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These days, finding an affordable place to live in the Ypsilanti area can be challenging. Home prices in Ypsilanti are now at a median cost of $250,645, higher than the Michigan average of $250,415.
The average cost of rent is $1,447/mo in Ypsilanti, primarily driven by the current value of real estate in the Ypsilanti area. In Ypsilanti, 43.45% of households rent, and 40.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ypsilanti is $6,792 per month. Households that rent pay about 21.30% of their income on rent here. Ypsilanti’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dixboro, MI: higher priced homes
- Belleville, MI: equally priced homes
- Whittaker, MI: higher priced homes
- Willis, MI: equally priced homes
- Ann Arbor, MI: higher priced homes
- Saline, MI: higher priced homes
- Canton, MI: higher priced homes
- West Sumpter, MI: equally priced homes
- Milan, MI: higher priced homes
- Mooreville, MI: higher priced homes
Cities with Similar Populations
- Sonora, OH: equally priced homes
- Simi Valley, CA: higher priced homes
- Shannon, KY: equally priced homes
- South Wales, NY: equally priced homes
- Sioux City, IA: less expensive homes
- Sioux Falls, SD: higher priced homes
- Shreveport, LA: less expensive homes
- Simpsonville, SC: higher priced homes
- Slidell, LA: equally priced homes
- South Weare, NH: higher priced homes
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