Ann Arbor, MI Metro Area - Investment Guide
Metro Area • 10 Cities • 15 ZIP Codes
Avg Home Value
$399,700
Avg Monthly Rent
$1,740
Avg Cap Rate
3.56%
Avg Investability
2.9 ★
Cities
10
ZIP Codes
15
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Ann Arbor, MI Metro Area
Even conditions for buyers and sellers
35 days
Average time to sell
Average
10.7%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Ann Arbor, MI
Every ZIP in the metro, ranked four ways. Free.
Cities in Ann Arbor, MI
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 48191 | Willis | MI | $292,736 | $1,575 | 4.20% | |
| 48104 | Ann Arbor | MI | $587,722 | $2,241 | 2.97% | |
| 48158 | Manchester | MI | $378,637 | $1,305 | 2.69% | |
| 48160 | Milan | MI | $309,092 | $1,350 | 3.41% | |
| 48197 | Ypsilanti | MI | $335,049 | $1,483 | 3.45% | |
| 48105 | Ann Arbor | MI | $563,676 | $2,297 | 3.18% | |
| 48176 | Saline | MI | $470,380 | $1,525 | 2.53% | |
| 48198 | Ypsilanti | MI | $215,386 | $1,703 | 6.17% | |
| 48108 | Ann Arbor | MI | $449,142 | $1,729 | 3.00% | |
| 48118 | Chelsea | MI | $420,265 | $1,764 | 3.27% | |
| 48189 | Whitmore Lake | MI | $360,485 | $1,850 | 4.00% | |
| 48103 | Ann Arbor | MI | $508,503 | $2,297 | 3.52% | |
| 49236 | Clinton | MI | $261,216 | $1,305 | 3.90% | |
| 48104 | Ann Arbor | MI | $559,098 | $2,852 | 3.98% | |
| 48191 | Willis | MI | $298,461 | $1,575 | 4.12% | |
| 48105 | Ann Arbor | MI | $541,869 | $2,553 | 3.67% | |
| 48158 | Manchester | MI | $381,574 | $1,305 | 2.67% | |
| 48160 | Milan | MI | $315,867 | $1,350 | 3.33% | |
| 48197 | Ypsilanti | MI | $347,237 | $1,307 | 2.94% | |
| 48108 | Ann Arbor | MI | $432,719 | $2,059 | 3.71% | |
| 48176 | Saline | MI | $475,698 | $1,957 | 3.21% | |
| 48198 | Ypsilanti | MI | $229,213 | $1,488 | 5.06% | |
| 48103 | Ann Arbor | MI | $540,612 | $2,087 | 3.01% | |
| 49236 | Clinton | MI | $272,090 | $1,305 | 3.74% | |
| 48189 | Whitmore Lake | MI | $366,941 | $1,702 | 3.62% | |
| 48104 | Ann Arbor | MI | $593,803 | $2,266 | 2.98% | |
| 48158 | Manchester | MI | $367,494 | $1,305 | 2.77% | |
| 48191 | Willis | MI | $311,073 | $1,575 | 3.95% | |
| 48105 | Ann Arbor | MI | $568,172 | $2,240 | 3.08% | |
| 48160 | Milan | MI | $299,901 | $1,350 | 3.51% | |
| 48176 | Saline | MI | $456,665 | $1,797 | 3.07% | |
| 48197 | Ypsilanti | MI | $350,679 | $1,340 | 2.98% | |
| 48108 | Ann Arbor | MI | $451,326 | $1,887 | 3.26% | |
| 48118 | Chelsea | MI | $424,336 | $1,764 | 3.24% | |
| 48189 | Whitmore Lake | MI | $347,725 | $1,314 | 2.95% | |
| 48103 | Ann Arbor | MI | $509,194 | $2,031 | 3.11% | |
| 48198 | Ypsilanti | MI | $228,065 | $1,650 | 5.64% | |
| 48104 | Ann Arbor | MI | $551,664 | $2,440 | 3.45% | |
| 49236 | Clinton | MI | $281,657 | $1,305 | 3.61% | |
| 48191 | Willis | MI | $292,001 | $1,575 | 4.21% | |
| 48105 | Ann Arbor | MI | $539,521 | $2,298 | 3.32% | |
| 48158 | Manchester | MI | $385,560 | $1,305 | 2.64% | |
| 48160 | Milan | MI | $316,425 | $1,350 | 3.33% | |
| 48197 | Ypsilanti | MI | $337,669 | $1,226 | 2.83% | |
| 48108 | Ann Arbor | MI | $430,362 | $2,047 | 3.71% | |
| 48118 | Chelsea | MI | $401,277 | $1,764 | 3.43% | |
| 48176 | Saline | MI | $477,317 | $1,908 | 3.12% | |
| 48198 | Ypsilanti | MI | $224,870 | $1,586 | 5.50% | |
| 49236 | Clinton | MI | $261,779 | $1,305 | 3.89% | |
| 48189 | Whitmore Lake | MI | $365,561 | $1,635 | 3.49% |
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About Ann Arbor, MI Real Estate Market
The Ann Arbor, MI metropolitan statistical area (MSA) encompasses 10 cities and 15 ZIP codes. The average home value across the metro is $399,700, with an average monthly rent of $1,740. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.