Home prices
The cost of the median home in Ann Arbor is $323,400. This is roughly $117,520 (57%) higher compared to nearby areas.It is roughly $105,900 (48%) higher in comparison to the entire nation, and is about $274,200 (557%) higher in comparison to the city of Detroit.
Rents
The median rent in Ann Arbor is $1,237 a month. In comparison to other places in this area it is approximately $278 (28%) higher.In comparison to the rest of the country it is roughly $175 (16%) higher, and it is about $413 (50%) higher in comparison to the city of Detroit.
Nearby places
Ypsilanti
Ypsilanti is roughly 5 miles southeast from Ann Arbor. Housing prices there are significantly less expensive. The median home in Ypsilanti costs $151,300, which works out to $172,100 (113%) lower than Ann Arbor. Rent there is a lot less expensive. Ypsilanti's median monthly rent is $854, which works out to $383 (44%) lower than Ann Arbor.
Saline
Saline is roughly 6 miles south from Ann Arbor. Its housing prices are a bit less expensive. The median home in Saline costs $254,300, which is $69,100 (27%) lower than Ann Arbor. The rent there is a bit less expensive. Saline's median rent is $951 per month, which is $286 (30%) lower than Ann Arbor.
Dexter
Dexter is about 7 miles northwest from Ann Arbor. The real estate prices there are a little less expensive. The median home in Dexter costs $300,900, which is $22,500 (7%) lower than Ann Arbor. The rent there is pretty similar. Dexter's median monthly rent is $1,213, which comes out to $24 (1%) lower than Ann Arbor.
Whitmore Lake
Whitmore Lake is about 9 miles north of Ann Arbor. The real estate prices there are significantly less expensive. The median home value in Whitmore Lake is $174,800, which comes out to $148,600 (85%) lower than Ann Arbor. Rent there is somewhat less expensive. Whitmore Lake's median monthly rent is $986, which works out to $251 (25%) lower than Ann Arbor.
Belleville
Belleville is about 11 miles southeast of Ann Arbor. The real estate prices there are substantially less expensive. The median home value in Belleville is $148,100, which works out to $175,300 (118%) lower than Ann Arbor. Rent there is substantially less expensive. The median rent in Belleville is $791 a month, which works out to $446 (56%) lower than Ann Arbor.
