ANN ARBOR Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Ann Arbor averaged 6.66% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.7% and one month ago for the week of 2024-03-07, the average rate was 6.56%.

Ann Arbor's average rate one year ago was 6.16%.

For refis of the same type during the week of 2024-04-11, the average rate was 6.89%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Ann Arbor 30 Year Fixed Rate 2024-04-11 6.66%
Ann Arbor 30 Year Fixed Rate Refi 2024-04-11 6.89%
Ann Arbor 15 Year Fixed Rate 2024-04-11 6.79%
Ann Arbor 15 Year Fixed Rate Refi 2024-04-11 6.46%
Ann Arbor 30 Year FHA 2024-04-11 6.49%
Ann Arbor 30 Year FHA Refi 2024-04-11 6.84%
Ann Arbor 30 Year USDA 2024-04-11 6.61%
Ann Arbor 30 Year USDA Refi 2024-04-11 6.91%
Ann Arbor 30 Year VA 2024-04-11 6.57%
Ann Arbor 30 Year VA Refi 2024-04-11 6.47%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ANN ARBOR, MI.

ANN ARBOR Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ANN ARBOR, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 253 6.72% $6,136
UNITED WHOLESALE MORTGAGE, LLC 250 6.79% $5,598
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 151 7.00% $5,453
STAUNTON FINANCIAL, INC. 139 6.70% $5,372
First Merchants Bank 126 6.58% $4,392
LAKE MICHIGAN CREDIT UNION 123 6.37% $4,429
University Bank 114 6.65% $4,584
The Huntington National Bank 111 6.48% $4,468
MORTGAGE 1 INCORPORATED 84 7.10% $4,474
JPMorgan Chase Bank 83 6.64% $3,958
Old National Bank 71 6.68% $3,938
UNIVERSITY OF MICHIGAN CREDIT UNION 67 6.57% $3,046
Bank of America 67 6.16% $3,100
Bank of Ann Arbor 62 6.20% $3,835
CROSSCOUNTRY MORTGAGE, LLC 59 7.04% $5,725
First Federal Bank of the Midwest 47 6.60% $3,780
PULTE MORTGAGE LLC 46 6.32% $2,516
DFCU FINANCIAL 42 6.67% $4,695
Independent Bank 39 6.65% $4,883
M/I FINANCIAL, LLC 33 5.73% $8,931
Flagstar Bank, FSB 32 6.93% $5,146
GUARANTEED RATE, INC. 31 6.88% $4,800
TBI MORTGAGE COMPANY 26 6.75% $10,203
The Dart Bank 25 6.81% $3,557
PNC Bank 25 6.65% $4,068
HOMESITE MORTGAGE, LLC 24 6.87% $7,905
MICHIGAN SCHOOLS AND GOVERNMENT 22 5.66% $3,133
BROKER SOLUTIONS, INC. 21 7.25% $6,406
Wells Fargo Bank 20 6.49% $7,005
MORTGAGE CENTER L.C 19 6.32% $4,650
MICHIGAN FIRST CREDIT UNION 18 6.88% $4,272
UNION HOME MORTGAGE CORP. 16 6.97% $5,927
HOWARD HANNA FINANCIAL SERVICES, INC. 16 6.92% $4,717
NEWREZ LLC 15 7.33% $6,428
PROVIDENT FUNDING ASSOCIATES, L.P. 13 6.56% $3,685
KeyBank 13 6.69% $4,363
Citizens Bank 11 6.50% $3,949
RUOFF MORTGAGE COMPANY, INC. 11 6.75% $5,688
Fifth Third Bank 11 6.42% $5,289
MICHIGAN MUTUAL, INC. 11 6.79% $5,134
MOVEMENT MORTGAGE, LLC 11 6.96% $5,644
Mr. Cooper ( Nationstar Mortgage ) 10 6.71% $8,363
DAS Acquisition Company, LLC 10 7.07% $6,547
Morgan Stanley Private Bank 10 5.73% $4,242
First State Bank 10 6.96% $4,971
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.98% $6,373
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.72% $5,514
SUCCESS MORTGAGE PARTNERS, INC. 8 6.14% $5,413
MMS MORTGAGE SERVICES, LTD. 8 6.98% $4,430
CALIBER HOME LOANS, INC. 8 6.59% $5,349
Preston Home Loans Inc 7 7.37% $6,338
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 7 6.46% $4,112
South Metro Federal Credit Union 7 6.02% $3,704
ROSS MORTGAGE CORPORATION 7 6.54% $5,667
COMMUNITY FINANCIAL CREDIT UNION 7 6.82% $3,047
PENNYMAC LOAN SERVICES, LLC 7 7.02% $5,987
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 7.23% $7,258
EVERETT FINANCIAL, INC. 5 6.87% $4,904
NexBank 5 6.75% $6,139
USAA Federal Savings Bank 5 6.58% $6,336
Ally Bank 5 5.78% $11,192
GENISYS 5 6.63% $3,464
AMERISAVE MORTGAGE CORPORATION 5 6.60% $9,995
Citibank 5 6.35% $5,568
LOANDEPOT.COM, LLC 5 6.62% $8,019
GVC MORTGAGE, INC. 5 7.11% $6,590
MUTUAL OF OMAHA MORTGAGE, INC. 5 7.30% $4,930
NATIONAL COOPERATIVE BANK, N.A. 5 6.93% $4,002
NAVY FEDERAL CREDIT UNION 5 6.33% $4,790
First Savings Bank 5 6.80% $5,906
Comerica Bank 4 6.91% $2,606
Plains Commerce Bank 4 6.50% $6,013
First Federal Savings and Loan Association of Lakewood 4 6.38% $5,758
CREDIT UNION ONE 4 6.25% $3,933
The Loan Store, Inc. 4 6.78% $5,903
GreenStone Farm Credit Services, FLCA 4 7.21% $9,844
Northpointe Bank 4 6.62% $5,823
Raymond James Bank 4 5.09% $2,783
BMO Harris Bank 4 6.06% $4,259
U.S. Bank 4 6.84% $6,094
CORNERSTONE HOME LENDING, INC. 4 7.13% $5,218
DEEPHAVEN MORTGAGE LLC 3 8.42% $8,914
PLAZA HOME MORTGAGE, INC. 3 7.71% $4,447
The State Bank 3 6.58% $3,674
FIRST COMMUNITY MORTGAGE, INC. 3 7.29% $4,753
CHURCHILL MORTGAGE CORPORATION 3 6.58% $4,887
Mortgage Research Center, LLC 3 6.79% $5,297
Dearborn Federal Savings Bank 3 6.75% $2,391
CONSUMERS 3 6.50% $3,850
VIBE CREDIT UNION 3 6.13% $4,927
American Mortgage & Equity Consultants, Inc. 3 6.67% $3,432
GUIDANCE RESIDENTIAL, LLC 3 6.71% $6,114
FIRST COLONY MORTGAGE CORPORATION 3 7.33% $7,437
FREEDOM MORTGAGE CORPORATION 3 7.75% $6,772
RBC Bank, (Georgia) 2 5.75% $2,490
TLC COMMUNITY Credit Union 2 6.50% $2,644
UBS Bank USA 2 6.31% $4,157
UIF CORPORATION 2 6.94% $3,993
UNIFY FINANCIAL Credit Union 2 6.83% $573
Union Bank 2 5.25% $3,174
UNITED 2 6.50% $4,664
ARBOR FINANCIAL CREDIT UNION 2 6.81% $4,100
Sunflower Bank 2 6.49% $4,367
Stifel Bank and Trust 2 5.00% $3,064
CIBC Bank USA 2 6.06% $6,181
SIRVA MORTGAGE, INC. 2 6.56% $6
GSF Mortgage Corporation 2 5.75% $2,615
CMG MORTGAGE, INC. 2 7.49% $4,444
Prosperity Home Mortgage, LLC 2 7.69% $6,644
DOW CHEMICAL EMPLOYEES' 2 7.00% $2,326
ALLIANCE CATHOLIC CREDIT UNION 2 6.94% $4,043
Mercantile Bank of Michigan 2 7.06% $6,490
BLG HOLDINGS, INC. 2 6.31% $7,016
BETTER MORTGAGE CORPORATION 2 5.56% $1,648
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 6.38% $4,666
NBKC BANK 2 6.88% $2,313
Neighborhood Loans, Inc. 2 6.63% $10,934
ALLIANT CREDIT UNION 2 6.81% $3,334
ZILLOW HOME LOANS, LLC 1 7.13% $4,254
Alerus Financial 1 6.63% $4,540
AmeriHome Mortgage Company, LLC 1 7.25% $2,381
Arvest Bank 1 5.88% $5,145
Associated Bank 1 7.38% $3,158
Atlantic Coast Mortgage, LLC 1 6.38% $2,866
BAY EQUITY LLC 1 6.63% $6,613
Bell Bank 1 6.38% $3,957
CARDINAL FINANCIAL 1 6.88% $13,097
Carrington Mortgage Services, LLC 1 6.88% $7,245
Charles Schwab Bank, SSB 1 6.50% $136
City National Bank 1 5.05% $4,942
Commerce Home Mortgage, Inc. 1 8.88% $16,299
Cornerstone First Mortgage, Inc 1 7.99% $7,779
County National Bank 1 6.63% $11,570
DELMAR FINANCIAL COMPANY 1 7.99% $5,503
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.49% $4,242
Dollar Bank, Federal Savings Bank 1 6.00% $5,761
DRAPER AND KRAMER MORTGAGE CORP. 1 7.50% $3,330
EMM LOANS LLC 1 7.38% $4,374
EQUITY RESOURCES, INC. 1 6.88% $4,153
F&A Federal Credit Union 1 6.75% $2,133
FirstBank 1 5.88% $8,376
First Commonwealth Bank 1 5.99% $3,809
First National Bank of America 1 12.50% $7,583
Frontier Bank 1 6.99% $2,918
Goldman Sachs Bank USA 1 5.35% $3,739
GUARANTEED RATE AFFINITY, LLC 1 6.85% $3,630
GUILD MORTGAGE COMPANY 1 6.88% $4,047
HOMESTEAD FUNDING CORP. 1 6.25% $4,283
Horizon Bank 1 7.25% $2,343
Isabella Bank 1 5.50% $3,089
J. VIRGIL, INC. 1 6.25% $4,448
LAFCU 1 3.25% $4,517
LAKEVIEW LOAN SERVICING, LLC 1 6.88% $10,002
Macatawa Bank 1 5.25% $3,388
MEMBER FIRST MORTGAGE, LLC 1 6.50% $3,889
MORIA DEVELOPMENT, INC. 1 6.50% $3,022
MORTGAGE ACCESS CORP. 1 6.38% $2,561
Nicolet National Bank 1 8.13% $5,335
North American Savings Bank, F.S.B. 1 6.88% $0
ON Q FINANCIAL, INC. 1 7.49% $3,947
Paramount Residential Mortgage Group, Inc. 1 7.13% $4,230
PENTAGON FEDERAL CREDIT UNION 1 6.50% $4,190
PHH Mortgage Corporation 1 5.88% $5,188
Pinnacle Bank 1 6.25% $4,693
Platinum Home Mortgage Corporation 1 6.13% $15,047
PREMIA MORTGAGE, LLC 1 7.00% $608
Quontic Bank 1 6.25% $4,850
Regions Bank 1 6.63% $3,564
STANFORD Federal Credit Union 1 5.63% $5,955
St James Mortgage Corporation 1 7.00% $5,994
Superior Credit Union, Inc. 1 6.13% $3,673
T2 FINANCIAL LLC 1 6.49% $4,482
THE ANDERSON FINANCIAL GROUP, INC. 1 6.99% $4,441
The Genoa Banking Company 1 5.63% $2,898
THE MORTGAGE LINK, INC. 1 6.99% $3,915
Truist 1 5.75% $5,154
Warsaw Federal Savings and Loan Association 1 5.50% $3,985
WINGS FINANCIAL 1 6.88% $3,362
1st Source Bank 1 6.00% $3,816

ANN ARBOR Average Closing Costs & Other Stats

ANN ARBOR, MI's 179 lenders originated 5,716 loans during 2023. The total origination value was $2,059,910,000, with an average loan value of $360,376.

ANN ARBOR's average closing costs are $4,012.

The top ANN ARBOR lender as defined by loan originations is QUICKEN LOANS, LLC, with 253 loans originated. Their average total fees are $6,136, which is $538 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee ANN ARBOR lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($2,516), UNIVERSITY OF MICHIGAN CREDIT UNION ($3,046), Bank of America ($3,100), MICHIGAN SCHOOLS AND GOVERNMENT ($3,133) and The Dart Bank ($3,557).

The lowest rate ANN ARBOR lenders (with over 10 loans originated) are MICHIGAN SCHOOLS AND GOVERNMENT (5.66%), Morgan Stanley Private Bank (5.73%), M/I FINANCIAL, LLC (5.73%), Bank of America (6.16%) and Bank of Ann Arbor (6.20%).

ANN ARBOR, MI Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
JONES LANG LASALLE MULTIFAMILY, LLC $179,545,000 n/a 8.7%
CBRE MULTIFAMILY CAPITAL, INC. $147,325,000 n/a 7.2%
UNITED WHOLESALE MORTGAGE, LLC $140,460,000 $112,560,000 -19.9% 5.5%
Ally Bank $6,030,000 $110,770,000 1,737.0% 5.4%
QUICKEN LOANS, LLC $169,885,000 $99,085,000 -41.7% 4.8%
The Huntington National Bank $102,490,000 $85,985,000 -16.1% 4.2%
LAKE MICHIGAN CREDIT UNION $106,540,000 $81,655,000 -23.4% 4.0%
First Merchants Bank $65,170,000 $67,765,000 4.0% 3.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $76,270,000 $67,490,000 -11.5% 3.3%
Old National Bank $91,625,000 $62,775,000 -31.5% 3.0%
University Bank $18,400,000 $52,145,000 183.4% 2.5%
UNIVERSITY OF MICHIGAN CREDIT UNION $77,565,000 $51,800,000 -33.2% 2.5%
STAUNTON FINANCIAL, INC. $70,120,000 $50,025,000 -28.7% 2.4%
Bank of America $57,455,000 $40,110,000 -30.2% 1.9%
JPMorgan Chase Bank $69,700,000 $38,915,000 -44.2% 1.9%
Bank of Ann Arbor $41,270,000 $35,320,000 -14.4% 1.7%
PNC Bank $65,090,000 $35,310,000 -45.8% 1.7%
MORTGAGE 1 INCORPORATED $37,005,000 $31,430,000 -15.1% 1.5%
DFCU FINANCIAL $39,090,000 $30,245,000 -22.6% 1.5%
WALKER & DUNLOP, LLC $1,305,000 $27,500,000 2,007.3% 1.3%
Independent Bank $36,920,000 $27,295,000 -26.1% 1.3%
First Federal Bank of the Midwest $38,905,000 $24,700,000 -36.5% 1.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $13,665,000 $24,040,000 75.9% 1.2%
CROSSCOUNTRY MORTGAGE, LLC $34,965,000 $22,645,000 -35.2% 1.1%
PULTE MORTGAGE LLC $35,640,000 $19,395,000 -45.6% 0.9%
TBI MORTGAGE COMPANY $10,675,000 $18,210,000 70.6% 0.9%
The Dart Bank $16,335,000 $17,505,000 7.2% 0.8%
Prudential Huntoon Paige Associates, LLC $17,205,000 n/a 0.8%
Citizens Bank $23,820,000 $17,140,000 -28.0% 0.8%
Flagstar Bank, FSB $32,240,000 $15,995,000 -50.4% 0.8%
GreenStone Farm Credit Services, FLCA $19,845,000 $15,620,000 -21.3% 0.8%
GUARANTEED RATE, INC. $29,300,000 $13,080,000 -55.4% 0.6%
M/I FINANCIAL, LLC $11,435,000 $13,010,000 13.8% 0.6%
Wells Fargo Bank $172,865,000 $11,640,000 -93.3% 0.6%
Comerica Bank $42,775,000 $10,035,000 -76.5% 0.5%
HOMESITE MORTGAGE, LLC $20,135,000 $9,695,000 -51.9% 0.5%
Fifth Third Bank $15,480,000 $9,100,000 -41.2% 0.4%
MICHIGAN SCHOOLS AND GOVERNMENT $3,905,000 $8,885,000 127.5% 0.4%
COMMUNITY FINANCIAL CREDIT UNION $8,445,000 $8,570,000 1.5% 0.4%
CREDIT UNION ONE $5,775,000 $8,555,000 48.1% 0.4%
BROKER SOLUTIONS, INC. $11,485,000 $8,420,000 -26.7% 0.4%
NEWREZ LLC $5,800,000 $8,220,000 41.7% 0.4%
MICHIGAN FIRST CREDIT UNION $8,675,000 $7,655,000 -11.8% 0.4%
UNION HOME MORTGAGE CORP. $11,320,000 $7,625,000 -32.6% 0.4%
Mortgage Research Center, LLC $9,120,000 $7,460,000 -18.2% 0.4%
HOWARD HANNA FINANCIAL SERVICES, INC. $10,575,000 $7,350,000 -30.5% 0.4%
ADVIA $6,985,000 n/a 0.3%
KeyBank $97,630,000 $6,710,000 -93.1% 0.3%
Morgan Stanley Private Bank $4,470,000 $5,820,000 30.2% 0.3%
21ST MORTGAGE CORPORATION $7,165,000 $5,650,000 -21.1% 0.3%
Michigan Educational Credit Union $8,415,000 $5,650,000 -32.9% 0.3%
MORTGAGE CENTER L.C $9,135,000 $5,535,000 -39.4% 0.3%
MICHIGAN MUTUAL, INC. $14,690,000 $5,520,000 -62.4% 0.3%
TRIAD FINANCIAL SERVICES, INC. $5,600,000 $5,460,000 -2.5% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $12,945,000 $5,420,000 -58.1% 0.3%
Northstar Bank $9,890,000 $5,410,000 -45.3% 0.3%
GENISYS $5,425,000 $5,360,000 -1.2% 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $3,095,000 $5,085,000 64.3% 0.2%
PENNYMAC LOAN SERVICES, LLC $5,065,000 $4,850,000 -4.2% 0.2%
RUOFF MORTGAGE COMPANY, INC. $4,030,000 $4,680,000 16.1% 0.2%
Citibank $2,510,000 $4,540,000 80.9% 0.2%
MOVEMENT MORTGAGE, LLC $4,705,000 $4,530,000 -3.7% 0.2%
NAVY FEDERAL CREDIT UNION $8,025,000 $4,330,000 -46.0% 0.2%
LOANDEPOT.COM, LLC $19,180,000 $4,115,000 -78.5% 0.2%
HOMEXPRESS MORTGAGE CORP. $4,080,000 n/a 0.2%
USAA Federal Savings Bank $2,280,000 $3,995,000 75.2% 0.2%
DAS Acquisition Company, LLC $2,560,000 $3,880,000 51.6% 0.2%
First State Bank $3,035,000 $3,710,000 22.2% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,325,000 $3,580,000 170.2% 0.2%
U.S. Bank $14,030,000 $3,510,000 -75.0% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $5,365,000 $3,380,000 -37.0% 0.2%
The State Bank $12,075,000 $3,365,000 -72.1% 0.2%
PLAZA HOME MORTGAGE, INC. $4,800,000 $3,160,000 -34.2% 0.2%
AMERISAVE MORTGAGE CORPORATION $11,825,000 $3,060,000 -74.1% 0.1%
CALIBER HOME LOANS, INC. $15,695,000 $3,050,000 -80.6% 0.1%
ROSS MORTGAGE CORPORATION $2,840,000 $2,915,000 2.6% 0.1%
Lake Trust Credit Union $4,540,000 $2,885,000 -36.5% 0.1%
BMO Harris Bank $2,700,000 n/a 0.1%
FREEDOM MORTGAGE CORPORATION $5,755,000 $2,595,000 -54.9% 0.1%
Plains Commerce Bank $8,765,000 $2,345,000 -73.2% 0.1%
LENDINGHOME FUNDING CORPORATION $1,680,000 $2,335,000 39.0% 0.1%
CP Financial Credit Union $2,760,000 $2,330,000 -15.6% 0.1%
Discover Bank $1,335,000 $2,270,000 70.0% 0.1%
NBKC BANK $535,000 $2,270,000 324.3% 0.1%
EVERETT FINANCIAL, INC. $2,150,000 $2,220,000 3.3% 0.1%
Preston Home Loans Inc $305,000 $2,170,000 611.5% 0.1%
VIBE CREDIT UNION $1,255,000 $2,160,000 72.1% 0.1%
First Federal Savings and Loan Association of Lakewood $2,710,000 $2,130,000 -21.4% 0.1%
GREENSTATE CREDIT UNION $4,230,000 $2,115,000 -50.0% 0.1%
NexBank $2,055,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $3,670,000 $1,965,000 -46.5% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $3,170,000 $1,915,000 -39.6% 0.1%
Raymond James Bank $950,000 $1,850,000 94.7% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $3,495,000 $1,840,000 -47.4% 0.1%
GVC MORTGAGE, INC. $365,000 $1,745,000 378.1% 0.1%
First Savings Bank $530,000 $1,715,000 223.6% 0.1%
CARDINAL FINANCIAL $760,000 $1,695,000 123.0% 0.1%
MMS MORTGAGE SERVICES, LTD. $660,000 $1,675,000 153.8% 0.1%
STANFORD Federal Credit Union $1,645,000 n/a 0.1%
Mercantile Bank of Michigan $13,910,000 $1,600,000 -88.5% 0.1%
Commerce Home Mortgage, Inc. $805,000 $1,550,000 92.5% 0.1%
Truist $1,190,000 $1,460,000 22.7% 0.1%
Figure Lending LLC $2,850,000 $1,400,000 -50.9% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $1,385,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $1,735,000 $1,340,000 -22.8% 0.1%
South Metro Federal Credit Union $1,250,000 $1,335,000 6.8% 0.1%
Stifel Bank and Trust $5,510,000 $1,335,000 -75.8% 0.1%
Northpointe Bank $3,475,000 $1,325,000 -61.9% 0.1%
FIRST COLONY MORTGAGE CORPORATION $1,305,000 n/a 0.1%
SIRVA MORTGAGE, INC. $1,260,000 $1,290,000 2.4% 0.1%
ARBOR FINANCIAL CREDIT UNION $1,740,000 $1,280,000 -26.4% 0.1%
UBS Bank USA $5,850,000 $1,250,000 -78.6% 0.1%
First Independence Bank $1,710,000 $1,230,000 -28.1% 0.1%
The Loan Store, Inc. $1,230,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $10,825,000 $1,225,000 -88.7% 0.1%
GUIDANCE RESIDENTIAL, LLC $2,165,000 $1,225,000 -43.4% 0.1%
1st Source Bank $1,015,000 $1,210,000 19.2% 0.1%
UNIFY FINANCIAL Credit Union $2,020,000 $1,145,000 -43.3% 0.1%
Coastal Community Bank $1,130,000 n/a 0.1%
PREMIA MORTGAGE, LLC $1,135,000 $1,125,000 -0.9% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,100,000 n/a 0.1%
BLG HOLDINGS, INC. $255,000 $1,065,000 317.6% 0.1%
A&D Mortgage LLC $1,045,000 n/a 0.1%
CONSUMERS $2,015,000 $1,030,000 -48.9% 0.1%
American Mortgage & Equity Consultants, Inc. $865,000 $1,025,000 18.5% 0.0%
County National Bank $3,035,000 $1,010,000 -66.7% 0.0%
UIF CORPORATION $3,465,000 $935,000 -73.0% 0.0%
Neighborhood Loans, Inc. $115,000 $930,000 708.7% 0.0%
PENTAGON FEDERAL CREDIT UNION $3,190,000 $915,000 -71.3% 0.0%
DEEPHAVEN MORTGAGE LLC $905,000 n/a 0.0%
Goldman Sachs Bank USA $1,400,000 $905,000 -35.4% 0.0%
MEMBERFOCUS COMMUNITY $905,000 n/a 0.0%
Magnolia Bank $415,000 $900,000 116.9% 0.0%
CIBC Bank USA $13,505,000 $890,000 -93.4% 0.0%
ALLIANT CREDIT UNION $625,000 $875,000 40.0% 0.0%
LAKEVIEW LOAN SERVICING, LLC $3,495,000 $855,000 -75.5% 0.0%
HOMESTEAD FUNDING CORP. $870,000 $850,000 -2.3% 0.0%
Dearborn Federal Savings Bank $1,290,000 $840,000 -34.9% 0.0%
Carrington Mortgage Services, LLC $2,600,000 $830,000 -68.1% 0.0%
Equity Prime Mortgage LLC $800,000 n/a 0.0%
NEW DAY FINANCIAL, LLC $815,000 $800,000 -1.8% 0.0%
City National Bank $755,000 n/a 0.0%
Superior Credit Union, Inc. $745,000 n/a 0.0%
Dollar Bank, Federal Savings Bank $725,000 n/a 0.0%
Hinsdale Bank & Trust Company $725,000 n/a 0.0%
TLC COMMUNITY Credit Union $845,000 $695,000 -17.8% 0.0%
CHURCHILL MORTGAGE CORPORATION $680,000 $690,000 1.5% 0.0%
Regions Bank $660,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $440,000 $660,000 50.0% 0.0%
DELMAR FINANCIAL COMPANY $285,000 $650,000 128.1% 0.0%
Public Service Credit Union $320,000 $650,000 103.1% 0.0%
ZILLOW HOME LOANS, LLC $465,000 $645,000 38.7% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $75,000 $640,000 753.3% 0.0%
NATIONAL COOPERATIVE BANK, N.A. $690,000 $635,000 -8.0% 0.0%
Union Bank $630,000 n/a 0.0%
GUILD MORTGAGE COMPANY $175,000 $595,000 240.0% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $1,855,000 $590,000 -68.2% 0.0%
MORTGAGE ACCESS CORP. $590,000 n/a 0.0%
Sunflower Bank $205,000 $580,000 182.9% 0.0%
UNITED $165,000 $575,000 248.5% 0.0%
CMG MORTGAGE, INC. $620,000 $570,000 -8.1% 0.0%
Warsaw Federal Savings and Loan Association $555,000 n/a 0.0%
ALLIANCE CATHOLIC CREDIT UNION $710,000 $545,000 -23.2% 0.0%
LAFCU $535,000 n/a 0.0%
The Central Trust Bank $535,000 n/a 0.0%
COMMUNITY CHOICE CREDIT UNION $815,000 $505,000 -38.0% 0.0%
First National Bank of America $105,000 $505,000 381.0% 0.0%
Hometown Equity Mortgage, LLC $415,000 $505,000 21.7% 0.0%
Southern Michigan Bank & Trust $505,000 n/a 0.0%
GSF Mortgage Corporation $500,000 n/a 0.0%
Bell Bank $495,000 n/a 0.0%
F&A Federal Credit Union $495,000 n/a 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,340,000 $485,000 -63.8% 0.0%
Pinnacle Bank $475,000 n/a 0.0%
PLANET HOME LENDING, LLC $275,000 $475,000 72.7% 0.0%
LENDINGONE, LLC $1,430,000 $460,000 -67.8% 0.0%
Prosperity Home Mortgage, LLC $460,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $590,000 $455,000 -22.9% 0.0%
FOX COMMUNITIES $435,000 n/a 0.0%
Platinum Home Mortgage Corporation $735,000 $435,000 -40.8% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $430,000 n/a 0.0%
Charles Schwab Bank, SSB $3,460,000 $425,000 -87.7% 0.0%
J. VIRGIL, INC. $445,000 $420,000 -5.6% 0.0%
Arvest Bank $235,000 $415,000 76.6% 0.0%
Centier Bank $525,000 $405,000 -22.9% 0.0%
Cornerstone First Mortgage, Inc $405,000 n/a 0.0%
EQUITY RESOURCES, INC. $440,000 $395,000 -10.2% 0.0%
Honor Credit Union $295,000 $395,000 33.9% 0.0%
ASTERA $370,000 $390,000 5.4% 0.0%
FBC MORTGAGE, LLC $385,000 n/a 0.0%
The Bank of Fayette County $385,000 n/a 0.0%
RBC Bank, (Georgia) $375,000 $380,000 1.3% 0.0%
OCMBC, INC. $475,000 $365,000 -23.2% 0.0%
DOW CHEMICAL EMPLOYEES' $820,000 $360,000 -56.1% 0.0%
Macatawa Bank $360,000 n/a 0.0%
DOMINION FINANCIAL SERVICES, LLC $135,000 $345,000 155.6% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $595,000 $345,000 -42.0% 0.0%
BAY EQUITY LLC $1,325,000 $335,000 -74.7% 0.0%
Consumers Professional Credit Union $325,000 n/a 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $325,000 n/a 0.0%
First Commonwealth Bank $325,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $725,000 $320,000 -55.9% 0.0%
WINGS FINANCIAL $1,700,000 $320,000 -81.2% 0.0%
Alerus Financial $305,000 n/a 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $90,005,000 $305,000 -99.7% 0.0%
Nicolet National Bank $305,000 n/a 0.0%
THE MORTGAGE LINK, INC. $305,000 n/a 0.0%
St James Mortgage Corporation $285,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $1,180,000 $275,000 -76.7% 0.0%
MEMBER FIRST MORTGAGE, LLC $2,705,000 $275,000 -89.8% 0.0%
EMM LOANS LLC $245,000 $265,000 8.2% 0.0%
Frontier Bank $265,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $655,000 $265,000 -59.5% 0.0%
North American Savings Bank, F.S.B. $1,730,000 $265,000 -84.7% 0.0%
Isabella Bank $215,000 $260,000 20.9% 0.0%
ELGA CREDIT UNION $255,000 n/a 0.0%
Grand River Bank $245,000 $255,000 4.1% 0.0%
GUARANTEED RATE AFFINITY, LLC $520,000 $255,000 -51.0% 0.0%
Sturgis Bank & Trust Company $695,000 $255,000 -63.3% 0.0%
Zeal Credit Union $390,000 $255,000 -34.6% 0.0%
AXIA FINANCIAL, LLC $245,000 n/a 0.0%
American 1 Credit Union $240,000 n/a 0.0%
GTE Federal Credit Union $135,000 $240,000 77.8% 0.0%
Citadel Servicing Corporation $885,000 $235,000 -73.4% 0.0%
Paramount Residential Mortgage Group, Inc. $965,000 $235,000 -75.6% 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $700,000 $235,000 -66.4% 0.0%
Horizon Bank $230,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $490,000 $230,000 -53.1% 0.0%
ACADEMY MORTGAGE CORPORATION $2,290,000 $220,000 -90.4% 0.0%
LOANPAL, LLC $300,000 $215,000 -28.3% 0.0%
SPRING EQ, LLC $1,460,000 $215,000 -85.3% 0.0%
T2 FINANCIAL LLC $105,000 $215,000 104.8% 0.0%
The Federal Savings Bank $960,000 $215,000 -77.6% 0.0%
Associated Bank $7,220,000 $205,000 -97.2% 0.0%
Atlantic Coast Mortgage, LLC $205,000 n/a 0.0%
FirstBank $820,000 $205,000 -75.0% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $205,000 n/a 0.0%
Quontic Bank $540,000 $185,000 -65.7% 0.0%
Waterstone Mortgage Corporation $235,000 $185,000 -21.3% 0.0%
GREENWOOD $130,000 $160,000 23.1% 0.0%
MORIA DEVELOPMENT, INC. $145,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $155,000 $135,000 -12.9% 0.0%
TOWNE MORTGAGE COMPANY $540,000 $135,000 -75.0% 0.0%
Chartwell Financial, LLC $465,000 $130,000 -72.0% 0.0%
Parda Federal Credit Union $130,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $325,000 $125,000 -61.5% 0.0%
PARKSIDE $125,000 n/a 0.0%
PHH Mortgage Corporation $925,000 $125,000 -86.5% 0.0%
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION $115,000 n/a 0.0%
ON Q FINANCIAL, INC. $115,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $405,000 $115,000 -71.6% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,410,000 $105,000 -92.6% 0.0%
Baxter Credit Union $105,000 n/a 0.0%
BECKAM FUNDING CORP. $515,000 $105,000 -79.6% 0.0%
KINECTA $105,000 n/a 0.0%
FINANCIAL PLUS CREDIT UNION $630,000 $100,000 -84.1% 0.0%
NEW ENGLAND FEDERAL CREDIT UNION $90,000 n/a 0.0%
ADVANTAGE ONE Credit Union $390,000 $80,000 -79.5% 0.0%
Extra $75,000 n/a 0.0%
Wildfire Credit Union $90,000 $75,000 -16.7% 0.0%
DIGITAL Federal Credit Union $1,240,000 $65,000 -94.8% 0.0%
RELIANCE FIRST CAPITAL, LLC $1,050,000 $65,000 -93.8% 0.0%
Signature Federal Credit Union $65,000 n/a 0.0%
The Genoa Banking Company $65,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $185,000 $60,000 -67.6% 0.0%
Eastern Michigan Bank $455,000 $55,000 -87.9% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $80,000 $55,000 -31.3% 0.0%
Dort Financial Credit Union $1,950,000 $45,000 -97.7% 0.0%
FEDEX EMPLOYEES CREDIT ASSOCIATION $45,000 n/a 0.0%
GreenStone Farm Credit Services, ACA $25,000 n/a 0.0%

ANN ARBOR's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 8.7% market share. In second place, with 7.2%, is CBRE MULTIFAMILY CAPITAL, INC., having originated $147,325,000 in loans. In third place, with 5.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $112,560,000 in loans. In fourth place, with 5.4%, is Ally Bank, having originated $110,770,000 in loans. In fifth place, with 4.8%, is QUICKEN LOANS, LLC, having originated $99,085,000 in loans.


ANN ARBOR Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - ANN ARBOR (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $389,500 (17.6%) $504,774 (12.9%) 1.44 551
2018-02-01 $391,125 (13.6%) $512,234 (1.6%) 1.42 543
2018-03-01 $390,000 (3.8%) $503,965 (-3.0%) 1.37 582
2018-04-01 $394,950 (1.3%) $488,766 (-7.6%) 1.34 666
2018-05-01 $406,475 (3.1%) $493,882 (-6.8%) 1.36 800
2018-06-01 $409,000 (5.1%) $496,016 (-3.1%) 1.36 884
2018-07-01 $409,500 (7.8%) $486,928 (0.7%) 1.37 980
2018-08-01 $393,950 (6.5%) $459,705 (-3.7%) 1.32 1,065
2018-09-01 $390,000 (5.6%) $462,953 (-2.7%) 1.31 1,065
2018-10-01 $395,238 (6.8%) $464,080 (-6.0%) 1.34 1,039
2018-11-01 $396,500 (-0.6%) $461,397 (-8.4%) 1.34 964
2018-12-01 $399,000 (-0.2%) $457,678 (-8.4%) 1.38 837
2019-01-01 $399,900 (2.7%) $461,700 (-8.5%) 1.38 743
2019-02-01 $399,950 (2.3%) $468,019 (-8.6%) 1.35 741
2019-03-01 $404,246 (3.7%) $477,400 (-5.3%) 1.32 850
2019-04-01 $407,481 (3.2%) $486,408 (-0.5%) 1.29 963
2019-05-01 $417,000 (2.6%) $491,982 (-0.4%) 1.30 1,070
2019-06-01 $416,000 (1.7%) $502,220 (1.3%) 1.30 1,117
2019-07-01 $408,453 (-0.3%) $486,504 (-0.1%) 1.28 1,166
2019-08-01 $394,445 (0.1%) $471,414 (2.6%) 1.25 1,200
2019-09-01 $386,264 (-1.0%) $460,886 (-0.5%) 1.24 1,196
2019-10-01 $378,824 (-4.2%) $450,945 (-2.8%) 1.22 1,192
2019-11-01 $373,700 (-5.8%) $439,351 (-4.8%) 1.23 1,096
2019-12-01 $368,750 (-7.6%) $434,260 (-5.1%) 1.23 937
2020-01-01 $368,528 (-7.9%) $432,704 (-6.3%) 1.23 811
2020-02-01 $387,990 (-3.0%) $451,891 (-3.5%) 1.27 793
2020-03-01 $398,950 (-1.3%) $467,282 (-2.1%) 1.25 860
2020-04-01 $399,000 (-2.1%) $460,737 (-5.3%) 1.25 891
2020-05-01 $398,000 (-4.6%) $457,143 (-7.1%) 1.21 1,063
2020-06-01 $398,915 (-4.1%) $463,706 (-7.7%) 1.18 1,081
2020-07-01 $399,450 (-2.2%) $471,470 (-3.1%) 1.16 1,034
2020-08-01 $398,900 (1.1%) $473,257 (0.4%) 1.14 1,009
2020-09-01 $399,950 (3.5%) $482,726 (4.7%) 1.15 959
2020-10-01 $409,998 (8.2%) $494,034 (9.6%) 1.17 892
2020-11-01 $418,250 (11.9%) $491,874 (12.0%) 1.22 791
2020-12-01 $416,455 (12.9%) $491,595 (13.2%) 1.24 698
2021-01-01 $429,900 (16.7%) $510,994 (18.1%) 1.28 563
2021-02-01 $443,241 (14.2%) $537,303 (18.9%) 1.29 488
2021-03-01 $449,600 (12.7%) $541,471 (15.9%) 1.28 456
2021-04-01 $449,300 (12.6%) $559,009 (21.3%) 1.22 454
2021-05-01 $439,000 (10.3%) $559,444 (22.4%) 1.17 505
2021-06-01 $424,850 (6.5%) $549,654 (18.5%) 1.12 598
2021-07-01 $422,000 (5.7%) $550,094 (16.7%) 1.11 665
2021-08-01 $399,950 (0.3%) $531,540 (12.3%) 1.07 692
2021-09-01 $412,475 (3.1%) $543,570 (12.6%) 1.10 613
2021-10-01 $415,000 (1.2%) $553,831 (12.1%) 1.11 560
2021-11-01 $399,100 (-4.6%) $554,373 (12.7%) 1.07 489
2021-12-01 $407,745 (-2.1%) $563,225 (14.6%) 1.10 411
2022-01-01 $428,695 (-0.3%) $576,600 (12.8%) 1.16 329
2022-02-01 $444,500 (0.3%) $598,012 (11.3%) 1.16 293
2022-03-01 $414,250 (-7.9%) $578,053 (6.8%) 1.04 308
2022-04-01 $429,900 (-4.3%) $585,294 (4.7%) 1.02 358
2022-05-01 $450,383 (2.6%) $591,117 (5.7%) 1.03 398
2022-06-01 $449,938 (5.9%) $564,427 (2.7%) 1.00 479
2022-07-01 $450,890 (6.9%) $568,124 (3.3%) 1.02 584
2022-08-01 $449,938 (12.5%) $546,719 (2.9%) 1.04 622
2022-09-01 $449,820 (9.1%) $547,848 (0.8%) 1.05 619
2022-10-01 $449,000 (8.2%) $552,613 (-0.2%) 1.06 624
2022-11-01 $436,725 (9.4%) $544,276 (-1.8%) 1.05 589
2022-12-01 $420,000 (3.0%) $543,487 (-3.5%) 1.04 465
2023-01-01 $430,000 (0.3%) $566,369 (-1.8%) 1.07 416
2023-02-01 $449,495 (1.1%) $597,447 (-0.1%) 1.08 368
2023-03-01 $468,750 (13.2%) $631,888 (9.3%) 1.11 374
2023-04-01 $475,000 (10.5%) $646,643 (10.5%) 1.10 394
2023-05-01 $495,450 (10.0%) $644,195 (9.0%) 1.12 393
2023-06-01 $511,070 (13.6%) $661,149 (17.1%) 1.15 417
2023-07-01 $529,900 (17.5%) $677,324 (19.2%) 1.20 443
2023-08-01 $499,139 (10.9%) $648,861 (18.7%) 1.15 446
2023-09-01 $495,190 (10.1%) $652,563 (19.1%) 1.15 456
2023-10-01 $480,000 (6.9%) $641,408 (16.1%) 1.13 468
2023-11-01 $485,563 (11.2%) $645,484 (18.6%) 1.16 556
2023-12-01 $494,245 (17.7%) $666,743 (22.7%) 1.21 391
2024-01-01 $502,995 (17.0%) $662,986 (17.1%) 1.23 347
2024-02-01 $514,950 (14.6%) $686,380 (14.9%) 1.24 330
2024-03-01 $525,000 (12.0%) $667,319 (5.6%) 1.24 364
ANN ARBOR's median listing price for 2024-03-01 was $525,000, a difference of $56,250 (12.0%) versus the prior year and $10,050 versus the prior month.

ANN ARBOR's median listing price comes in at 124% of the national average.

ANN ARBOR's average listing price for 2024-03-01 was $667,319, a difference of $35,431 (5.6%) versus the prior year and $-19,061 versus the prior month.

For the 2024-03-01 period, ANN ARBOR had 364 MLS listings, a difference of 34 listings (10%) versus the prior month and -10 listings (-3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - ANN ARBOR (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 82 days 2,091 sqft
2018-02-01 70 days 2,136 sqft
2018-03-01 44 days 2,043 sqft
2018-04-01 35 days 2,058 sqft
2018-05-01 32 days 2,071 sqft
2018-06-01 38 days 2,086 sqft
2018-07-01 41 days 2,053 sqft
2018-08-01 42 days 1,974 sqft
2018-09-01 52 days 1,996 sqft
2018-10-01 57 days 2,005 sqft
2018-11-01 59 days 1,999 sqft
2018-12-01 71 days 1,962 sqft
2019-01-01 86 days 1,962 sqft
2019-02-01 80 days 1,984 sqft
2019-03-01 56 days 2,032 sqft
2019-04-01 38 days 2,085 sqft
2019-05-01 43 days 2,084 sqft
2019-06-01 44 days 2,100 sqft
2019-07-01 49 days 2,085 sqft
2019-08-01 53 days 2,062 sqft
2019-09-01 59 days 2,044 sqft
2019-10-01 63 days 2,033 sqft
2019-11-01 68 days 2,004 sqft
2019-12-01 89 days 2,022 sqft
2020-01-01 96 days 1,999 sqft
2020-02-01 80 days 2,064 sqft
2020-03-01 40 days 2,100 sqft
2020-04-01 54 days 2,065 sqft
2020-05-01 59 days 2,048 sqft
2020-06-01 41 days 2,033 sqft
2020-07-01 49 days 2,042 sqft
2020-08-01 51 days 2,028 sqft
2020-09-01 52 days 2,029 sqft
2020-10-01 52 days 2,056 sqft
2020-11-01 57 days 1,994 sqft
2020-12-01 73 days 1,999 sqft
2021-01-01 85 days 2,036 sqft
2021-02-01 72 days 2,048 sqft
2021-03-01 41 days 1,997 sqft
2021-04-01 28 days 1,978 sqft
2021-05-01 30 days 1,946 sqft
2021-06-01 30 days 1,964 sqft
2021-07-01 37 days 1,912 sqft
2021-08-01 38 days 1,846 sqft
2021-09-01 51 days 1,883 sqft
2021-10-01 64 days 1,885 sqft
2021-11-01 66 days 1,890 sqft
2021-12-01 77 days 1,872 sqft
2022-01-01 84 days 1,854 sqft
2022-02-01 61 days 1,817 sqft
2022-03-01 30 days 1,702 sqft
2022-04-01 27 days 1,787 sqft
2022-05-01 26 days 1,854 sqft
2022-06-01 24 days 1,907 sqft
2022-07-01 29 days 1,954 sqft
2022-08-01 37 days 1,897 sqft
2022-09-01 42 days 1,914 sqft
2022-10-01 44 days 1,952 sqft
2022-11-01 51 days 1,912 sqft
2022-12-01 68 days 1,852 sqft
2023-01-01 67 days 1,853 sqft
2023-02-01 50 days 1,908 sqft
2023-03-01 38 days 1,940 sqft
2023-04-01 33 days 1,918 sqft
2023-05-01 33 days 1,929 sqft
2023-06-01 32 days 2,012 sqft
2023-07-01 36 days 2,062 sqft
2023-08-01 35 days 2,038 sqft
2023-09-01 39 days 1,971 sqft
2023-10-01 38 days 1,986 sqft
2023-11-01 51 days 2,033 sqft
2023-12-01 59 days 2,048 sqft
2024-01-01 71 days 2,103 sqft
2024-02-01 54 days 2,101 sqft
2024-03-01 35 days 2,108 sqft
ANN ARBOR's median listing age (time on market) for 2024-03-01 was 35 days. This is -8% shorter than the same period one year ago.

ANN ARBOR's median square footage for active listings during the 2024-03-01 period was 2,108 sqft. One year prior, the average listing was 1,940 sqft.

ANN ARBOR, MI Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
48103 Ann Arbor, MI MSA $1,380 $1,390 $1,670 $2,030 $2,320
48104 Ann Arbor, MI MSA $1,380 $1,390 $1,670 $2,030 $2,320
48105 Ann Arbor, MI MSA $1,360 $1,370 $1,640 $2,000 $2,280
48106 Ann Arbor, MI MSA $1,140 $1,150 $1,380 $1,680 $1,920
48107 Ann Arbor, MI MSA $1,140 $1,150 $1,380 $1,680 $1,920
48108 Ann Arbor, MI MSA $1,070 $1,070 $1,290 $1,570 $1,790
48109 Ann Arbor, MI MSA $1,370 $1,380 $1,660 $2,020 $2,300
48111 Ann Arbor, MI MSA $950 $990 $1,260 $1,570 $1,690
48113 Ann Arbor, MI MSA $1,140 $1,150 $1,380 $1,680 $1,920
48118 Ann Arbor, MI MSA $1,180 $1,180 $1,420 $1,730 $1,980
48130 Ann Arbor, MI MSA $1,170 $1,170 $1,410 $1,720 $1,960
48137 Ann Arbor, MI MSA $1,160 $1,340 $1,590 $2,080 $2,320
48158 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,640
48160 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,660
48167 Ann Arbor, MI MSA $1,150 $1,280 $1,620 $2,010 $2,180
48168 Ann Arbor, MI MSA $1,290 $1,440 $1,820 $2,260 $2,450
48169 Ann Arbor, MI MSA $950 $1,080 $1,270 $1,710 $1,900
48170 Ann Arbor, MI MSA $950 $970 $1,240 $1,540 $1,660
48175 Ann Arbor, MI MSA $1,140 $1,150 $1,380 $1,680 $1,920
48176 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,640
48178 Ann Arbor, MI MSA $950 $1,050 $1,300 $1,660 $1,810
48189 Ann Arbor, MI MSA $950 $990 $1,180 $1,510 $1,700
48190 Ann Arbor, MI MSA $1,200 $1,220 $1,470 $1,790 $2,070
48191 Ann Arbor, MI MSA $1,430 $1,440 $1,730 $2,100 $2,410
48197 Ann Arbor, MI MSA $1,030 $1,030 $1,240 $1,510 $1,730
48198 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,640
49229 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,640
49230 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,640
49236 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,640
49240 Ann Arbor, MI MSA $950 $950 $1,140 $1,430 $1,640
49285 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,640
49287 Ann Arbor, MI MSA $950 $950 $1,140 $1,410 $1,640

2022 Average & Median Rent Data Statistics
ANN ARBOR, MI average 1BR rent: $1,121, median: $1,075
ANN ARBOR, MI average 2BR rent: $1,356, median: $1,295
ANN ARBOR, MI average 3BR rent: $1,678, median: $1,670

ANN ARBOR, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,410 $1,192,310,000 $349,651
Home Improvement 737 $89,645,000 $121,635
Other 623 $76,395,000 $122,624
Cash Out Refi 584 $144,230,000 $246,969
Refi 362 $557,330,000 $1,539,586

Ann Arbor's most frequently cited loan purpose was Home Purchase, with 3,410 originations. The 2nd most popular reason was Home Improvement, with 737 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 2,093 $704,285,000 $336,495
Over 8% 1,307 $180,165,000 $137,846
7-8% 1,211 $338,345,000 $279,393
5-6% 890 $528,150,000 $593,427
4-5% 95 $178,345,000 $1,877,316
<2.5% 18 $160,000 $8,889
3-4% 9 $112,195,000 $12,466,111
2.5-3% 5 $625,000 $125,000

During 2023, Ann Arbor's most frequently originated rate bucket was 6-7%, with 2,093 originations.

Loan Sizing (ANN ARBOR, MI MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,995 $571,975,000 $286,704
$100k-200k 1,274 $186,920,000 $146,719
$100,000 or less 1,268 $71,150,000 $56,112
$400k-600k 765 $364,095,000 $475,941
$600k-1000k 327 $242,905,000 $742,829
$Over $1MM 87 $622,865,000 $7,159,368

ANN ARBOR's loan sizing saw the bucket of loans from $200k-400k with 1,995 originations, totaling $571,975,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,956 $709,980,000 $362,975
60-80% 1,343 $635,475,000 $473,176
Under 20% 875 $55,085,000 $62,954
20-40% 812 $122,850,000 $151,293
40-60% 549 $311,835,000 $568,005
Over 100% 27 $200,835,000 $7,438,333

ANN ARBOR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,956 originations, totaling $709,980,000 in origination value.