DollarTimes
You are Here:
DollarTimes.com > Mortgage > Michigan > Ann Arbor
Ann Arbor, Michigan Mortgage and Housing Information
Population: 114,024
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Ann Arbor
Income
| U.S. | Michigan | Ann Arbor | |
|---|---|---|---|
| Median Earnings | $27,239 | $26,851 | $21,242 |
| Median Earnings, Males | $32,396 | $34,153 | $26,089 |
| Median Earnings, Females | $22,097 | $20,985 | $17,778 |
Males earn $8,311 (46.7%) more than Females in Ann Arbor.
Commuting in Ann Arbor
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 37,687 |
| Carpooled | 4,746 |
| Public Transit | 3,968 |
| Bicycle | 1,373 |
| Walking | 9,505 |
| Other Means | 272 |
| Total, Commuted | 57,551 |
| Worked from home | 2,637 |
| Total | 60,188 |
Time Spent Commuting in Ann Arbor
Time spent commuting in Ann Arbor
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 2,181 |
| 5-9 | 8,928 |
| 10-14 | 14,299 |
| 15-19 | 11,932 |
| 20-24 | 6,679 |
| 25-29 | 1,964 |
| 30-34 | 3,900 |
| 35-39 | 1,122 |
| 40-44 | 1,330 |
| 45-59 | 3,196 |
| 60-89 | 1,575 |
| Over 90 | 445 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 3,515 | 11.0% | 3,765 | 11.8% |
| Associate Degree | 1,263 | 3.9% | 1,481 | 4.6% |
| Bachelor's Degree | 9,361 | 29.3% | 10,908 | 34.1% |
| Master's Degree | 6,784 | 21.2% | 7,581 | 23.7% |
| Professional Degree | 2,460 | 7.7% | 1,324 | 4.1% |
| Doctorate Degree | 5,151 | 16.1% | 2,964 | 9.3% |
| Total (at least some college) | 28,534 | 89.2% | 28,023 | 90.6% |
| Total over 25 | 31,992 | 100% | 30,926 | 100% |
Housing in Ann Arbor
Value of Houses and Condos
| U.S. | Michigan | Ann Arbor | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $153,300 | $271,000 |
Monthly Owner Costs
| U.S. | Michigan | Ann Arbor | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,302 | $1,879 |
| Without a mortgage | $399 | $422 | $738 |
Tenancy in Ann Arbor
| Owner-occupied homes | 20,146 |
|---|---|
| Renter-occupied homes | 25,482 |
| Homes for sale | 538 |
| Homes for rent | 1,789 |
| Total | 50,185 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in Ann Arbor (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 5,179 | 25.7% |
| First Mortgage Only | 10,624 | 52.7% |
| Second Mortgage and/or Home Equity Loan | 4,343 | 21.6% |
| Total | 20,146 | 100% |
Age of Ann Arbor Residents
| Males | Females |
|---|---|
| 27 | 29 |
Mortgage Calculator
What Will Your Monthly Payment Be?
Results
?This will calculate your approximate monthly mortgage payment based on the purchase price and your loan details.
This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.