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 $536,889, higher than the Ann Arbor average of $396,799.

The average cost of rent is $1,396/mo in Burns Park, primarily driven by the current value of real estate in the Burns Park area. While nearly 44.37% of residents own their homes outright in Burns Park, 55.61% rent.

Housing affordability isn’t just about home prices, though. The average household income in Burns Park is $6,200 per month. Households that rent pay about 22.52% of their income on rent here. Burns Park's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.


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