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Ann Arbor city, MI

ZIP 48104 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48104

Median Home Value
$481,600
Median Rent
$1,450
Affordability Snapshot
$133,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,094/mo PITI).

27%
Rent-to-Income Ratio

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

7.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.7 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 48104 in Ann Arbor city, MI, a household would need roughly $133,000 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 $3,094. That is about 110% above the local median household income ($63,341), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
36.1%-45% vs US avg
x
Vacancy Rate
9.3%-10% vs US avg
x
Broadband Access
92.8%+7% vs US avg
x
4+ Bedrooms
10.0%-32% vs US avg
x
Built Pre-1939
6.7%-47% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
43.8%-12% vs US avg
x
Mortgage-Free
38.3%+0% vs US avg
x
$481,600
Home Value
$1,450
Rent
1965
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

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

  • 1-unit detached37.3%
  • 1-unit attached6.4%
  • 2-9 units26.2%
  • 10+ units29.7%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$481,600
Median rent$1,450
Owner-occupied36.1%
Vacant9.3%
Price-to-income7.6x
Est. income to buy$133,000