The Most Affordable Neighborhoods in Burns Park, Ann Arbor, MI by Home Value

 

Burns Park, Ann Arbor, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Burns Park area can be challenging. Home prices in Burns Park are now at a median cost of $596,769, higher than the Ann Arbor average of $492,573.

The average cost of rent is $1,493/mo in Burns Park, primarily driven by the current value of real estate in the Burns Park area. In Burns Park, 62.50% of households rent, and 46.93% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Burns Park is $6,396 per month. Households that rent pay about 23.35% of their income on rent here. Burns Park’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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