Ann Arbor, Michigan is a part of the Ann Arbor Submarket submarket area, and contains 8 zip codes, including: 48109, 48108, 48113, 48107, 48106, and 48103.
The 2019 average effective rent for Class A, B, and C apartments in the Ann Arbor, MI submarket area was $1,264, which is 24.53% higher than 2014 average rent. This represents a compounded annual growth rate of 4.49%. 2019 vacancy in Ann Arbor, MI was 2.10%.
The total population of the city of Ann Arbor, MI has grown 6.98% since 2010. As of 2018, the population was 121,890. The median household income of the Ann Arbor was $63,956, which is 6.08% higher than the national average.