Ann Arbor, MI Real Estate
According to census data in the year 2000 there were 47,214 housing units in Ann Arbor.
This represents a 7.3% growth from 44,010 in 1990.
Of those housing units, 47,214 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ann Arbor is about 45.2%.
Ann Arbor's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Ann Arbor were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5% |
| One Bedroom | 20.80% |
| Two Bedrooms | 31% |
| Three Bedrooms | 26.80% |
| Four Bedrooms | 12.60% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $181,400 |
| Median Price asked for vacant units | $188,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $828 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 58.60% |
| Debt Free | 25% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
