Home Value Estimator For Ann Arbor, MI
There are currently 41,809 real estate properties
in Ann Arbor, MI,
with a median automated valuation model (AVM) price
of $525,786.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ann Arbor, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Ann Arbor, MI,
is $593,552.00, with the most expensive house
in Ann Arbor, MI, topping out
at $19,408,600.00 and the cheapest home
in Ann Arbor, MI,
clocking in at $20,278.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ann Arbor, MI!
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.