Ann Arbor is a vibrant city known for its diverse neighborhoods, top-rated schools, and abundant outdoor activities. Whether you’re relocating to Ann Arbor for work, education, or a lifestyle change, this city offers something for everyone. From the best neighborhoods in Ann Arbor to housing options, we’ll guide you through everything you need to know.

Cost of Living in Ann Arbor

How expensive is it to live in Ann Arbor compared to other cities?

The cost of living in Ann Arbor is 4% higher than the national average. Housing is the biggest factor, with costs 34.7% above the U.S. median. The median home price is $455,500, while rent averages $1,630/month for a two-bedroom—14% higher than the national average. Groceries are 8% higher, but transportation costs are 3% lower than the U.S. average. Compared to Detroit, Ann Arbor is 24% more expensive overall, primarily due to higher housing prices. Utility costs for a standard apartment (915 sq. ft.) average $176/month, slightly above Michigan’s state average.

Housing Market & Real Estate Trends

Ann Arbor real estate market is highly competitive, with homes receiving an average of 4 offers and selling within 23 days.
The median sale price is $455,500, up 5.2% year-over-year.
62% of homes sell above asking price, typically 3-5% over listing.
Housing inventory remains low, with just 1.8 months of supply, leading to bidding wars, especially for homes under $500,000.

Ann Arbor Housing Options: Should You Rent or Buy?

If you’re moving to Ann Arbor, you might be wondering whether it’s better to rent or buy.

Buying: Mortgage payments (~$2,880/month at 6.5%) are higher than rent, but home values have increased 5.2% annually, making it a good long-term investment.
Renting: More budget-friendly in the short term—$1,280/month for a one-bedroom and $1,630/month for a two-bedroom. Luxury apartments in Ann Arbor can cost $2,500+ per month.
Rent prices are rising 4.8% per year, so long-term residents may benefit from purchasing.

Best Neighborhoods in Ann Arbor

Where should you live? Here are some of Ann Arbor’s best neighborhoods, depending on your lifestyle:

Families: Burns Park – Excellent schools, parks, and spacious homes ($750,000 median price).
Young Professionals: Kerrytown – Walkable, farmers markets, nightlife ($1,850/month apartments).
Students: South University Area – Close to campus, affordable rentals ($1,400/month for one-bedroom).
Others: Water Hill – Historic homes ($600,000 median price) with an artistic vibe. Old West Side – Charming properties ($550,000 median price) near downtown.

Most Walkable and Bike-Friendly Areas

Most Walkable: Kerrytown (Walk Score 89), Downtown Ann Arbor (87), South University (86).
Most Bike-Friendly: Burns Park (Bike Score 85), Old West Side (83). Ann Arbor overall has a Bike Score of 82, with 90+ miles of bike lanes.

Ann Arbor Condos for Sale

For those seeking low-maintenance urban living, Ann Arbor condos for sale offer a great option:

Kingsley Condominiums – Luxury boutique condos with floor-to-ceiling windows and rooftop terraces.
330 Detroit Street Condos – Exclusive 15-unit development in Kerrytown, near top restaurants and markets.
North Oaks of Ann Arbor – Modern villa-style condos with high ceilings and designer kitchens.

Lifestyle & Things to Do in Ann Arbor

Outdoor Activities

Ann Arbor is perfect for outdoor enthusiasts:

Gallup Park – 69 acres of trails, kayaking, and picnic areas.
Nichols Arboretum – 123 acres of scenic trails and botanical gardens.
Border-to-Border Trail – 35 miles of biking and hiking trails.
Bird Hills Nature Area – 161-acre forested hiking trails.
Pinckney Recreation Area – 11,000 acres of trails, lakes, and camping.

Dining & Food Scene

The city’s dining scene is diverse, with over 400 restaurants offering everything from farm-to-table meals to international flavors.

Zingerman’s Deli – An Ann Arbor icon for gourmet sandwiches.
Frita Batidos – Cuban-inspired burgers and street food.
Miss Kim – Authentic Korean cuisine with a modern twist.
Aventura – Spanish tapas and wine bar.
HOMES Brewery – One of Ann Arbor’s top craft beer spots.

Entertainment & Events

University of Michigan Wolverines – Football at The Big House (largest stadium in the U.S.).
Ann Arbor Art Fair – One of the nation’s largest outdoor art fairs every July.
Michigan Theater – Hosts indie films, concerts, and live performances.
The Ark – A top venue for live music and intimate performances.
Ann Arbor Farmers Market – A year-round hub for fresh local produce.

Helping You Relocate to Ann Arbor with Ease

Whether you’re buying, selling, or investing, our team ensures that relocating to Ann Arbor is a smooth and stress-free experience. From finding the perfect neighborhood to securing the best home for your needs, we’re here to guide you every step of the way. Reach out now to find your new home!