How much does it cost to buy a house in Ann Arbor, MI?

In May 2026 Ann Arbor homes were listed to buy for a median price of $569K, which is a 5% decrease to April 2025 last month, and a 5% decrease to May 2025 last year. The median value of a home listed to buy in Ann Arbor in May 2026 was $293 per sqft, which is a 1% decrease to April 2025 last month, and same as May 2025 last year.

Is it affordable or expensive to live in Ann Arbor, MI?

It is expensive to live in Ann Arbor. Buying a home in Ann Arbor is 1% more expensive compared with the national average.

Are home prices dropping in Ann Arbor, MI?

Home price are dropping in Ann Arbor, in May 2026, homes to buy in Ann Arbor have same in median list price by 1% compared with April 2026, one month ago.

Is the Ann Arbor, MI housing market slowing down?

In May 2026, homes to buy in Ann Arbor spent an median 29 days on the market, a same May 2025 last year.

What are the best and safest places to live in Ann Arbor, MI?

The best and safest neighborhoods to live in Ann Arbor in May 2026 are North Burns Park, Earhart Village, Corktown, North Central, Downtown Ann Arbor, Newport West Condominiums, Coventry Gardens, Palmer Park, Geddes Lake Condominiums, Green Acres, Platt Road, University District, River House Condominiums, Chapel Hill Condominiums, Ford Historic Homes, North Rosedale Park, Rosedale Park, Colonial Square, Grandmont, Brightmoor

How much money should I make to buy a house in Ann Arbor, MI?

In May 2026, Ann Arbor homes were listed to buy for a median price of $569K, with 25% down you would need $3.56K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $122K.

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Ann Arbor, MI Real Estate Snapshot

List Price

$574,999

$/Sqft

$290

Homes For Sale

663

Home Size

1,915 Sqft

Days on Movoto

Frequently Asked Questions about Ann Arbor, MI

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