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Ann Arbor city, MI

ZIP 48103 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48103

Median Home Value
$455,100
Median Rent
$1,621
Affordability Snapshot
$125,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,923/mo PITI).

17%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.4 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 48103 in Ann Arbor city, MI, a household would need roughly $125,000 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 $2,923. That is roughly in line with the local median household income ($115,513). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.2%+1% vs US avg
x
Vacancy Rate
5.1%-50% vs US avg
x
Broadband Access
95.5%+10% vs US avg
x
4+ Bedrooms
5.5%-63% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
1.4%-79% vs US avg
x
Rent Burden >30%
23.1%-53% vs US avg
x
Mortgage-Free
36.4%-5% vs US avg
x
$455,100
Home Value
$1,621
Rent
1976
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached61.5%
  • 1-unit attached5.4%
  • 2-9 units15.2%
  • 10+ units13.9%
  • Mobile home & other4.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$455,100
Median rent$1,621
Owner-occupied66.2%
Vacant5.1%
Price-to-income3.9x
Est. income to buy$125,000