Ann Arbor, MI · Michigan
Washtenaw County
ZIP 48191
368,394 residents1,438 permits TTM$87,156 median HHI14 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$353,000
ACS 5-Year
Cap rate proxy
4.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.3%
HUD FMR ÷ ACS HHI
Net migration
+2.22%
IRS SOI
Permits (TTM)
1,438
Census BPS
Climate risk
89.3
FEMA NRI (0–100)
ZIP 48191
Median home value
—
Gross yield
—
Buy Box score
0.9
Section 8 gap
—
Affordability
P/I: 3.4R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown14 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 48198 | $224,870 | $1,340 | 7.2% | 8.5% | -18.4% |
| 48104 | — | — | — | 6.1% | — |
| 48191 | — | — | — | 5.8% | — |
| 48108 | — | — | — | 5.7% | — |
| 48105 | — | — | — | 5.7% | — |
| 48103 | — | — | — | 5.4% | — |
| 48189 | — | — | — | 4.8% | — |
| 48109 | — | — | — | 4.8% | — |
| 48190 | — | — | — | 4.8% | — |
| 48158 | — | — | — | 4.6% | — |
| 48197 | — | — | — | 4.4% | — |
| 48118 | — | — | — | 4.2% | — |
| 48176 | — | — | — | 3.7% | — |
| 48130 | — | — | — | 3.4% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
61.6%
Census ACS
Vacancy rate
5.6%
Census ACS
Bachelor's degree +
58.1%
Census ACS
Rent burdened
51.1%
Census ACS (>30% income)
Median age
34.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026