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
6.69%
for the week of 2023-06-01, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2023-05-25) was
6.17% and
one month ago for the week of 2023-04-27, the
average rate was 6.23%.
Ann Arbor's average rate one year ago was 4.6%.
For refis of the same type during the week of 2023-06-01, the average rate
was 5.71%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-06-01 | 6.79% |
| Ann Arbor 30 Year Fixed Rate | 2023-06-01 | 6.69% |
| Ann Arbor 30 Year Fixed Rate Refi | 2023-06-01 | 5.71% |
| Ann Arbor 15 Year Fixed Rate | 2023-06-01 | 6.56% |
| Ann Arbor 15 Year Fixed Rate Refi | 2023-06-01 | 4.51% |
| Ann Arbor 30 Year FHA | 2023-06-01 | -0.42% |
| Ann Arbor 30 Year FHA Refi | 2023-06-01 | 0% |
| Ann Arbor 30 Year USDA | 2023-06-01 | -0.2% |
| Ann Arbor 30 Year USDA Refi | 2023-06-01 | 0% |
| Ann Arbor 30 Year VA | 2023-06-01 | -0.39% |
| Ann Arbor 30 Year VA Refi | 2023-06-01 | -0.1% |
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.).
ANN ARBOR Average Closing Costs & Other Stats
ANN ARBOR, MI's 226 lenders originated 8,517
loans during 2022. The total origination value was $2,728,765,000, with an average loan value of
$320,390.
ANN ARBOR's average closing costs are $3,863.
The top ANN ARBOR lender as defined by loan originations is QUICKEN LOANS, LLC, with
440 loans originated. Their average total fees are
$5,716, which is $767
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee ANN ARBOR lenders (with over 10 loans originated) are
Stifel Bank and Trust ($2,613), NAVY FEDERAL CREDIT UNION ($2,917), UNIVERSITY OF MICHIGAN CREDIT UNION ($2,929), COMMUNITY FINANCIAL CREDIT UNION ($2,948) and MORTGAGE CENTER L.C ($3,010).
The lowest rate ANN ARBOR lenders (with over 10 loans originated) are
Stifel Bank and Trust (3.08%), BETTER MORTGAGE CORPORATION (3.84%), Wells Fargo Bank (4.11%), Bank of America (4.15%) and KeyBank (4.26%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Wells Fargo Bank | $53,750,000 | $172,865,000 | 221.6% | 6.3% |
| QUICKEN LOANS, LLC | $510,175,000 | $169,885,000 | -66.7% | 6.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $303,945,000 | $140,460,000 | -53.8% | 5.1% |
| LAKE MICHIGAN CREDIT UNION | $136,335,000 | $106,540,000 | -21.9% | 3.9% |
| The Huntington National Bank | $144,595,000 | $102,490,000 | -29.1% | 3.8% |
| KeyBank | $238,395,000 | $97,630,000 | -59.0% | 3.6% |
| Old National Bank | $169,585,000 | $91,625,000 | -46.0% | 3.4% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $90,005,000 | n/a | 3.3% | |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $45,980,000 | $77,565,000 | 68.7% | 2.8% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $108,065,000 | $76,270,000 | -29.4% | 2.8% |
| UNIVERSITY LENDING GROUP, LLC | $173,580,000 | $71,030,000 | -59.1% | 2.6% |
| STAUNTON FINANCIAL, INC. | $95,080,000 | $70,120,000 | -26.3% | 2.6% |
| JPMorgan Chase Bank | $181,515,000 | $69,700,000 | -61.6% | 2.6% |
| First Merchants Bank | $5,020,000 | $65,170,000 | 1,198.2% | 2.4% |
| PNC Bank | $135,155,000 | $65,090,000 | -51.8% | 2.4% |
| Bank of America | $105,835,000 | $57,455,000 | -45.7% | 2.1% |
| Comerica Bank | $18,110,000 | $42,775,000 | 136.2% | 1.6% |
| Bank of Ann Arbor | $95,015,000 | $41,270,000 | -56.6% | 1.5% |
| DFCU FINANCIAL | $54,840,000 | $39,090,000 | -28.7% | 1.4% |
| First Federal Bank of the Midwest | $13,320,000 | $38,905,000 | 192.1% | 1.4% |
| MORTGAGE 1 INCORPORATED | $80,995,000 | $37,005,000 | -54.3% | 1.4% |
| Independent Bank | $275,000 | $36,920,000 | 13,325.5% | 1.4% |
| Capital One | $36,905,000 | n/a | 1.4% | |
| PULTE MORTGAGE LLC | $55,480,000 | $35,640,000 | -35.8% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $63,965,000 | $34,965,000 | -45.3% | 1.3% |
| Flagstar Bank, FSB | $109,840,000 | $32,240,000 | -70.6% | 1.2% |
| GUARANTEED RATE, INC. | $39,365,000 | $29,300,000 | -25.6% | 1.1% |
| Citizens Bank | $30,780,000 | $23,820,000 | -22.6% | 0.9% |
| HOMESITE MORTGAGE, LLC | $20,815,000 | $20,135,000 | -3.3% | 0.7% |
| GreenStone Farm Credit Services, FLCA | $28,795,000 | $19,845,000 | -31.1% | 0.7% |
| GREYSTONE SERVICING COMPANY LLC | $19,245,000 | n/a | 0.7% | |
| LOANDEPOT.COM, LLC | $50,920,000 | $19,180,000 | -62.3% | 0.7% |
| University Bank | $2,380,000 | $18,400,000 | 673.1% | 0.7% |
| The Dart Bank | $28,440,000 | $16,335,000 | -42.6% | 0.6% |
| CALIBER HOME LOANS, INC. | $66,065,000 | $15,695,000 | -76.2% | 0.6% |
| Fifth Third Bank | $32,795,000 | $15,480,000 | -52.8% | 0.6% |
| MICHIGAN MUTUAL, INC. | $22,850,000 | $14,690,000 | -35.7% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $48,725,000 | $14,475,000 | -70.3% | 0.5% |
| U.S. Bank | $60,270,000 | $14,030,000 | -76.7% | 0.5% |
| Mercantile Bank of Michigan | $3,390,000 | $13,910,000 | 310.3% | 0.5% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $8,865,000 | $13,665,000 | 54.1% | 0.5% |
| CIBC Bank USA | $810,000 | $13,505,000 | 1,567.3% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $38,915,000 | $12,945,000 | -66.7% | 0.5% |
| The State Bank | $12,555,000 | $12,075,000 | -3.8% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $44,125,000 | $11,825,000 | -73.2% | 0.4% |
| BROKER SOLUTIONS, INC. | $25,000,000 | $11,485,000 | -54.1% | 0.4% |
| M/I FINANCIAL, LLC | $3,675,000 | $11,435,000 | 211.2% | 0.4% |
| UNION HOME MORTGAGE CORP. | $17,835,000 | $11,320,000 | -36.5% | 0.4% |
| COREVEST AMERICAN FINANCE LENDER LLC | $855,000 | $11,050,000 | 1,192.4% | 0.4% |
| BETTER MORTGAGE CORPORATION | $63,695,000 | $10,825,000 | -83.0% | 0.4% |
| TBI MORTGAGE COMPANY | $18,235,000 | $10,675,000 | -41.5% | 0.4% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $14,770,000 | $10,575,000 | -28.4% | 0.4% |
| Northstar Bank | $11,710,000 | $9,890,000 | -15.5% | 0.4% |
| MORTGAGE CENTER L.C | $26,955,000 | $9,135,000 | -66.1% | 0.3% |
| Mortgage Research Center, LLC | $16,095,000 | $9,120,000 | -43.3% | 0.3% |
| Arbor Realty Trust, Inc. | $8,905,000 | n/a | 0.3% | |
| Plains Commerce Bank | $31,125,000 | $8,765,000 | -71.8% | 0.3% |
| MICHIGAN FIRST CREDIT UNION | $20,140,000 | $8,675,000 | -56.9% | 0.3% |
| COMMUNITY FINANCIAL CREDIT UNION | $17,910,000 | $8,445,000 | -52.8% | 0.3% |
| Michigan Educational Credit Union | $12,240,000 | $8,415,000 | -31.3% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $10,335,000 | $8,025,000 | -22.4% | 0.3% |
| ORIX REAL ESTATE CAPITAL, LLC | $13,825,000 | $7,985,000 | -42.2% | 0.3% |
| Associated Bank | $9,090,000 | $7,220,000 | -20.6% | 0.3% |
| 21ST MORTGAGE CORPORATION | $3,625,000 | $7,165,000 | 97.7% | 0.3% |
| East West Bank | $36,205,000 | $6,095,000 | -83.2% | 0.2% |
| Ally Bank | $17,945,000 | $6,030,000 | -66.4% | 0.2% |
| TIAA, FSB | $3,195,000 | $6,005,000 | 87.9% | 0.2% |
| UBS Bank USA | $8,190,000 | $5,850,000 | -28.6% | 0.2% |
| NEWREZ LLC | $26,760,000 | $5,800,000 | -78.3% | 0.2% |
| CREDIT UNION ONE | $5,550,000 | $5,775,000 | 4.1% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $34,385,000 | $5,755,000 | -83.3% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $6,635,000 | $5,600,000 | -15.6% | 0.2% |
| Stifel Bank and Trust | $3,270,000 | $5,510,000 | 68.5% | 0.2% |
| GENISYS | $8,050,000 | $5,425,000 | -32.6% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $17,500,000 | $5,365,000 | -69.3% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $12,385,000 | $5,065,000 | -59.1% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $4,085,000 | $4,800,000 | 17.5% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $9,635,000 | $4,705,000 | -51.2% | 0.2% |
| Lake Trust Credit Union | $3,170,000 | $4,540,000 | 43.2% | 0.2% |
| Morgan Stanley Private Bank | $33,620,000 | $4,470,000 | -86.7% | 0.2% |
| GREENSTATE CREDIT UNION | $4,230,000 | n/a | 0.2% | |
| RUOFF MORTGAGE COMPANY, INC. | $28,085,000 | $4,030,000 | -85.7% | 0.1% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $7,240,000 | $3,905,000 | -46.1% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $9,715,000 | $3,670,000 | -62.2% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $4,930,000 | $3,495,000 | -29.1% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $8,830,000 | $3,495,000 | -60.4% | 0.1% |
| Northpointe Bank | $5,380,000 | $3,475,000 | -35.4% | 0.1% |
| UIF CORPORATION | $2,510,000 | $3,465,000 | 38.0% | 0.1% |
| Charles Schwab Bank, SSB | $9,180,000 | $3,460,000 | -62.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $3,355,000 | $3,190,000 | -4.9% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $16,125,000 | $3,170,000 | -80.3% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,855,000 | $3,095,000 | -19.7% | 0.1% |
| County National Bank | $2,555,000 | $3,035,000 | 18.8% | 0.1% |
| First State Bank | $1,425,000 | $3,035,000 | 113.0% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $4,575,000 | $2,980,000 | -34.9% | 0.1% |
| Figure Lending LLC | $815,000 | $2,850,000 | 249.7% | 0.1% |
| ROSS MORTGAGE CORPORATION | $7,460,000 | $2,840,000 | -61.9% | 0.1% |
| CP Financial Credit Union | $3,805,000 | $2,760,000 | -27.5% | 0.1% |
| First Federal Savings and Loan Association of Lakewood | $8,160,000 | $2,710,000 | -66.8% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $6,795,000 | $2,705,000 | -60.2% | 0.1% |
| Carrington Mortgage Services, LLC | $4,245,000 | $2,600,000 | -38.8% | 0.1% |
| DAS Acquisition Company, LLC | $175,000 | $2,560,000 | 1,362.9% | 0.1% |
| Citibank | $4,585,000 | $2,510,000 | -45.3% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $24,715,000 | $2,290,000 | -90.7% | 0.1% |
| USAA Federal Savings Bank | $3,275,000 | $2,280,000 | -30.4% | 0.1% |
| INSPIRE HOME LOANS INC. | $2,885,000 | $2,270,000 | -21.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,955,000 | $2,195,000 | 12.3% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $4,250,000 | $2,165,000 | -49.1% | 0.1% |
| EVERETT FINANCIAL, INC. | $1,630,000 | $2,150,000 | 31.9% | 0.1% |
| UNIFY FINANCIAL Credit Union | $820,000 | $2,020,000 | 146.3% | 0.1% |
| CONSUMERS | $1,205,000 | $2,015,000 | 67.2% | 0.1% |
| Dort Financial Credit Union | $955,000 | $1,950,000 | 104.2% | 0.1% |
| TJC Mortgage, Inc. | $2,955,000 | $1,915,000 | -35.2% | 0.1% |
| SOFI LENDING CORP. | $5,155,000 | $1,860,000 | -63.9% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $450,000 | $1,855,000 | 312.2% | 0.1% |
| ARBOR FINANCIAL CREDIT UNION | $4,335,000 | $1,740,000 | -59.9% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $1,735,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $6,315,000 | $1,730,000 | -72.6% | 0.1% |
| First Independence Bank | $925,000 | $1,710,000 | 84.9% | 0.1% |
| WINGS FINANCIAL | $2,395,000 | $1,700,000 | -29.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $2,225,000 | $1,680,000 | -24.5% | 0.1% |
| GENEVA FINANCIAL, LLC | $2,730,000 | $1,670,000 | -38.8% | 0.1% |
| Amalgamated Bank | $1,445,000 | $1,460,000 | 1.0% | 0.1% |
| SPRING EQ, LLC | $1,385,000 | $1,460,000 | 5.4% | 0.1% |
| LENDINGONE, LLC | $1,430,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $225,000 | $1,410,000 | 526.7% | 0.1% |
| Goldman Sachs Bank USA | $27,865,000 | $1,400,000 | -95.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $655,000 | $1,340,000 | 104.6% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $600,000 | $1,340,000 | 123.3% | 0.0% |
| Discover Bank | $850,000 | $1,335,000 | 57.1% | 0.0% |
| Hometown Lenders, Inc. | $585,000 | $1,335,000 | 128.2% | 0.0% |
| BAY EQUITY LLC | $1,325,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $11,485,000 | $1,325,000 | -88.5% | 0.0% |
| WALKER & DUNLOP, LLC | $22,460,000 | $1,305,000 | -94.2% | 0.0% |
| Dearborn Federal Savings Bank | $1,455,000 | $1,290,000 | -11.3% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,265,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $620,000 | $1,260,000 | 103.2% | 0.0% |
| VIBE CREDIT UNION | $2,395,000 | $1,255,000 | -47.6% | 0.0% |
| South Metro Federal Credit Union | $1,085,000 | $1,250,000 | 15.2% | 0.0% |
| DIGITAL Federal Credit Union | $715,000 | $1,240,000 | 73.4% | 0.0% |
| Truist | $2,320,000 | $1,190,000 | -48.7% | 0.0% |
| AmeriHome Mortgage Company, LLC | $4,115,000 | $1,180,000 | -71.3% | 0.0% |
| Nations Lending Corporation | $930,000 | $1,180,000 | 26.9% | 0.0% |
| First Horizon Bank | $1,135,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $710,000 | $1,135,000 | 59.9% | 0.0% |
| Luxury Mortgage Corp. | $3,030,000 | $1,125,000 | -62.9% | 0.0% |
| M&T Bank | $1,860,000 | $1,050,000 | -43.5% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $1,160,000 | $1,050,000 | -9.5% | 0.0% |
| 1st Source Bank | $1,015,000 | n/a | 0.0% | |
| Devon Bank | $975,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $3,125,000 | $965,000 | -69.1% | 0.0% |
| The Federal Savings Bank | $2,660,000 | $960,000 | -63.9% | 0.0% |
| Gateway First Bank | $950,000 | n/a | 0.0% | |
| Raymond James Bank | $1,775,000 | $950,000 | -46.5% | 0.0% |
| People Driven Credit Union | $930,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $1,135,000 | $925,000 | -18.5% | 0.0% |
| PHH Mortgage Corporation | $2,660,000 | $925,000 | -65.2% | 0.0% |
| Chicago Mortgage Solutions LLC | $9,845,000 | $895,000 | -90.9% | 0.0% |
| Lakeview Community Capital, LLC | $1,030,000 | $890,000 | -13.6% | 0.0% |
| Citadel Servicing Corporation | $705,000 | $885,000 | 25.5% | 0.0% |
| HOMESTEAD FUNDING CORP. | $3,265,000 | $870,000 | -73.4% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $1,310,000 | $865,000 | -34.0% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $245,000 | $860,000 | 251.0% | 0.0% |
| Village Bank & Trust | $860,000 | n/a | 0.0% | |
| TLC COMMUNITY Credit Union | $2,225,000 | $845,000 | -62.0% | 0.0% |
| DOW CHEMICAL EMPLOYEES' | $1,740,000 | $820,000 | -52.9% | 0.0% |
| FirstBank | $11,585,000 | $820,000 | -92.9% | 0.0% |
| COMMUNITY CHOICE CREDIT UNION | $520,000 | $815,000 | 56.7% | 0.0% |
| NEW DAY FINANCIAL, LLC | $3,465,000 | $815,000 | -76.5% | 0.0% |
| United Bank | $815,000 | n/a | 0.0% | |
| BLUELEAF LENDING, LLC | $1,100,000 | $810,000 | -26.4% | 0.0% |
| Commerce Home Mortgage, Inc. | $465,000 | $805,000 | 73.1% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $8,390,000 | $775,000 | -90.8% | 0.0% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $15,955,000 | $760,000 | -95.2% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $660,000 | $750,000 | 13.6% | 0.0% |
| Toyota Financial Savings Bank | $1,100,000 | $740,000 | -32.7% | 0.0% |
| Platinum Home Mortgage Corporation | $4,450,000 | $735,000 | -83.5% | 0.0% |
| Adventure Credit Union | $730,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $725,000 | n/a | 0.0% | |
| ALLIANCE CATHOLIC CREDIT UNION | $710,000 | n/a | 0.0% | |
| NORTHERN MORTGAGE SERVICES, LLC | $155,000 | $710,000 | 358.1% | 0.0% |
| AMERICAN ADVISORS GROUP | $1,395,000 | $705,000 | -49.5% | 0.0% |
| THE ANDERSON FINANCIAL GROUP, INC. | $835,000 | $700,000 | -16.2% | 0.0% |
| Sturgis Bank & Trust Company | $695,000 | n/a | 0.0% | |
| NATIONAL COOPERATIVE BANK, N.A. | $610,000 | $690,000 | 13.1% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $1,890,000 | $680,000 | -64.0% | 0.0% |
| Total Community Credit Union | $680,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $3,050,000 | $675,000 | -77.9% | 0.0% |
| FIRST HERITAGE FINANCIAL, LLC | $670,000 | n/a | 0.0% | |
| The Northern Trust Company | $665,000 | n/a | 0.0% | |
| MMS MORTGAGE SERVICES, LTD. | $3,830,000 | $660,000 | -82.8% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $380,000 | $655,000 | 72.4% | 0.0% |
| OAK MORTGAGE, LLC | $285,000 | $645,000 | 126.3% | 0.0% |
| Strong Home Mortgage, LLC | $4,965,000 | $645,000 | -87.0% | 0.0% |
| RESIDENTIAL BANCORP. | $245,000 | $640,000 | 161.2% | 0.0% |
| NP, Inc. | $635,000 | n/a | 0.0% | |
| AMERICAN FINANCE HOUSE LARIBA | $85,000 | $630,000 | 641.2% | 0.0% |
| FINANCIAL PLUS CREDIT UNION | $1,180,000 | $630,000 | -46.6% | 0.0% |
| ALLIANT CREDIT UNION | $200,000 | $625,000 | 212.5% | 0.0% |
| CMG MORTGAGE, INC. | $2,955,000 | $620,000 | -79.0% | 0.0% |
| Great Southern Bank | $615,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $195,000 | $600,000 | 207.7% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $2,380,000 | $595,000 | -75.0% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $550,000 | $590,000 | 7.3% | 0.0% |
| Homestead Savings Bank | $155,000 | $565,000 | 264.5% | 0.0% |
| Quontic Bank | $230,000 | $540,000 | 134.8% | 0.0% |
| TOWNE MORTGAGE COMPANY | $580,000 | $540,000 | -6.9% | 0.0% |
| NBKC BANK | $7,470,000 | $535,000 | -92.8% | 0.0% |
| First Savings Bank | $1,985,000 | $530,000 | -73.3% | 0.0% |
| Centier Bank | $295,000 | $525,000 | 78.0% | 0.0% |
| United Bank of Michigan | $725,000 | $525,000 | -27.6% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $1,470,000 | $520,000 | -64.6% | 0.0% |
| BECKAM FUNDING CORP. | $515,000 | n/a | 0.0% | |
| Guardian Savings Bank, A Federal Savings Bank | $515,000 | n/a | 0.0% | |
| BNY Mellon | $505,000 | n/a | 0.0% | |
| First Federal Bank | $860,000 | $500,000 | -41.9% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $485,000 | $500,000 | 3.1% | 0.0% |
| NUMARK CREDIT UNION | $155,000 | $490,000 | 216.1% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $490,000 | n/a | 0.0% | |
| OCMBC, INC. | $475,000 | n/a | 0.0% | |
| Chartwell Financial, LLC | $695,000 | $465,000 | -33.1% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $75,000 | $465,000 | 520.0% | 0.0% |
| ZILLOW HOME LOANS, LLC | $7,275,000 | $465,000 | -93.6% | 0.0% |
| Eastern Michigan Bank | $455,000 | n/a | 0.0% | |
| Stock Yards Bank & Trust Company | $455,000 | n/a | 0.0% | |
| J. VIRGIL, INC. | $3,560,000 | $445,000 | -87.5% | 0.0% |
| Northwest Bank | $445,000 | n/a | 0.0% | |
| EQUITY RESOURCES, INC. | $185,000 | $440,000 | 137.8% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $1,855,000 | $440,000 | -76.3% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $435,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $435,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $325,000 | $415,000 | 27.7% | 0.0% |
| Magnolia Bank | $830,000 | $415,000 | -50.0% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $1,920,000 | $405,000 | -78.9% | 0.0% |
| INLAND BANK & TRUST | $125,000 | $400,000 | 220.0% | 0.0% |
| Bank of England | $615,000 | $395,000 | -35.8% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $4,145,000 | $395,000 | -90.5% | 0.0% |
| ADVANTAGE ONE Credit Union | $820,000 | $390,000 | -52.4% | 0.0% |
| Zeal Credit Union | $720,000 | $390,000 | -45.8% | 0.0% |
| RBC Bank, (Georgia) | $395,000 | $375,000 | -5.1% | 0.0% |
| ASTERA | $370,000 | n/a | 0.0% | |
| GVC MORTGAGE, INC. | $2,200,000 | $365,000 | -83.4% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $505,000 | $365,000 | -27.7% | 0.0% |
| United Nations Federal Credit Union | $365,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $2,245,000 | $345,000 | -84.6% | 0.0% |
| LEGEND LENDING CORPORATION | $345,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $2,315,000 | $345,000 | -85.1% | 0.0% |
| Amerifirst Financial, Inc. | $545,000 | $335,000 | -38.5% | 0.0% |
| SOUTHWEST FUNDING, LP | $335,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $6,890,000 | $325,000 | -95.3% | 0.0% |
| BNC National Bank | $3,100,000 | $325,000 | -89.5% | 0.0% |
| LIMA ONE CAPITAL, LLC | $85,000 | $325,000 | 282.4% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $820,000 | $325,000 | -60.4% | 0.0% |
| WRIGHT-PATT CREDIT UNION, INC. | $410,000 | $325,000 | -20.7% | 0.0% |
| Public Service Credit Union | $145,000 | $320,000 | 120.7% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $1,890,000 | $305,000 | -83.9% | 0.0% |
| MLD MORTGAGE INC. | $325,000 | $305,000 | -6.2% | 0.0% |
| Preston Home Loans Inc | $1,765,000 | $305,000 | -82.7% | 0.0% |
| Republic Bank & Trust Company | $185,000 | $305,000 | 64.9% | 0.0% |
| LOANPAL, LLC | $195,000 | $300,000 | 53.8% | 0.0% |
| Honor Credit Union | $285,000 | $295,000 | 3.5% | 0.0% |
| PROPER RATE, LLC | $295,000 | n/a | 0.0% | |
| 1st State Financial, Ltd. | $285,000 | n/a | 0.0% | |
| Bank of Springfield | $285,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $285,000 | n/a | 0.0% | |
| Blue Ridge Bank | $275,000 | n/a | 0.0% | |
| Peoples Bank | $275,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $2,140,000 | $275,000 | -87.1% | 0.0% |
| MICHIGAN COLUMBUS | $230,000 | $270,000 | 17.4% | 0.0% |
| S1L, Inc. | $145,000 | $265,000 | 82.8% | 0.0% |
| BLG HOLDINGS, INC. | $2,760,000 | $255,000 | -90.8% | 0.0% |
| Waterford Bank, N.A. | $255,000 | n/a | 0.0% | |
| EMM LOANS LLC | $245,000 | n/a | 0.0% | |
| Grand River Bank | $245,000 | n/a | 0.0% | |
| Arvest Bank | $1,580,000 | $235,000 | -85.1% | 0.0% |
| GEORGIA'S OWN | $235,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $1,140,000 | $235,000 | -79.4% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $245,000 | $225,000 | -8.2% | 0.0% |
| ChoiceOne Bank | $225,000 | $215,000 | -4.4% | 0.0% |
| FreeStar Financial Credit Union | $215,000 | n/a | 0.0% | |
| Isabella Bank | $1,525,000 | $215,000 | -85.9% | 0.0% |
| Axos Bank | $715,000 | $205,000 | -71.3% | 0.0% |
| Sunflower Bank | $1,290,000 | $205,000 | -84.1% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $5,135,000 | $195,000 | -96.2% | 0.0% |
| EMBRACE HOME LOANS, INC. | $1,045,000 | $185,000 | -82.3% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,655,000 | $185,000 | -93.0% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $95,000 | $185,000 | 94.7% | 0.0% |
| SUMMIT FUNDING, INC. | $2,685,000 | $185,000 | -93.1% | 0.0% |
| GUILD MORTGAGE COMPANY | $335,000 | $175,000 | -47.8% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $360,000 | $165,000 | -54.2% | 0.0% |
| First Home Bank | $340,000 | $165,000 | -51.5% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $335,000 | $165,000 | -50.7% | 0.0% |
| Mid-Continent Funding, Inc. | $165,000 | n/a | 0.0% | |
| UNITED | $610,000 | $165,000 | -73.0% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $570,000 | $155,000 | -72.8% | 0.0% |
| US MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $500,000 | $145,000 | -71.0% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $155,000 | $135,000 | -12.9% | 0.0% |
| GTE Federal Credit Union | $135,000 | n/a | 0.0% | |
| GREENWOOD | $85,000 | $130,000 | 52.9% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $1,040,000 | $125,000 | -88.0% | 0.0% |
| Princeton Mortgage Corporation | $545,000 | $125,000 | -77.1% | 0.0% |
| Neighborhood Loans, Inc. | $490,000 | $115,000 | -76.5% | 0.0% |
| TEAM ONE CREDIT UNION | $1,860,000 | $115,000 | -93.8% | 0.0% |
| AMERICAN FINANCING CORPORATION | $2,220,000 | $105,000 | -95.3% | 0.0% |
| CHEVRON | $105,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $105,000 | n/a | 0.0% | |
| Commerce Bank | $145,000 | $105,000 | -27.6% | 0.0% |
| First National Bank of America | $105,000 | n/a | 0.0% | |
| Ixonia Bank | $440,000 | $105,000 | -76.1% | 0.0% |
| Meijer Credit Union | $105,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $1,110,000 | $105,000 | -90.5% | 0.0% |
| UNIVERSITY CREDIT UNION | $100,000 | n/a | 0.0% | |
| Wildfire Credit Union | $1,110,000 | $90,000 | -91.9% | 0.0% |
| Ardent Federal Credit Union | $85,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $145,000 | $80,000 | -44.8% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $11,315,000 | $75,000 | -99.3% | 0.0% |
| CORNERSTONE COMMUNITY FINANCIAL | $55,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $365,000 | $55,000 | -84.9% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $55,000 | $35,000 | -36.4% | 0.0% |
| MONROE COUNTY COMMUNITY CREDIT UNION | $445,000 | $25,000 | -94.4% | 0.0% |
ANN ARBOR's top lender by overall market share is Wells Fargo Bank, with 6.3% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $169,885,000 in loans. In third place, with 5.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $140,460,000 in loans. In fourth place, with 3.9%, is LAKE MICHIGAN CREDIT UNION, having originated $106,540,000 in loans. In fifth place, with 3.8%, is The Huntington National Bank, having originated $102,490,000 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 | $389,725 (17.7%) | $506,485 (13.3%) | 1.45 | 552 |
| 2018-02-01 | $392,250 (13.9%) | $513,914 (1.9%) | 1.43 | 544 |
| 2018-03-01 | $390,000 (3.8%) | $506,063 (-2.6%) | 1.37 | 583 |
| 2018-04-01 | $394,950 (1.3%) | $489,742 (-7.4%) | 1.34 | 666 |
| 2018-05-01 | $406,450 (3.2%) | $493,815 (-6.9%) | 1.36 | 800 |
| 2018-06-01 | $408,500 (4.9%) | $495,888 (-3.2%) | 1.36 | 885 |
| 2018-07-01 | $409,500 (7.5%) | $486,820 (0.6%) | 1.37 | 981 |
| 2018-08-01 | $393,950 (6.5%) | $459,729 (-3.8%) | 1.32 | 1,065 |
| 2018-09-01 | $390,000 (5.4%) | $462,854 (-2.8%) | 1.31 | 1,066 |
| 2018-10-01 | $393,625 (6.1%) | $463,979 (-6.0%) | 1.33 | 1,040 |
| 2018-11-01 | $396,500 (-0.7%) | $461,290 (-8.5%) | 1.34 | 965 |
| 2018-12-01 | $399,000 (-0.3%) | $457,678 (-8.7%) | 1.38 | 837 |
| 2019-01-01 | $399,900 (2.6%) | $461,700 (-8.8%) | 1.38 | 743 |
| 2019-02-01 | $399,950 (2.0%) | $468,019 (-8.9%) | 1.35 | 741 |
| 2019-03-01 | $404,246 (3.7%) | $477,400 (-5.7%) | 1.32 | 850 |
| 2019-04-01 | $407,481 (3.2%) | $486,408 (-0.7%) | 1.29 | 963 |
| 2019-05-01 | $417,250 (2.7%) | $492,013 (-0.4%) | 1.30 | 1,071 |
| 2019-06-01 | $417,000 (2.1%) | $502,242 (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 (2.5%) | 1.25 | 1,200 |
| 2019-09-01 | $386,264 (-1.0%) | $460,886 (-0.4%) | 1.24 | 1,196 |
| 2019-10-01 | $379,450 (-3.6%) | $450,993 (-2.8%) | 1.22 | 1,192 |
| 2019-11-01 | $373,900 (-5.7%) | $439,462 (-4.7%) | 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 | $398,945 (-1.3%) | $466,946 (-2.2%) | 1.25 | 859 |
| 2020-04-01 | $399,000 (-2.1%) | $460,566 (-5.3%) | 1.25 | 891 |
| 2020-05-01 | $398,000 (-4.6%) | $457,019 (-7.1%) | 1.21 | 1,066 |
| 2020-06-01 | $398,950 (-4.3%) | $463,549 (-7.7%) | 1.18 | 1,085 |
| 2020-07-01 | $399,450 (-2.2%) | $471,269 (-3.1%) | 1.16 | 1,039 |
| 2020-08-01 | $399,000 (1.2%) | $473,045 (0.4%) | 1.14 | 1,014 |
| 2020-09-01 | $399,950 (3.5%) | $482,458 (4.7%) | 1.15 | 964 |
| 2020-10-01 | $410,095 (8.1%) | $493,696 (9.5%) | 1.18 | 897 |
| 2020-11-01 | $419,000 (12.1%) | $491,498 (11.8%) | 1.23 | 796 |
| 2020-12-01 | $416,869 (13.1%) | $491,171 (13.1%) | 1.24 | 703 |
| 2021-01-01 | $429,900 (16.7%) | $510,318 (17.9%) | 1.28 | 568 |
| 2021-02-01 | $443,246 (14.2%) | $536,294 (18.7%) | 1.29 | 493 |
| 2021-03-01 | $449,600 (12.7%) | $540,947 (15.9%) | 1.28 | 456 |
| 2021-04-01 | $449,300 (12.6%) | $559,009 (21.4%) | 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 (18.6%) | 1.12 | 598 |
| 2021-07-01 | $422,000 (5.7%) | $550,094 (16.7%) | 1.11 | 665 |
| 2021-08-01 | $399,950 (0.2%) | $531,540 (12.4%) | 1.07 | 692 |
| 2021-09-01 | $412,475 (3.1%) | $543,570 (12.7%) | 1.10 | 613 |
| 2021-10-01 | $415,000 (1.2%) | $553,831 (12.2%) | 1.11 | 560 |
| 2021-11-01 | $399,100 (-4.8%) | $554,373 (12.8%) | 1.07 | 489 |
| 2021-12-01 | $407,745 (-2.2%) | $563,225 (14.7%) | 1.11 | 411 |
| 2022-01-01 | $428,695 (-0.3%) | $576,600 (13.0%) | 1.16 | 329 |
| 2022-02-01 | $444,500 (0.3%) | $598,012 (11.5%) | 1.16 | 293 |
| 2022-03-01 | $414,250 (-7.9%) | $578,053 (6.9%) | 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%) | $564,667 (2.7%) | 1.00 | 479 |
| 2022-07-01 | $455,500 (7.9%) | $568,611 (3.4%) | 1.03 | 580 |
| 2022-08-01 | $449,950 (12.5%) | $548,142 (3.1%) | 1.04 | 618 |
| 2022-09-01 | $449,896 (9.1%) | $549,092 (1.0%) | 1.05 | 616 |
| 2022-10-01 | $449,000 (8.2%) | $553,824 (0.0%) | 1.06 | 621 |
| 2022-11-01 | $437,000 (9.5%) | $545,572 (-1.6%) | 1.05 | 586 |
| 2022-12-01 | $422,450 (3.6%) | $544,585 (-3.3%) | 1.04 | 463 |
| 2023-01-01 | $432,263 (0.8%) | $567,688 (-1.6%) | 1.07 | 414 |
| 2023-02-01 | $449,719 (1.2%) | $599,021 (0.2%) | 1.09 | 366 |
| 2023-03-01 | $468,750 (13.2%) | $631,888 (9.3%) | 1.11 | 374 |
| 2023-04-01 | $475,000 (10.5%) | $647,164 (10.6%) | 1.10 | 394 |
| 2023-05-01 | $495,225 (10.0%) | $644,288 (9.0%) | 1.12 | 393 |
ANN ARBOR's median listing price for 2023-05-01 was $495,225, a difference of
$44,842
(10.0%) versus the prior year and
$20,225 versus the prior month.
ANN ARBOR's median listing price comes in at 112% of the national average.
ANN ARBOR's average listing price for 2023-05-01 was $644,288, a difference of $53,171 (9.0%) versus the prior year and $-2,876 versus the prior month.
For the 2023-05-01 period, ANN ARBOR had 393 MLS listings, a difference of -1 listings (0%) versus the prior month and -5 listings (-1%) versus the prior year.
ANN ARBOR's median listing price comes in at 112% of the national average.
ANN ARBOR's average listing price for 2023-05-01 was $644,288, a difference of $53,171 (9.0%) versus the prior year and $-2,876 versus the prior month.
For the 2023-05-01 period, ANN ARBOR had 393 MLS listings, a difference of -1 listings (0%) versus the prior month and -5 listings (-1%) 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 | 2,093 sqft |
| 2018-02-01 | 71 days | 2,139 sqft |
| 2018-03-01 | 44 days | 2,047 sqft |
| 2018-04-01 | 35 days | 2,059 sqft |
| 2018-05-01 | 32 days | 2,069 sqft |
| 2018-06-01 | 38 days | 2,082 sqft |
| 2018-07-01 | 41 days | 2,053 sqft |
| 2018-08-01 | 42 days | 1,976 sqft |
| 2018-09-01 | 52 days | 1,996 sqft |
| 2018-10-01 | 57 days | 2,004 sqft |
| 2018-11-01 | 59 days | 1,999 sqft |
| 2018-12-01 | 71 days | 1,965 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 | 2,086 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 | 2,034 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 | 39 days | 2,100 sqft |
| 2020-04-01 | 54 days | 2,064 sqft |
| 2020-05-01 | 59 days | 2,048 sqft |
| 2020-06-01 | 41 days | 2,027 sqft |
| 2020-07-01 | 49 days | 2,038 sqft |
| 2020-08-01 | 51 days | 2,018 sqft |
| 2020-09-01 | 53 days | 2,017 sqft |
| 2020-10-01 | 52 days | 2,053 sqft |
| 2020-11-01 | 57 days | 1,988 sqft |
| 2020-12-01 | 73 days | 1,990 sqft |
| 2021-01-01 | 85 days | 2,029 sqft |
| 2021-02-01 | 73 days | 2,045 sqft |
| 2021-03-01 | 41 days | 1,993 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 | 1,908 sqft |
| 2022-07-01 | 29 days | 1,954 sqft |
| 2022-08-01 | 37 days | 1,900 sqft |
| 2022-09-01 | 41 days | 1,920 sqft |
| 2022-10-01 | 44 days | 1,954 sqft |
| 2022-11-01 | 50 days | 1,919 sqft |
| 2022-12-01 | 68 days | 1,859 sqft |
| 2023-01-01 | 66 days | 1,857 sqft |
| 2023-02-01 | 50 days | 1,915 sqft |
| 2023-03-01 | 38 days | 1,940 sqft |
| 2023-04-01 | 33 days | 1,918 sqft |
| 2023-05-01 | 33 days | 1,930 sqft |
ANN ARBOR's median listing age (time on market) for 2023-05-01 was 33 days.
This
is 28%
longer
than the same period one year ago.
ANN ARBOR's median square footage for active listings during the 2023-05-01 period was 1,930 sqft. One year prior, the average listing was 1,854 sqft.
ANN ARBOR's median square footage for active listings during the 2023-05-01 period was 1,930 sqft. One year prior, the average listing was 1,854 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.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 48103 | Ann Arbor, MI | $1,240 | $1,250 | $1,500 | $1,850 | $2,160 |
| 48104 | Ann Arbor, MI | $1,270 | $1,270 | $1,530 | $1,890 | $2,200 |
| 48105 | Ann Arbor, MI | $1,230 | $1,230 | $1,480 | $1,830 | $2,130 |
| 48106 | Ann Arbor, MI | $1,050 | $1,050 | $1,260 | $1,560 | $1,810 |
| 48107 | Ann Arbor, MI | $1,050 | $1,050 | $1,260 | $1,560 | $1,810 |
| 48108 | Ann Arbor, MI | $960 | $960 | $1,160 | $1,440 | $1,710 |
| 48109 | Ann Arbor, MI | $1,250 | $1,250 | $1,510 | $1,860 | $2,170 |
| 48111 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 48113 | Ann Arbor, MI | $1,050 | $1,050 | $1,260 | $1,560 | $1,810 |
| 48118 | Ann Arbor, MI | $970 | $970 | $1,170 | $1,450 | $1,710 |
| 48130 | Ann Arbor, MI | $1,070 | $1,070 | $1,290 | $1,590 | $1,860 |
| 48137 | Ann Arbor, MI | $1,030 | $1,180 | $1,420 | $1,840 | $2,080 |
| 48158 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 48160 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 48167 | Ann Arbor, MI | $980 | $1,120 | $1,430 | $1,800 | $1,950 |
| 48168 | Ann Arbor, MI | $1,120 | $1,280 | $1,630 | $2,060 | $2,230 |
| 48169 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 48170 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 48175 | Ann Arbor, MI | $1,050 | $1,050 | $1,260 | $1,560 | $1,810 |
| 48176 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 48178 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,450 | $1,710 |
| 48189 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 48190 | Ann Arbor, MI | $1,070 | $1,080 | $1,310 | $1,630 | $1,910 |
| 48191 | Ann Arbor, MI | $1,250 | $1,260 | $1,520 | $1,880 | $2,190 |
| 48197 | Ann Arbor, MI | $940 | $940 | $1,140 | $1,440 | $1,710 |
| 48198 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 49229 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 49230 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 49236 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 49240 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 49285 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 49287 | Ann Arbor, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
2022 Average & Median Rent Data Statistics
ANN ARBOR, MI average 1BR rent: $1,036, median: $950
ANN ARBOR, MI average 2BR rent: $1,257, median: $1,150
ANN ARBOR, MI average 3BR rent: $1,575, median: $1,445
ANN ARBOR, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,333 | $1,630,025,000 | $376,189 |
| Cash Out Refi | 1,366 | $433,150,000 | $317,094 |
| Home Improvement | 1,125 | $139,045,000 | $123,596 |
| Refi | 1,012 | $431,260,000 | $426,146 |
| Other | 677 | $92,565,000 | $136,728 |
| NA | 4 | $2,720,000 | $680,000 |
Ann Arbor's most frequently cited loan purpose was Home Purchase, with 4,333 originations. The 2nd most popular reason was Cash Out Refi, with 1,366 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,070 | $619,690,000 | $299,367 |
| 5-6% | 1,980 | $557,030,000 | $281,328 |
| 4-5% | 1,880 | $765,940,000 | $407,415 |
| 6-7% | 1,022 | $232,720,000 | $227,710 |
| 2.5-3% | 563 | $174,875,000 | $310,613 |
| <2.5% | 329 | $239,675,000 | $728,495 |
| 7-8% | 314 | $58,950,000 | $187,739 |
| Over 8% | 298 | $23,820,000 | $79,933 |
During 2022, Ann Arbor's most frequently originated rate bucket was 3-4%, with 2,070 originations.
Loan Sizing (ANN ARBOR, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 3,184 | $903,740,000 | $283,838 |
| $100k-200k | 2,256 | $333,230,000 | $147,708 |
| $100,000 or less | 1,551 | $89,895,000 | $57,959 |
| $400k-600k | 1,011 | $482,695,000 | $477,443 |
| $600k-1000k | 398 | $286,910,000 | $720,879 |
| $Over $1MM | 117 | $632,295,000 | $5,404,231 |
ANN ARBOR's loan sizing saw the bucket of loans from $200k-400k with 3,184 originations, totaling $903,740,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,745 | $937,065,000 | $341,372 |
| 60-80% | 2,343 | $1,135,635,000 | $484,693 |
| 40-60% | 1,095 | $313,855,000 | $286,626 |
| 20-40% | 1,080 | $159,960,000 | $148,111 |
| Under 20% | 1,018 | $68,360,000 | $67,151 |
| Over 100% | 30 | $43,380,000 | $1,446,000 |
ANN ARBOR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,745 originations, totaling $937,065,000 in origination value.