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Ann Arbor city, MI

ZIP 48105 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48105

Median Home Value
$485,600
Median Rent
$1,493
Affordability Snapshot
$134,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,119/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48105 in Ann Arbor city, MI, a household would need roughly $134,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,119. That is about 41% above the local median household income ($94,737), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
51.2%-22% vs US avg
x
Vacancy Rate
7.8%-25% vs US avg
x
Broadband Access
92.4%+6% vs US avg
x
4+ Bedrooms
6.3%-58% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
3.5%-50% vs US avg
x
Rent Burden >30%
26.3%-47% vs US avg
x
Mortgage-Free
43.0%+13% vs US avg
x
$485,600
Home Value
$1,493
Rent
1982
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached41.4%
  • 1-unit attached16.3%
  • 2-9 units20.8%
  • 10+ units21.3%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$485,600
Median rent$1,493
Owner-occupied51.2%
Vacant7.8%
Price-to-income5.1x
Est. income to buy$134,000