Most Affordable ZIP Codes in Ann Arbor, MI (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 48198 | Ypsilanti, MI | $228,065 | $1,650 | 5.64% | 5.5% |
| 2 | 49236 | Clinton, MI | $281,657 | $1,305 | 3.61% | 5.2% |
| 3 | 48191 | Willis, MI | $311,073 | $1,575 | 3.95% | 3.5% |
| 4 | 48160 | Milan, MI | $315,867 | $1,350 | 3.33% | 4.7% |
| 5 | 48197 | Ypsilanti, MI | $350,679 | $1,340 | 2.98% | 5.0% |
| 6 | 48189 | Whitmore Lake, MI | $366,941 | $1,702 | 3.62% | 4.7% |
| 7 | 48158 | Manchester, MI | $381,574 | $1,305 | 2.67% | 3.7% |
| 8 | 48118 | Chelsea, MI | $420,265 | $1,764 | 3.27% | 2.0% |
| 9 | 48108 | Ann Arbor, MI | $449,142 | $1,729 | 3.00% | 5.2% |
| 10 | 48176 | Saline, MI | $475,698 | $1,957 | 3.21% | 3.7% |
| 11 | 48103 | Ann Arbor, MI | $535,651 | $2,072 | 3.02% | 4.6% |
| 12 | 48105 | Ann Arbor, MI | $563,676 | $2,297 | 3.18% | 4.4% |
| 13 | 48104 | Ann Arbor, MI | $587,722 | $2,241 | 2.97% | 5.2% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Ann Arbor, MI · Appreciation in Ann Arbor, MI
Or see the full Ann Arbor, MI metro profile.