Median Home Price
$399,989.85
Median Rent
$2,164.82/mo
Price-to-Rent RatioBETTER
15.4
Property Tax RateTIE
1.54%
Price Change (1Y)
+1.9%
Price Change (5Y)
+9.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$190,247
Median Home PriceBETTER
$335,851.05
Median RentBETTER
$1,746.16/mo
Price-to-Rent Ratio
16.0
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+4.1%
Price Change (5Y)BETTER
+20.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$109,255
Key Differences
Home Prices
Ann Arbor's median home price of $399,989.85 is higher than Grand Rapids's $335,851.05 by 19%.
Monthly Rent
Renting in Ann Arbor costs $2,164.82/mo compared to $1,746.16/mo in Grand Rapids—a difference of $418.66/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.