The housing market in 48108 Ann Arbor, MI is quite strong. The median value of houses in this area is $372,100, which is higher than the US median of $338,100. Furthermore, the one year appreciation rate for housing has been 8.47%, slightly higher than the national rate of 8.27%. This indicates that buying a house in Ann Arbor is a great investment and will likely appreciate significantly over time. With such strong housing values and appreciation rates, it is no wonder why Ann Arbor remains a popular destination for those looking to buy a home.
The median home cost in Ann Arbor (zip 48108) is $372,100. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Ann Arbor (zip 48108) is up 13.1%.
Average Age of Homes
- The median age of Ann Arbor (zip 48108) real estate is 37 years old
The Rental Market in Ann Arbor (zip 48108)
- Renters make up 47.4% of the Ann Arbor (zip 48108) population
- 1.3% of houses and apartments in Ann Arbor (zip 48108), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.