Real Estate Investing in Washtenaw County, Michigan

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

15 ZIP codes • Population: 366,553

Should you buy in Washtenaw County, MI? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
2.9 / 5 (45/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Washtenaw County, MI?

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2.9/ 5

Investability

County-wide average

3.0/ 5

Appreciation

4.2% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $399,700
Avg Monthly Rent $1,740
ZIP Codes 15

Investing in Washtenaw County Real Estate

This is a distressed-leaning county in Michigan: Washtenaw has 10 cities, 15 ZIPs, and investment math that only works for investors with genuine local understanding.

Washtenaw is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state capital should be especially careful with carry-in assumptions.

A 366,553 population and $N/AK household income profile is what makes Washtenaw a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Washtenaw County, MI. Anonymous, moderated, never written by AI.

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Avg Home Value
$399,700
Avg Monthly Rent
$1,740
1% Rule
βœ— Below
Landlord Friendly (MI)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Ann Arbor, MI metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
39%
Days Pending
0/2
35 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Washtenaw County

5 Colleges 77,529 Students 6,143 Off-Campus Renters
A+
University of Michigan-Ann Arbor
4-Year Public Β· 52,065 students
πŸ“ ~1,093 students rent off-campus
C+
Eastern Michigan University
4-Year Public Β· 13,324 students
πŸ“ ~985 students rent off-campus
C
Washtenaw Community College
2-Year Public Β· 10,756 students
πŸ“ ~4,065 students rent off-campus
C
Concordia University Ann Arbor
4-Year Private Β· 1,351 students
D
Ross Medical Education Center-Ann Arbor
Vocational For-Profit Β· 33 students

Investor Insight: With 6,143 students living off-campus, Washtenaw County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Washtenaw County

ZIP Codes in Washtenaw County, MI

48197 β˜… β˜… β˜… β˜… β˜…
Ypsilanti
Population 65,911
Avg Home $350,679
Avg Rent $1,340/mo
48103 β˜… β˜… β˜… β˜… β˜…
Ann Arbor
Population 54,635
Avg Home $535,651
Avg Rent $2,072/mo
48104 β˜… β˜… β˜… β˜… β˜…
Ann Arbor
Population 43,762
Avg Home $587,722
Avg Rent $2,241/mo
48198 β˜… β˜… β˜… β˜… β˜…
Ypsilanti
Population 39,507
Avg Home $228,065
Avg Rent $1,650/mo
48105 β˜… β˜… β˜… β˜… β˜…
Ann Arbor
Population 36,959
Avg Home $563,676
Avg Rent $2,297/mo
48108 β˜… β˜… β˜… β˜… β˜…
Ann Arbor
Population 27,472
Avg Home $449,142
Avg Rent $1,729/mo
48176 β˜… β˜… β˜… β˜… β˜…
Saline
Population 23,325
Avg Home $475,698
Avg Rent $1,957/mo
48130 β˜… β˜… β˜… β˜… β˜…
Dexter
Population 16,849
Avg Home $516,906
Avg Rent $2,400/mo
48160 β˜… β˜… β˜… β˜… β˜…
Milan
Population 14,308
Avg Home $315,867
Avg Rent $1,350/mo
48189 β˜… β˜… β˜… β˜… β˜…
Whitmore Lake
Population 13,748
Avg Home $366,941
Avg Rent $1,702/mo
48118 β˜… β˜… β˜… β˜… β˜…
Chelsea
Population 13,088
Avg Home $420,265
Avg Rent $1,764/mo
48158 β˜… β˜… β˜… β˜… β˜…
Manchester
Population 7,688
Avg Home $381,574
Avg Rent $1,305/mo
49236 β˜… β˜… β˜… β˜… β˜…
Clinton
Population 4,940
Avg Home $281,657
Avg Rent $1,305/mo
48191 β˜… β˜… β˜… β˜… β˜…
Willis
Population 4,253
Avg Home $311,073
Avg Rent $1,575/mo
48190 β˜… β˜… β˜… β˜… β˜…
Milan
Population 108
Avg Home $210,582
Avg Rent $1,422/mo

Screen every market in Washtenaw County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Washtenaw County

How strong is the working-renter base in, MI?

Working renters make up the core of the, MI tenant base. The pool is reasonable for investors targeting long-term holds.

Is, MI a friendly market for rental owners?

Landlord-friendliness in, MI is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Is vacancy a concern in, MI?

Vacancy in, MI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,740/mo.

What is the smart move for investors in, MI?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in, MI. The numbers - $400K homes against $1,740/mo rents - support that play.

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