Rental numbers for the Ann Arbor, MI metro
The typical home here runs -$1,505 a month at 7.78% with 25% down. 0 of 8 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.9%.
- Gross yield
- 5.7%
- typical home, Zillow
- Median ZIP yield
- 4.9%
- 8 ZIPs with full data
- Cash flow
- -$1,505/mo
- at 7.78%, 25% down
- Typical price
- $417,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,962/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
15 with published figures
| 48198Ypsilanti | $229,000 | $1,691 | 8.9% | 4.6% | -$356 | +4.2% |
| 48190Milan | $223,000 | $1,580* | 8.5% | 4.6% | -$344 | n/a |
| 48191Willis | $298,000 | $1,750* | 7.0% | 3.4% | -$767 | n/a |
| 49236Clinton | $279,000 | $1,450* | 6.2% | 2.6% | -$890 | n/a |
| 48160Milan | $312,000 | $1,500* | 5.8% | 2.2% | -$1,100 | n/a |
| 48189Whitmore Lake | $360,000 | $1,723 | 5.7% | 2.2% | -$1,268 | n/a |
| 48118Chelsea | $416,000 | $1,960* | 5.7% | 2.1% | -$1,498 | n/a |
| 48176Saline | $469,000 | $2,027 | 5.2% | 1.7% | -$1,846 | n/a |
| 48105Ann Arbor | $555,000 | $2,332 | 5.0% | 1.6% | -$2,273 | -0.0% |
| 48103Ann Arbor | $526,000 | $2,082 | 4.8% | 1.3% | -$2,257 | +1.6% |
| 48158Manchester | $378,000 | $1,450* | 4.6% | 1.4% | -$1,595 | n/a |
| 48108Ann Arbor | $441,000 | $1,634 | 4.5% | 1.0% | -$1,995 | +1.6% |
| 48104Ann Arbor | $579,000 | $2,141 | 4.4% | 1.0% | -$2,659 | +0.2% |
| 48130Dexter | $511,000 | $1,880* | 4.4% | 1.2% | -$2,234 | n/a |
| 48197Ypsilanti | $345,000 | $1,252 | 4.4% | 0.8% | -$1,617 | +2.5% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.5%
- Rent, 12 months
- +1.3%
- Rent minus price growth
- -1.2 pts
- Property tax
- 1.48%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $349,892 | $1,600 |
| Aug 2022 | $378,587 | $1,779 |
| Aug 2023 | $387,884 | $1,823 |
| Aug 2024 | $400,710 | $1,902 |
| Aug 2025 | $406,661 | $1,937 |
| Aug 2026 | $416,914 | $1,962 |
Counties
- Washtenaw County, MI4.9% median yield
Tools
Questions
- Is the Ann Arbor, MI metro good for rental property?
- The typical home here runs -$1,505 a month at 7.78% with 25% down. 0 of 8 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.9%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Ann Arbor, MI metro have the highest rental yield?
- 48198 (Ypsilanti) at 8.9%, 48189 (Whitmore Lake) at 5.7%, 48176 (Saline) at 5.2%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.