Median Home Price
$399,989.85
Median Rent
$2,164.82/mo
Price-to-Rent Ratio
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
$216,047.91
Median RentBETTER
$1,303.21/mo
Price-to-Rent RatioBETTER
13.8
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+4.7%
Price Change (5Y)BETTER
+23.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$35,166
Key Differences
Home Prices
Ann Arbor's median home price of $399,989.85 is higher than Lansing's $216,047.91 by 85%.
Monthly Rent
Renting in Ann Arbor costs $2,164.82/mo compared to $1,303.21/mo in Lansing—a difference of $861.61/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.