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Ypsilanti city, MI

ZIP 48197 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48197

Median Home Value
$274,100
Median Rent
$1,084
Affordability Snapshot
$75,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,761/mo PITI).

18%
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.

21.1 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 48197 in Ypsilanti city, MI, a household would need roughly $75,000 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 $1,761. That is roughly in line with the local median household income ($70,913). 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
53.5%-18% vs US avg
x
Vacancy Rate
4.7%-55% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
27.4%-45% vs US avg
x
Mortgage-Free
33.2%-13% vs US avg
x
$274,100
Home Value
$1,084
Rent
1981
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached48.8%
  • 1-unit attached3.6%
  • 2-9 units20.7%
  • 10+ units22.0%
  • Mobile home & other4.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$274,100
Median rent$1,084
Owner-occupied53.5%
Vacant4.7%
Price-to-income3.9x
Est. income to buy$75,000