ann Arbor home is worth $411,985 as of September 2026, up 0.0% from the prior month, up 0.0% over three months, and up 2.4% from a year ago. Over the past two years values have ranged from $397,108 to $412,541.
Homes are going pending in about 17 days, slower than the 7 days seen three months earlier. There are roughly 1,090 homes for sale, 23% more than a year ago. 31.0% of listings have taken a price cut (up from 21.3% three months ago).
Typical rent is $1,917 a month, up 2.4% year over year, which puts the price-to-rent ratio at 17.9.
At this week's 7.40% mortgage rate with 20% down ($82,397), the typical Ann Arbor home costs about $2,797 a month including tax and insurance, which needs a household income of roughly $119,900 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($411,985) is the Zillow Home Value Index for the Ann Arbor - MI metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.4% over the past year. In Ann Arbor - MI, that means a home worth $402,329 last year is now worth roughly $411,985.
The median sale price, what homes actually close for, is $396,619. Homes are selling at 99.8% of list price, meaning buyers have room to negotiate.
Homes listed in Ann Arbor - MI sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.
About 31.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 384 new listings hit the market each month in Ann Arbor - MI. There are currently 1,090 homes for sale, up 22.9% from a year ago.
The typical monthly rent in Ann Arbor - MI is $1,917, up 2.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.9x, toss-up (#77 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,282 a month in principal and interest, $365 more than renting before taxes, insurance and upkeep. The two break even at a 5.72% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in MI
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Detroit - MI | $264,316 | +1.8% | 15.0d |
| Grand Rapids - MI | $355,636 | +4.9% | 10.0d |
| Lansing - MI | $246,267 | +3.6% | 13.0d |
| Flint - MI | $195,732 | +4.1% | 14.0d |
| Kalamazoo - MI | $274,078 | +4.4% | 15.0d |