Cities with the most expensive homes in the Ann Arbor metro area
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 $355,696 in March, 4.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 2, the 30-year fixed mortgage rate sits at 7.22%.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.
#9. Ypsilanti, MI
- Typical home value: $276,398
- 1-year price change: +6.0%
- 5-year price change: +42.9%
#8. Augusta, MI
- Typical home value: $304,281
- 1-year price change: +4.3%
- 5-year price change: +33.4%
#7. Superior, MI
- Typical home value: $309,794
- 1-year price change: +6.1%
- 5-year price change: +38.8%
#6. Manchester, MI
- Typical home value: $339,354
- 1-year price change: +4.5%
- 5-year price change: +27.2%
#5. Whitmore Lake, MI
- Typical home value: $343,871
- 1-year price change: +3.9%
- 5-year price change: +35.3%
#4. Chelsea, MI
- Typical home value: $374,512
- 1-year price change: +3.5%
- 5-year price change: +19.6%
#3. Dexter, MI
- Typical home value: $425,993
- 1-year price change: -3.9%
- 5-year price change: +8.9%
#2. Saline, MI
- Typical home value: $436,061
- 1-year price change: +4.5%
- 5-year price change: +25.4%
#1. Ann Arbor, MI
- Typical home value: $497,682
- 1-year price change: +6.5%
- 5-year price change: +28.5%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
