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1 / 9#9. Ypsilanti, MI
- Typical home value: $285,145
- 1-year price change: +1.2%
- 5-year price change: +22.1%
Cities with the most expensive homes in the Ann Arbor metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the 30-year fixed mortgage rate sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Ann Arbor metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.
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2 / 9#8. Milan, MI
- Typical home value: $309,251
- 1-year price change: +3.6%
- 5-year price change: +18.7%
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3 / 9#7. Superior, MI
- Typical home value: $331,704
- 1-year price change: -3.2%
- 5-year price change: +9.0%
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4 / 9#6. Whitmore Lake, MI
- Typical home value: $361,970
- 1-year price change: +1.8%
- 5-year price change: +20.0%
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5 / 9#5. Manchester, MI
- Typical home value: $376,280
- 1-year price change: +4.2%
- 5-year price change: +17.7%
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6 / 9#4. Chelsea, MI
- Typical home value: $415,718
- 1-year price change: +3.4%
- 5-year price change: +8.5%
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7 / 9#3. Saline, MI
- Typical home value: $468,759
- 1-year price change: +2.6%
- 5-year price change: +16.6%
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8 / 9#2. Dexter, MI
- Typical home value: $511,930
- 1-year price change: +3.9%
- 5-year price change: +3.4%
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9 / 9#1. Ann Arbor, MI
- Typical home value: $526,592
- 1-year price change: +3.2%
- 5-year price change: +23.1%
