Ann Arbor, MI Real Estate
According to census data in the year 2000 there were 47,214 housing units in Ann Arbor.
This represents a 7.3% growth from 44,010 in 1990.
Of those housing units, 47,214 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ann Arbor is about 45.2%.
Ann Arbor's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Ann Arbor were built after 1965.
|Housing Units by Size|
|Five Bedrooms or more||3.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.41|
|Median year structure was built||1961|
|Median Value of occupied units||$181,400|
|Median Price asked for vacant units||$188,300|
Rented Homes, Apartments and Condos
|Average Household Size||2.07|
|Median year structure was built||1968|
|Median Monthly Rent asked for vacant units||$828|
Owners Finance Status
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||12.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.3%|