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 $362,143 in August, 2.5% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 19, the 30-year fixed mortgage rate sits at 6.09%.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: $282,858
- 1-year price change: +4.9%
- 5-year price change: +43.0%
#8. Augusta, MI
- Typical home value: $312,955
- 1-year price change: +4.1%
- 5-year price change: +34.7%
#7. Superior, MI
- Typical home value: $318,392
- 1-year price change: +5.5%
- 5-year price change: +38.9%
#6. Manchester, MI
- Typical home value: $346,796
- 1-year price change: +4.4%
- 5-year price change: +26.5%
#5. Whitmore Lake, MI
- Typical home value: $354,043
- 1-year price change: +2.3%
- 5-year price change: +34.2%
#4. Chelsea, MI
- Typical home value: $380,223
- 1-year price change: +0.2%
- 5-year price change: +17.0%
#3. Dexter, MI
- Typical home value: $437,497
- 1-year price change: -3.0%
- 5-year price change: +6.9%
#2. Saline, MI
- Typical home value: $443,997
- 1-year price change: +3.0%
- 5-year price change: +25.8%
#1. Ann Arbor, MI
- Typical home value: $509,583
- 1-year price change: +4.0%
- 5-year price change: +29.2%