Ann Arbor housing market: median home price and forecast
Ann Arbor home prices: a typical home in Ann Arbor, Michigan reached $517,346 in September 2026, +3.0% against a year earlier and a record monthly high, according to the Zillow Home Value Index.
- Value of the typical home
- $517,346September 2026, Zillow ZHVI
- Change over 12 months
- Up +3.0% since September 2025.
Ann Arbor home prices since 2000
Ann Arbor appears as the steel line, and the United States as the grey line. From January 2000 to now, the typical Ann Arbor home went from $195,031 to $517,346, ×2.65, compared with ×2.99 for the US over those months. May 2006 saw the boom high of $278,940, and the low was $215,207 in February 2010, −22.8% below the peak.
Annual median home price in Ann Arbor
Each year averages the twelve monthly values; 2026 covers the latest month.
| Year | Ann Arbor | Change on the year | United States |
|---|---|---|---|
| 2000 | $202,349 | $125,745 | |
| 2001 | $224,818 | +11.1% | $134,899 |
| 2002 | $241,542 | +7.4% | $144,276 |
| 2003 | $254,500 | +5.4% | $155,308 |
| 2004 | $265,319 | +4.3% | $169,891 |
| 2005 | $272,494 | +2.7% | $189,732 |
| 2006 | $276,042 | +1.3% | $206,531 |
| 2007 | $259,215 | −6.1% | $208,449 |
| 2008 | $231,303 | −10.8% | $195,574 |
| 2009 | $220,448 | −4.7% | $177,542 |
| 2010 | $218,510 | −0.9% | $171,462 |
| 2011 | $219,312 | +0.4% | $162,508 |
| 2012 | $228,676 | +4.3% | $161,137 |
| 2013 | $256,525 | +12.2% | $171,420 |
| 2014 | $280,734 | +9.4% | $182,996 |
| 2015 | $297,777 | +6.1% | $192,738 |
| 2016 | $316,595 | +6.3% | $204,509 |
| 2017 | $335,762 | +6.1% | $216,767 |
| 2018 | $360,587 | +7.4% | $230,541 |
| 2019 | $376,489 | +4.4% | $242,088 |
| 2020 | $383,349 | +1.8% | $257,151 |
| 2021 | $413,286 | +7.8% | $295,959 |
| 2022 | $444,521 | +7.6% | $340,014 |
| 2023 | $462,342 | +4.0% | $348,160 |
| 2024 | $486,580 | +5.2% | $359,751 |
| 2025 | $503,135 | +3.4% | $362,959 |
| September 2026 | $517,346 | +3.0% | $366,157 |
What a home bought in Ann Arbor in any year is worth now
An index gives an estimate for a typical home; it is not an appraisal.
Each year averages its twelve monthly index values; the current value is September 2026. You can also use the home appreciation calculator.
Thinking about selling? Compare local agents through Realtor.com. Advertising disclosure: the site may receive payment for links like this one; no number changes because of that. Disclosure.
Ann Arbor housing market forecast
Zillow's forecast covers the Ann Arbor, MI metro: +0.6% over the next three months and +2.4% over the 12 months beginning September 2026. Applied to Ann Arbor's typical value, $517,346, it points near $529,800 a year later.
The forecast here restates Zillow's own central estimate for the metro; the site does not publish any forecast of its own. Forecasts of this kind, over 12 months, have typically been off by several percentage points from the change that actually happened, in both directions. This is not investment advice.
All metro forecasts in one table: housing market forecast.
Ann Arbor housing market crash risk score
Moderate: 38 of 100.
Five conditions that ran high before earlier price falls are used to rank Ann Arbor against the 292 cities. Every input takes a place from 0 to 100 compared with the other cities, and the five scores share an equal weight in the average. It shows conditions as they are today; no crash prediction comes from it.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −22.5% | 19 | 20% |
| Market time for listings vs 2019 | −18.6% | 10 | 20% |
| Price-to-rent ratio | 21.3 | 66 | 20% |
| Price-to-income ratio | 6.4 | 76 | 20% |
| 12-month price change | +3.0% | 20 | 20% |
This is not investment advice. The scoring of each input: methodology. The ranking covers all 292 cities: crash risk by city.
Ann Arbor inventory and days on market
In September 2026 the Ann Arbor, MI metro listed 927 homes for sale: −22.5% against the same month in 2019, and +25.1% versus a year earlier. Listings sold in a median of 48 days (−18.6% against 2019), and 21.4% of them came with a price cut.
| Ann Arbor, MI metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 927 | +25.1% |
| New listings | 332 | |
| Median days on market | 48 | +14.5% |
| Median list price | $454,250 | −6.1% |
| Share with a price cut | 21.4% |
Metro inventory, Realtor.com® Economic Research. Realtor.com figures. See days on market by city for every metro.
Living costs in Ann Arbor
By the Zillow Observed Rent Index, asking rent in Ann Arbor typically runs $2,026 a month, +1.3% on a year. For a typical home, the cost equals 21.3 years of that rent. At a median household income of $80,603 (Census ACS 2024), the typical home is worth 6.4 times a year's income. According to BEA, metro prices stand at 100.9, compared with the US average of 100, while housing costs stand at 125.3.
What rent costs, what prices are, and the salary you need to move there: Ann Arbor cost of living.
More housing markets in Michigan
- $74,742 in Detroit.
- Grand Rapids $303,937
- $166,379 in Lansing.
- $238,251 in Kalamazoo.
- Traverse City $444,107
For the whole state: Michigan housing market.
How to read this chart
For each point, the Zillow Home Value Index for Ann Arbor gives the smoothed and seasonally adjusted value of a typical home in the market's middle third, in that month's dollars. The hollow dot shows the month picked on the slider; the terracotta dot shows the most recent month. No inflation adjustment applies to these figures, and the index follows the typical home instead of a particular house: find what one home is worth by entering its sale price in the card above or the home appreciation calculator.