Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Carpenter area can be challenging. Home prices in Carpenter are now at a median cost of $297,295, lower than the Ann Arbor average of $492,573.
The average cost of rent is $1,443/mo in Carpenter, primarily driven by the current value of real estate in the Carpenter area. In Carpenter, 45.04% of households rent, and 33.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carpenter is $6,788 per month. Households that rent pay about 21.25% of their income on rent here. Carpenter’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Bryant Pattengill East, Ann Arbor, MI: higher priced homes
- Downtown Pittsfield, Ann Arbor, MI: higher priced homes
- Bryant Pattengill West, Ann Arbor, MI: higher priced homes
- Burns Park, Ann Arbor, MI: higher priced homes
- Angells, Ann Arbor, MI: higher priced homes
- Bach, Ann Arbor, MI: higher priced homes
- King, Ann Arbor, MI: higher priced homes
- Ypsilanti Historic District, Ypsilanti, MI: less expensive homes
- Eberwhite, Ann Arbor, MI: higher priced homes
- Dicken, Ann Arbor, MI: higher priced homes
Neighborhoods with Similar Populations
- Charleston, Bremerton, WA: higher priced homes
- College Heights, Wellesley, MA: higher priced homes
- On Top of The World, Clearwater, FL: less expensive homes
- Felicita, Escondido, CA: higher priced homes
- Franklin Park, Trenton, NJ: less expensive homes
- Hamilton, Worcester, MA: higher priced homes
- Harwood Lane, Charlotte, NC: higher priced homes
- Haynes Area, Nashville, TN: higher priced homes
- Highland, Rochester, NY: less expensive homes
- Highlands Park, Renton, WA: higher priced homes
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