Ann Arbor, MI has a population of 119,303, while the median age is 28. The household income in Ann Arbor, MI is around $61,247. The homeownership rate among the residents is 46%. The median residential property value in Ann Arbor, MI that you should keep in mind is $271,600.
Population | 119,303 |
Median Age | 27.5 |
Poverty Rate | 22% |
Household Income | $61,247 |
Number Of Employees | 61,445 |
Median Property Value | $271,600 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $1,976 | -52.1% |
1-bed apartments | $2,252 | -39.7% |
2-bed apartments | $2,539 | -56.5% |
3-bed apartments | $5,226 | -56.9% |
4+ bed apartments | $11,942 | -51.8% |
Over the May 2023, the average rent for an apartment in/near Ann Arbor, MI decreased by 58% to $4,902.
Compared to the last month, the average price for a rental studio in Ann Arbor, MI has decreased by 52.1%. You can expect to rent the studio for $1,976 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 39.7% to $2,252. Pricing for 2-bed apartment also decreased by 56.5% and a place of this size will now cost you $2,539. 3-bed apartment rent pricing starts at $5,226, it decreased by 56.9% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 51.8% and made it down to $11,942.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $10,491 | -43.4% |
Condos for rent | $2,304 | -36.5% |
Apartments for rent | $2,533 | -25.7% |
Rooms for rent | $750 | +1.8% |
The median rent for an apartment in Ann Arbor, MI decreased by 25.7% to $2,533. Statistics show that house rent price decreased by 43.4% this month making it up to $10,491. Condos faced an upward trend these days. The median rent for a condo decreased by 36.5%, it’s now available for $2,304. An average room will now go for $750, the median rent price for a room increased by 1.8%. Townhouse rent pricing didn’t change, the price still starts at $5,570.