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Example household · $83,730 · same pay · 1 adult

Ann Arbor

Housing in Ann Arbor, MI: Rent, Home Prices & Property Tax

$2,043 left/mo

$1,492/mo (1 bd) in Ann Arbor. Median home $353,000. Property tax 1.56%.

Pick a home cityHow we figure this
Rent (1-bedroom)
$1,492
/mo
Buy
$2,707
Mortgage, tax, insurance
Buying costs more
$1,215
/mo

To buy

  • 20% down payment$70,600
  • Mortgage at 7.24%$1,925
  • Property tax (1.56% of value)$459/mo · $5,507/yr
  • Insurance and upkeep$324
  • Monthly total$2,707

Months to 20% down

$2,043 left each month. About 35 months (2.9 years) to save $70,600.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

Moving from Ann Arbor

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Pay and leftover for every job in Ann Arbor

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