Foreclosures in Ann Arbor, MI 48104

Current Market Conditions in Ann Arbor, MI

The Ann Arbor real estate market has shown a steady increase in home prices due to its desirable location and strong demand driven by the university community. Inventory levels have remained low, which has contributed to intense competition among buyers, often leading to multiple offers on properties.

Recent trends indicate a shift towards greater interest in family-friendly suburban areas surrounding the city as remote work options allow more flexibility. This could alter the dynamics of the market as families seek larger homes with more space.

Rent Prices In Ann Arbor, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ann Arbor, MI, is on a rollercoaster ride. The average rent price in Ann Arbor, MI, is $2,166.00. Indeed, when looking to rent in Ann Arbor, MI, you can expect to pay as little as $610.00 or as much as $5,280.00, with the average rent median estimated to be $2,080.00. The good news is that finding an affordable and desirable property to rent in Ann Arbor, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.