menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ypsilanti, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ypsilanti, MI Housing Market Trends

With 19,732 people, 8,625 houses or apartments, and a median cost of homes of $268,746, Ypsilanti real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Ypsilanti, accounting for 42.45% of the city's housing units. Other types of housing that are prevalent in Ypsilanti include single-family detached homes ( 37.88%), duplexes, homes converted to apartments or other small apartment buildings ( 16.49%), and a few row houses and other attached homes ( 2.91%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Ypsilanti is dominated by renter-occupied one, two, or no bedrooms apartments. 71.18% of Ypsilanti's dwellings are rentals.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ypsilanti's housing was primarily built during this period, from the '40s through the '60s. A full 39.35% of the city's housing hails from this era. Other housing ages represented in Ypsilanti include homes built before 1939 ( 30.06%) and housing constructed between 1970-1999 ( 27.29%). There's also some housing in Ypsilanti built between 2000 and later ( 3.30%).

Ypsilanti Home Appreciation Rates

Appreciation rates for homes in Ypsilanti have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.81%, which ranks in the top 30% nationwide. This equates to an annual average Ypsilanti house appreciation rate of 7.69%.

Over the last year, Ypsilanti appreciation rates have trailed the rest of the nation. In the last twelve months, Ypsilanti's appreciation rate has been 2.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ypsilanti were at -1.21%, which equates to an annual appreciation rate of -4.74%.

Notably, Ypsilanti's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Ypsilanti's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ypsilanti differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ypsilanti - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ypsilanti real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$268,746

Ypsilanti, MI Home Prices
> $1,269,000
$951,001 - $1,269,000
$634,001 - $951,000
$508,001 - $634,000
$381,001 - $508,000
$254,001 - $381,000
$127,001 - $254,000
$64,001 - $127,000
$0 - $64,000
0.0%
0.0%
1.6%
1.6%
1.6%
1.6%
2.9%
2.9%
7.2%
7.2%
39.7%
39.7%
33.9%
33.9%
10.5%
10.5%
2.6%
2.6%
0% 100.0%
% of Homes
High

for Michigan

Average

for nation

Number of Homes And Apartments:

8,625

Ypsilanti Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,381 / per month

Homeownership Rate

Owners
Renters
28.8%
28.8%
71.2%
71.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.6%
6.6%
93.4%
93.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.3%
3.3%
27.3%
27.3%
39.4%
39.4%
30.1%
30.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.9%
37.9%
2.9%
2.9%
16.5%
16.5%
42.5%
42.5%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.1%
3.1%
26.9%
26.9%
31.1%
31.1%
28.2%
28.2%
7.4%
7.4%
3.3%
3.3%
0% 100.0%
% of Homes