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West of downtown, the 48103 ZIP is where Ann Arbor’s housing story gets most interesting. This is the side of the city defined by the early-1900s porches of the Old West Side Historic District, the artsy blocks of Water Hill, and family streets near Dicken Woods that stretch out toward Scio Township. The whole local economy leans on the University of Michigan and Michigan Medicine, roughly 30,000 employees between them, with Toyota’s Technical Center, Trinity Health, and Domino’s headquarters rounding out a research-and-healthcare base that has historically shrugged off recessions (Wikipedia). That steady, education-driven payroll keeps demand for west-side homes tight. With a city population near 121,651 (World Population Review) and limited historic-district inventory, buyers here compete on character, walkability, and school catchment as much as on price.

ZIP 48104 is the beating heart of Ann Arbor: it wraps around the University of Michigan Central Campus, Michigan Stadium (“The Big House”), and the Kerrytown market district anchored by Zingerman’s Delicatessen. With the university employing roughly 30,000 people through its campus and Michigan Medicine, plus Trinity Health Ann Arbor nearby, demand here is unusually durable for a college town. The city of about 122,000 residents is Michigan’s fifth-largest, and 48104 holds its most coveted historic blocks alongside a deep student-and-faculty rental pool. Walkable streets near State and Main, the Nichols Arboretum (“the Arb”), and the Huron River’s Border-to-Border Trail keep buyers competing for limited inventory. For financing tailored to this campus-driven market, Align Lending knows the local terrain. (Census QuickFacts)

North of downtown, ZIP 48105 stretches from the Northside corridor along Barton Drive up into the forested, Olmsted Brothers-planned Village of Barton Hills. It is one of Michigan’s most educated and affluent pockets, anchored by the University of Michigan and Michigan Medicine, together the region’s largest employer at roughly 30,000 workers, about 12,000 of them at the medical center. Trinity Health (St. Joseph Mercy), Ann Arbor Public Schools, and a deep bench of biotech and automotive R&D firms round out the top regional employers. Roughly 38,000 residents live here, and recreation centers on Barton Pond, Barton Dam, Bird Hills Nature Area, and the Huron River Border-to-Border Trail. The result is steady, faculty-and-physician-driven housing demand that rarely cools.

Anchored by the University of Michigan and Michigan Medicine, Ann Arbor runs on a research-university and healthcare engine that keeps housing demand stubbornly high. The U-M system alone employs roughly 30,000 people, the county’s largest workforce, and a growing life-sciences, IT, and biomedical cluster nurtured by Ann Arbor SPARK sits right behind it, alongside Trinity Health / St. Joseph Mercy, Toyota Technical Center, and Domino’s Pizza headquarters. With about 121,651 residents and a deeply educated talent pool, the local economy stays resilient through downturns. One quirk worth flagging: 48106 is a PO Box ZIP for Ann Arbor, not a residential boundary, so home values here mirror the adjacent residential ZIPs (48103/48104/48105/48108) and the city overall. Align Lending finances buyers across all of them.

Few Michigan markets behave like Ann Arbor. The 48107 ZIP is actually a PO Box-only code attached to the downtown post office, tucked inside the walkable 48104 core of State Street, Main Street, and Kerrytown, so a “48107 home” really means buying in downtown Ann Arbor. Demand here is propped up by the University of Michigan, the area’s largest employer at roughly 30,000 jobs, with about 12,000 of those at Michigan Medicine. That steady payroll, plus a dense cluster of biotech, R&D, and tech startups, keeps housing competitive year-round. Citywide, Zillow pegs the typical home near $489,000, while the downtown neighborhoods around the Diag, Burton Memorial Tower, and the Ann Arbor Farmers Market routinely clear $850,000.

South Ann Arbor wears a different face than the campus core. The 48108 ZIP is the city’s commercial engine, built around Briarwood Mall and the Eisenhower/South State office and research corridor, with the I-94 and US-23 interchange acting as the south-side gateway. Much of the ZIP actually sits in Pittsfield Charter Township, which is why housing here skews more attainable than the campus neighborhoods to the north. Jobs are everywhere: the University of Michigan and Michigan Medicine anchor the region, with Trinity Health/St. Joseph Mercy, Toyota Research and KLA Corporation adding south-side employment. That mix of retail, research and health care keeps demand steady and gives buyers in 48108 a rare blend of city access and township-level affordability. See the top regional employers list for the full picture.

The 48109 ZIP code is unusual: it is the University of Michigan campus footprint itself, Central Campus, North Campus, and the Michigan Medicine academic medical center, so the polygon is almost all dorms, lecture halls, and hospital buildings rather than for-sale houses. Buyers chasing a “48109” address actually purchase in the historic residential rings around it: Burns Park, the Old West Side, Kerrytown, and Water Hill. The local economy leans almost entirely on higher education and healthcare, with U-M employing around 30,000 people (roughly 12,000 at the medical center) and anchoring a wider cluster of biotech, research, and tech employers like Toyota Research Institute, KLA, and Domino’s. That stable, salaried demand keeps Ann Arbor home values firm even when the wider Michigan market cools.

The 48113 ZIP is a PO-box-only code tied to the Ann Arbor Post Office District, so the homes people actually finance under this search sit across the wider City of Ann Arbor, a town of roughly 121,000 anchored by the University of Michigan and Michigan Medicine, the region’s largest employer at 50,000-plus people. That academic-medical core, paired with Toyota R&D, Domino’s headquarters, the VA Ann Arbor Healthcare System, and a fast-growing AI and biotech startup scene, makes demand here unusually recession-resistant. Buyers compete for walkable historic blocks near the Diag, Kerrytown Market, Michigan Stadium, and the Huron River, which keeps inventory chronically tight. The result is a market where well-located homes hold value through downturns and financing strategy, not just list price, often decides who wins. See current Zillow values for the latest read.

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The 48103 ZIP carries a median sales price around $528,000 per RealtyTrac, pricier than the citywide Zillow typical value of about $489,000, which is up roughly 3.6% year over year (Zillow). Homes citywide are now selling in about 30 days, up from 23 a year earlier (Redfin), but west-side micro-markets diverge: the Old West Side moves in roughly 20 days while Water Hill sits closer to 36. Demand is driven by university and hospital employment, the scarcity of historic homes near downtown, and walkable access to the farmers market and Main Street. Small neighborhood YoY swings reflect thin sample sizes, not a citywide decline.

The typical home value in 48104 sits near $516,637 as of mid-2026, up about 3.0% year over year and running ahead of the citywide Ann Arbor figure of roughly $489,000 (Zillow). Homes citywide spend around 30 days on market (up from 23 a year earlier), but central, walkable pockets like Kerrytown move closer to 20 days (Redfin). What drives the premium: a constrained supply of pre-1930 historic homes, top-rated schools, and the gravitational pull of the university and its hospital system. When a well-located bungalow or Colonial lists in 48104, it rarely sits long.

As of early 2026 the median sale price in ZIP 48105 sits around $571,000 to $608,000, up a sharp 12.6% to 14.2% year over year per Redfin. Homes go under contract in roughly 37 to 46 days and average about three offers apiece, a sign that constrained inventory is meeting persistent university and hospital demand. Pricing splits dramatically by neighborhood: the Northside averages closer to $385,000, while the Village of Barton Hills carries a typical Zillow value near $1.3 million (up about 3.5% YoY). Buyers should expect competition for well-kept homes near AAPS schools and the Huron River.

Ann Arbor’s typical home value sits near $489,000 per Zillow, while Redfin’s rolling three-month median sale price has run closer to $445K. The year-over-year picture is genuinely mixed, Zillow shows roughly +3%, Redfin reports about -8.3%, so call it flat to modestly down depending on the metric. Homes spend around 36 days on market citywide (versus ~34 a year earlier), but that average hides wide swings: the North Area moves in about 31 days, while Central Ann Arbor (~68) and Downtown condos (~124) sit far longer. University payrolls, Michigan Medicine hiring, and limited inventory keep the entry points firm.

The citywide median home value sits around $489,000, up about 3.6% year over year per Zillow as of mid-2026. Homes move quickly, roughly 36 days on market this spring according to Redfin, and well-priced listings in walkable areas often draw multiple offers. The engine behind that velocity is employment: University of Michigan and Michigan Medicine paychecks, plus Toyota R&D, KLA, and Trinity Health, create constant relocation demand. Downtown around 48107/48104 trends far higher, with median single-family prices near $850,000, while neighborhood values like Water Hill have climbed roughly 20% year over year to about a $640,000 median.

Homes in 48108 have been selling for a median of roughly $415,000 in early 2026, according to Redfin, noticeably below the citywide Ann Arbor typical value of about $489,000 (Zillow). Year-over-year movement is best read as flat to slightly down; Redfin’s small monthly samples showed a sharp drop, but broader Ann Arbor metrics point to a roughly flat-to-up longer trend. Homes spend about 65 days on market, essentially unchanged from a year earlier, a balanced market where well-priced, move-in-ready listings still move and dated ones sit. Demand is driven by stable institutional employment, easy freeway access and the wide price ladder within the ZIP, from condos to golf-course estates.

Ann Arbor’s typical home value sits near $489,000, up about 3.6% over the past year per Zillow. Citywide, homes sell in roughly 36 days, and Redfin scores the market around 73/100, “very competitive,” with multiple offers common. Pace is not uniform, though: central and downtown listings closest to campus have actually run slower in 2026 (60 to 120-plus days), while suburban-edge neighborhoods move faster. Demand is driven by faculty, physicians, residents, and dual-income professional households tied to the University and Michigan Medicine, a renewing pool of buyers that keeps the campus-adjacent historic districts tight regardless of national rate swings.

The Zillow Home Value Index for Ann Arbor sits near $489,000 in 2026, up about 3.6% year over year, though trackers disagree: Redfin has reported citywide median sale prices closer to $445,000 while Movoto showed roughly $565,000, so treat $489K as a midpoint rather than a fixed number. Homes that are priced right typically go in about a month, Redfin has shown days-on-market in the low 30s, with other sources ranging up toward 50-plus. The persistent demand driver is employment: U-M, the academic medical center, and a deep bench of research and tech jobs keep buyers in the market year-round, while Ann Arbor’s protected historic districts cap new supply.

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Ann Arbor Real Estate & Mortgage Overview

To comfortably carry the ~$525K west-side median, plan on roughly $150,000–$165,000 in household income, assuming 20% down, a ~$420K loan near 7%, and monthly PITI around $3,700. That sits well above Ann Arbor’s ~$82,212 median household income, so dual incomes and larger down payments are common. Budget for an effective property tax rate near 1.58% (total millage ~37.7, with city operations ~22.1 and Ann Arbor Public Schools ~10.9 mills), higher than Michigan’s 1.05% median (City of Ann Arbor). At this price point most purchases stay within conforming limits, but upper Old West Side estates can tip into jumbo territory. MSHDA down-payment assistance helps qualifying first-time buyers, though income caps exclude many here.

To comfortably carry the ~$517K median with 20% down (about a $413K loan) at a ~6.5% 30-year rate, plan on roughly $145,000-$160,000 in household income, that covers about $2,600/month principal and interest plus close to $680/month in taxes and insurance near a 28% front-end ratio. Property taxes deserve attention: Ann Arbor’s effective rate is about 1.58%, well above Michigan’s ~1.05% median, with 2025 city millage near 52.67 mills homestead and 68.63 mills non-homestead (City of Ann Arbor). First-time buyers should explore MSHDA down-payment assistance, while Burns Park, Kerrytown, and Ann Arbor Hills buyers will often brush against jumbo limits, conforming-vs-jumbo strategy matters at this price point.

To comfortably carry the roughly $575K-$600K ZIP-median home, plan on about $150,000 to $170,000 in household income, assuming 20% down, a 6.5%-7% rate, and housing near 28% of gross. Ann Arbor’s median effective property tax rate runs about 1.58% (Ownwell), and Michigan taxes roughly half of market value (Taxable Value) at the local millage plus a 1% admin fee; Barton Hills layers on its own village millage. First-time buyers in the Northside or Earhart Village range may qualify for MSHDA down-payment assistance. With the conforming limit well under Barton Hills pricing, six- and seven-figure purchases there typically require jumbo financing, an area where local underwriting expertise pays off.

Affordability is the headline challenge here. Buying the ~$489K typical home with 20% down at around 6.8% produces an all-in monthly payment near $3,350 (principal, interest, ~1.58% property tax, and insurance), which calls for roughly $140,000–$150,000 in household income at a 28% front-end ratio, well above Ann Arbor’s ~$82,212 median. Plan for property taxes around 1.58% effective (city millage ~37.7 mills, including ~10.87 mills for Ann Arbor Public Schools), notably above Michigan’s ~1.05% median. MSHDA down-payment assistance and dual incomes are common workarounds. At this price point most purchases land within conforming limits, but upper-end Burns Park, Kerrytown, and Ann Arbor Hills homes routinely cross into jumbo territory.

Qualifying for the citywide median takes real income. Plan on roughly $140,000–$150,000 in household income with 20% down at current rates, factoring Ann Arbor’s ~1.58% effective property tax, well above the city’s $82,212 median household income, which is why dual incomes and down-payment size matter so much. The surrounding 48104 ZIP runs higher at ~1.71%, and confirming a home’s homestead (principal-residence) exemption matters: 2023 homestead millage ran ~36.63 mills versus ~52.03 non-homestead. MSHDA down-payment assistance can help first-time buyers in entry pockets like the Old West Side, but downtown’s ~$850K price points push past conforming limits into jumbo financing territory, talk to us early about jumbo and condo loan structures.

Plan on roughly $120,000-$130,000 in household income to comfortably buy the ~$415,000 median home with about 20% down, less down, higher rates or existing debt push that number up. Property taxes are the wrinkle here: 48108 straddles two jurisdictions. Parcels inside the City of Ann Arbor carry higher total millage, while the large Pittsfield Township portion has lower township taxes and no summer township levy, so always check the specific parcel with the Ann Arbor tax estimator. First-time buyers can pair MSHDA down-payment assistance with an FHA loan. At this $415K price point most purchases stay comfortably under conforming limits, so jumbo financing mainly comes into play for Travis Pointe and upper Stonebridge buyers.

To comfortably carry the ~$489K median with 20% down at today’s ~6.5-7% rates, plan on a household income near $145,000-$160,000 (PITI roughly $3,300-$3,500/month at a 28% front-end ratio). Property taxes matter here: Ann Arbor’s effective rate is about 1.58% of value, above Michigan’s ~1.05% median, so budget around $7,700+ a year on a median home. First-time buyers should look at MSHDA’s MI Home Loan, offering up to $10,000 in down payment assistance under the 2026 $544,233 price cap. Note that cap fits most of the market but not Burns Park or pricier Old West Side homes, where jumbo or near-conforming financing comes into play.

To comfortably carry the ~$489,000 median home with roughly 20% down at today’s ~7% rates, plus Ann Arbor’s ~1.58% effective property tax and insurance, you’ll want household income near $140,000-$150,000, climbing past $160,000 with less down. That sits well above the city’s ~$81,000 median household income, so first-time buyers should lean on MSHDA down-payment assistance and FHA options to bridge the gap. Watch property taxes closely: Michigan caps annual taxable-value growth while you own, but resets assessment at sale, so a new buyer’s bill can jump above the seller’s. At this price point many purchases stay within conforming limits, but Kerrytown, Burns Park, and Ann Arbor Hills routinely push into jumbo territory, worth pricing before you shop.

What it's Like to Live in Ann Arbor

Old West Side ($425,000–$1,000,000+; median ~$560K–$600K), Historic district of early-20th-century homes just west of downtown; sells fast, around 20 days.
Water Hill (~$400,000–$700,000; median ~$499K), Walkable, artsy enclave between downtown and Kerrytown, known for its annual Water Hill Music Fest.
Dicken / Lawton (~$350,000–$600,000), Family-oriented west-side area near Dicken and Lawton elementary schools, Lawton Park, and Dicken Woods Nature Area.
Kerrytown / Near North (~$450,000–$900,000), Steps from the Ann Arbor Farmers Market and Kerrytown shops; a high-walkability mix of historic homes and rentals.
Scio Township / far west 48103 (~$350,000–$650,000), More suburban, newer subdivisions on the western edge of the ZIP.

Schools: The area is served by Ann Arbor Public Schools (west-side elementaries include Dicken, Lawton, Eberwhite, Bach, and Wines), with regional support from the Washtenaw Intermediate School District (GreatSchools).

Commute to Detroit: Downtown Detroit is about 43 miles east via I-94, typically 45–55 minutes off-peak, but 60–90 minutes during the 7–9 a.m. and 4–6:30 p.m. rushes. Amtrak’s Wolverine line and regional buses offer car-free options (Rome2Rio).

Burns Park (~$700K-$1M+, avg ~$810K): picturesque, highly coveted central blocks next to U-M and downtown; medium-to-large single-family homes feeding Burns Park Elementary.
Old West Side (~$450K-$650K, median ~$525K): an early-1900s historic district of Queen Anne, Colonial Revival, bungalow and Cape Cod homes; a mix of owners and renters.
Kerrytown (~$700K-$1.4M, median ~$980K): vibrant and very walkable by the market, Zingerman’s, and the Huron River; historic homes plus new luxury condos, with fast ~20-day sales.
Ann Arbor Hills (~$700K-$1.2M+): established, leafy upscale east-side neighborhood near U-M and the Arb.
Downtown / Central Campus (condos ~$300K-$700K+): walkable urban core near State and Main streets, heavy with student rentals.

Schools: Ann Arbor Public Schools (~32 schools, ~17,000 students, ~17:1 ratio) serve the ZIP, commonly Burns Park Elementary, Tappan Middle, and Pioneer High. Commute: downtown Detroit is about 43-45 miles east via I-94, typically 45-60 minutes off-peak.

Village of Barton Hills (~$900,000-$2M+): exclusive forested enclave along Barton Pond, half-acre-plus lots, architect-designed homes from the 1920s on; home to the 1917 Barton Hills Country Club.
Northside (~$300,000-$475,000): established neighborhood off Barton Drive averaging about $385K, the most attainable entry into 48105.
Orchard Hills / Northeast Ann Arbor (~$450,000-$750,000): family subdivisions served by strong AAPS schools.
Glacier Highlands (~$400,000-$650,000): mid-century subdivision popular with university faculty and staff.
Earhart Village (~$300,000-$500,000): condo and townhome community off Earhart Road.

Most of the ZIP attends Ann Arbor Public Schools (including Ann Arbor STEAM at Northside); the northern fringe toward Northfield Township falls in Whitmore Lake Public Schools. Downtown Detroit is about 43 miles away, a 45-55 minute drive via M-14 and I-94, with the weekday D2A2 shuttle running hourly to Grand Circus Park.

Ann Arbor’s named neighborhoods span a wide price spectrum:

Burns Park (~$600K–$1.2M+), highly desirable historic homes, walkable to U-M central campus and downtown.
Old West Side (~$500K–$800K), a historic district of late-1800s/early-1900s homes just west of downtown with strong preservation character.
Water Hill (~$500K–$650K; medians ~$499K–$640K), eclectic, hilly enclave NW of downtown, Craftsman bungalows to Victorians, home of the annual Water Hill Music Fest. The most attainable of the named areas.
Kerrytown / Downtown (~$700K–$900K+; single-family medians ~$850K–$855K), the most expensive area, condos and historic homes around the farmers market and Main Street.
Ann Arbor Hills (~$700K–$1M+), established upscale east-side enclave near U-M and the Arb.

Schools: Ann Arbor Public Schools is the primary district (~32 schools), with top performers Skyline, Pioneer, Huron, and the magnet Community High; the Washtenaw Intermediate School District provides shared and special-education services countywide.

Commute to Detroit: roughly 43–45 miles east on I-94, about 45–55 minutes off-peak and 75–90 minutes at rush hour. The D2A2 express shuttle runs hourly on weekdays from the Blake Transit Center to Grand Circus Park in about 50–70 minutes.

Ann Arbor’s downtown-adjacent neighborhoods each have their own feel and price band:

Downtown / State Street area (~$700K–$1M+): The walkable core served by the 48107 PO boxes; condos, lofts, and historic homes steps from campus, median single-family near $850K.
Kerrytown (~$750K–$1M+): Historic district north of downtown anchored by the farmers market; median single-family ~$855K.
Burns Park (~$600K–$1.2M): Prestigious tree-lined streets beside central campus, split into Lower and North Burns Park.
Old West Side (~$600K–$900K): Historic-district bungalows and Victorians within walking distance of downtown; entry single-family from ~$599,900.
Water Hill (~$500K–$800K): Hilly area just northwest of downtown with Craftsman bungalows; 12-month median ~$640K, up ~20% YoY.

Schools fall under Ann Arbor Public Schools (AAPS), 32 schools, ~17,000 students, a highly rated district. Commuting to Detroit? It’s about 43 miles via M-14/I-94, roughly 45–60 minutes off-peak (75–90 in evening rush), or car-free on the D2A2 express bus between downtowns.

The 48108 ZIP spans an unusually wide price ladder:

Travis Pointe ($600,000-$1.2M+), upscale gated golf-course community on the southwest edge, among the priciest enclaves in the ZIP.
Stonebridge ($400,000-$850,000), large golf-course subdivision in Pittsfield Township with a broad range of single-family homes.
Arbor Woods ($350,000-$575,000), popular Pittsfield Township neighborhood with sidewalks, city water/sewer and lower township taxes.
Pittsfield Village ($160,000-$320,000), historic 1940s townhome/condo community off Packard, one of the most attainable entry points in 48108.
Lansdowne ($400,000-$700,000), established mid-century city neighborhood south of I-94 with mature lots and quick freeway access.

Most addresses are served by Ann Arbor Public Schools, while the southern Pittsfield Township edge falls into Saline Area Schools, consistently among Washtenaw County’s top-ranked districts. Downtown Detroit is about 43 miles east, typically a 45-60 minute drive on I-94 thanks to the south-side I-94/US-23 interchange.

Burns Park (~$600K to well over $1M): The most desirable residential area next to Central Campus, full of 1890s-1930s homes; North Burns Park averages over $1M, the district overall around $705K.
Old West Side (~$500K-$800K, median ~$600K): Historic district west of downtown with Queen Anne, Colonial Revival, and bungalow homes, very walkable to campus.
Kerrytown / Old Fourth Ward (~$450K-$900K): Historic homes by the Kerrytown market district, steps from Central Campus and downtown.
Water Hill (~$400K-$700K): Tight-knit pocket near Kerrytown, famous for its annual Water Hill Music Fest.
Northside / North Campus area (~$350K-$650K): The closest residential pockets to U-M North Campus and the north end of 48109, generally more moderate than the central districts.

Schools: Ann Arbor Public Schools runs 32 schools with math/reading proficiency (56%/65%) well above Michigan averages, backed by the Washtenaw Intermediate School District.

Commute to Detroit: About 43 miles east via I-94, typically 45-60 minutes off-peak (75-90 during rush hour). An hourly intercity bus runs from the Blake Transit Center to downtown Detroit in roughly an hour for about $8.

Ann Arbor’s most sought-after blocks span a wide price band. Burns Park (~$600,000 to $1.1M+) is the walkable, historic family favorite next to U-M campus and its namesake park. Kerrytown (~$900,000 to $1.4M, median around $1.095M in April 2026) wraps the downtown farmers market and ranks among the city’s priciest pockets. The Old West Side (from ~$600,000) protects early-1900s homes just west of downtown. For relatively more attainable entry points, the artsy Water Hill area north of downtown (roughly $400,000-$700,000, home of the Water Hill Music Fest) and east-side Ann Arbor Hills (~$700,000-$1.5M+, larger lots near U-M) round out the map. All sit within Ann Arbor Public Schools, where Pioneer High holds a 10/10 GreatSchools rating. Downtown Detroit is about 43 miles east via I-94-45-60 minutes off-peak, or an hourly ~$8 D2A2 express bus from the Blake Transit Center.

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Ann Arbor Mortgage FAQ's

What is the typical home price in Ann Arbor's 48104 ZIP code in 2026?

The typical home value in 48104 is about $516,637 as of mid-2026, up roughly 3.0% year over year. That is a bit higher than the citywide Ann Arbor typical value of about $489,000, reflecting 48104’s prime downtown, campus and historic neighborhoods.

How much income do I need to buy a median-priced home in 48104?

Roughly $145,000-$160,000 a year. On a ~$517K home with 20% down (about a $413K loan) at a ~6.5% 30-year rate, you’d see about $2,600/month in principal and interest plus roughly $680/month for property taxes and insurance. Keeping that near a 28% front-end ratio points to about $150K in household income; a smaller down payment or higher rate raises the bar.

Why are property taxes in Ann Arbor relatively high?

Ann Arbor’s effective property tax rate is about 1.58% of value, above the Michigan median of roughly 1.05%. The 2025 city millage runs about 52.67 mills for a primary residence and about 68.63 mills for non-homestead property. Michigan taxes the ‘taxable value’ (about half of market value), and Proposal A caps how fast that taxable value can rise each year you own the home.

Which neighborhoods are in the 48104 ZIP code?

48104 covers some of Ann Arbor’s most desirable areas: Burns Park (avg ~$810K), the historic Old West Side (median ~$525K), walkable Kerrytown (median ~$980K), upscale Ann Arbor Hills, and downtown/Central Campus condos that often run $300K-$700K+.

What schools serve 48104?

48104 is served by Ann Arbor Public Schools (AAPS), a district of about 32 schools and 17,000 students with a roughly 17:1 student-teacher ratio. Within the ZIP, homes commonly feed into schools such as Burns Park Elementary, Tappan Middle School and Pioneer High School.

How long is the commute from 48104 to downtown Detroit?

Downtown Detroit is about 43-45 miles east via I-94, typically a 45-60 minute drive off-peak but often 75-90 minutes during evening rush. A bus from the Blake Transit Center downtown takes about an hour for roughly $8, making 48104 a feasible base for Detroit-area commuters.

Is 48104 a good area for real-estate investment?

It has strong fundamentals: a constrained supply of historic homes, steady ~3% annual appreciation, fast sales in walkable areas like Kerrytown (~20 days on market), and durable rental demand from the University of Michigan’s ~30,000 employees and large student population. The trade-offs are high entry prices and above-average property taxes (~1.58%).

What is the typical home price in Ann Arbor's 48105 ZIP code?

As of early 2026 the median sale price in ZIP 48105 is roughly $571,000-$608,000, up about 12-14% year over year (Redfin). Prices vary widely: the Northside neighborhood averages closer to $385,000, while the exclusive Village of Barton Hills typically runs around $1.3 million.

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