Ann Arbor, MI home prices
Typical home $411,985 · +2.4% in a year · income needed $126,200
The Ann Arbor, MI metro area ranks 137 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.4% in a year and +19.5% over five years. With 20% down at 7.11%, the typical home costs about $2,944 a month including 1.52% property tax (Washtenaw County rate).
Mortgage on the typical Ann Arbor home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $82,397 | $329,588 | $2,217 | $0 | $727 | $2,944 | $126,200 |
| 10% down | $41,198 | $370,786 | $2,494 | $154 | $727 | $3,376 | $144,700 |
| 5% down | $20,599 | $391,385 | $2,633 | $163 | $727 | $3,523 | $151,000 |
| 3.5% down (FHA) | $14,419 | $404,523 | $2,721 | $182 | $727 | $3,631 | $155,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.52% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Ann Arbor area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Washtenaw County, MI | $411,983 | +2.4% | 1.52% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Ann Arbor?
The typical home in the Ann Arbor, MI metro area is worth $411,985 (Zillow, September 2026).
What salary do you need to buy a house in Ann Arbor?
About $126,200 a year for the typical home with 20% down at 7.11%.