About Ann Arbor
Ann Arbor, MI is a town with a true sense of identity. You can totally live here, have fun, and be yourself. It may not be your average midwestern town, but it’s a town that embodies midwestern values. With a rich cultural history, and a down home feel – Ann Arbor, MI has flavors for everyone.
Ann Arbor Homes
Ann Arbor Median Household Income
The median population of Ann Arbor, MI is 121,477 (2017), with a median age of 27.5. The median household income averages at $57,697. From the year 2015 to 2016—the population grew from nearly 117,00 to over 118,000, which is over a 1% increase. The median household income grew as well. Going from $55,990 to 57,697—around a 3% increase.
Ann Arbor Points of Interest
There are lots of things to do and see in Ann Arbor, MI – from the trendy restaurants and coffee shops to the art galleries and architectural marvels.
Many like to start at the University Musical Society, which holds one of the most treasured performing arts center. You can see everything from live jazz and hip hop to roots reggae and choral acts.
There are a number of things to see and do in Ann Arbor—from the natural beauty of the thickly forested parks, to the live concerts on main street.
Neighborhoods & Subdivisions
Below is a summary of the neighborhoods in Ann Arbor, MI. There are some great neighborhoods to raise a family. There are also many choices for business professionals who want a pipeline to the nightlife.
- Arbor Hill – this subdivision features over 200 homes. Located in the northeast part of town, you will find colonial and ranch style houses. In the center of the development is Kilburn City Park, where people of all ages can enjoy the outdoors.
- Chapel Hill – Chapel Hill condominiums are a good choice for those looking for a bargain. These condos were built in the early 1980s, and sit in the northeast part of town. You’ll find town homes with basements and large floor plans.
- Fox Ridge – this unique subdivision is full of custom built homes that sit at the bottom of Peach Mountain. The location is just a short drive from a variety of outdoor activities at the Chain of Lakes, Hudson Hills, and more.
Ann Arbor is almost 200 years old and was purchased for a price of only $800! The arrival of the Michigan Central Railroad helped to bolster the town, and attract settlers. From the early 1900s and on, the city grew steadily until the 1940s, which marked another period of economic growth surrounded by World War II.
Another economic boom hit the town of Ann Arbor in the 1960s, where educational institutions led the way for liberal politics and political activism.
By the 1970s, activist ideals meshed with small town ideals to create a city that is well rounded, and geared toward future growth. These days, Ann Arbor is one of the top tourist spots in the Midwest, and an amazing place to live. It’s one of America’s most literate, and liveable “small cities.”
Median Home Price
Median 1-Bedroom Rent
Estimated Price Increase Next Year
Ann Arbor Home Values
The median value of homes in Ann Arbor, MI is $377,200. The value of homes in Ann Arbor has gone up over 9% in the past year, and Zillow predicts that prices will rise another 6% in the next year. Price per square foot in Ann Arbor comes out to $212. Currently, the median price of houses listed in Ann Arbor is above $425,000 while the median price of homes sold is in the neighborhood of $343,500.
Median Home Price
In March 2019, the average cost to rent an apartment is $1,663, which marks a 7.7% increase from last yearーwhen rent averaged $1,535.
On average, one bedroom apartments in Ann Arbor, MI went for over $1,400 a month, which marks a 14% increase from last year. Two bedroom apartments averaged $1,668, which also marks an over 10% increase from the previous year. This is definitely a seller’s market.
Estimate % Increase in Home Prices
The value of homes in Ann Arbor has increased by 9.1% over the past year. These numbers are predicted to rise 6% over the next year. As of now, the median home price for places listed in Ann Arbor is over $424,000, while the median price of homes sold is over $343,000.
The Ann Arbor Public School district is the eighth largest district among over 550 districts in Michigan. There are 32 schools currently serving over 16,600 students from kindergarten through high school. There is an average ratio of 16 students for every teacher, which rates among the highest in Michigan.
The district is made up of 20 elementary schools, 5 middle schools, 3 core curriculum high schools, 3 alternative high schools, and 1 program for adult education. The Ann Arbor School District gives children a comprehensive education, and many who move here are thrilled with the schools.
Parks & Recreation
- County Farm Park – This is one of the most kid-friendly playgrounds out of the bunch. Project Grow is responsible for the lush community garden, that sits alongside one of the most impressive play structures in the city. There are great places to play and relax for families interested in this inviting playground.
- Gallup Park – With a 1.35 mile long walking trail, this park is full of scenic landscapes and fun playgrounds. There are a number of shaded areas to sit, along with public amenities that make it a great place to spend time at.
- Burns Park – situated in the center of Ann Arbor’s most famous areas, this playground sits on the bank of a huge playground. It’s a great place for young kids to explore, as well as older kids looking to blow off steam.