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 $363,946 in August, 0.0% lower than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 18, the 30-year fixed mortgage rate sits at 6.26%.

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: $285,542
- 1-year price change: +0.9%
- 5-year price change: +38.9%

#8. Milan, MI

- Typical home value: $300,978
- 1-year price change: +2.5%
- 5-year price change: +30.1%

#7. Superior, MI

- Typical home value: $307,425
- 1-year price change: -4.1%
- 5-year price change: +26.7%

#6. Whitmore Lake, MI

- Typical home value: $354,893
- 1-year price change: +2.9%
- 5-year price change: +35.3%

#5. Manchester, MI

- Typical home value: $375,749
- 1-year price change: -0.7%
- 5-year price change: +23.5%

#4. Chelsea, MI

- Typical home value: $406,947
- 1-year price change: -4.7%
- 5-year price change: +10.8%

#3. Saline, MI

- Typical home value: $460,940
- 1-year price change: +0.8%
- 5-year price change: +25.6%

#2. Dexter, MI

- Typical home value: $499,709
- 1-year price change: +2.1%
- 5-year price change: +8.7%

#1. Ann Arbor, MI

- Typical home value: $515,627
- 1-year price change: +2.5%
- 5-year price change: +31.6%

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