Ypsilanti, MI housing market
Homes typically sell in 37 days, close to asking.
Home values, sales, trends and how Ypsilanti compares with the towns next door — updated as new data is published.
Ypsilanti at a glance
A seller's market
Supply is tight — about 2.2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 49% in 5 years
The federal house price index for the ZIP codes around Ypsilanti rose 49% over the past 5 years, about the same as across Michigan. Last year prices rose 4.9%. Carrying the Census median home value forward with that index puts the typical Ypsilanti home at roughly $376,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +4.9% | +98% | +97% |
| 2024 | +5.5% | +88% | +88% |
| 2023 | +5.6% | +79% | +76% |
| 2022 | +14% | +69% | +64% |
| 2021 | +11% | +48% | +45% |
| 2020 | +2.9% | +33% | +30% |
| 2019 | +5.5% | +29% | +26% |
| 2018 | +10% | +22% | +20% |
| 2017 | +9.8% | +11% | +12% |
| 2016 | +6.6% | +1.3% | +5.3% |
| 2015 | +5% | −5% | 0% |
| 2014 | +11% | −9.5% | −4.7% |
| 2013 | +7.6% | −18% | −12% |
| 2012 | +4.8% | −24% | −16% |
| 2011 | −6.3% | −28% | −16% |
| 2010 | −4.7% | −23% | −12% |
| 2009 | −12% | −19% | −5% |
| 2008 | −15% | −8.4% | +3.5% |
| 2007 | −8.6% | +8.1% | +11% |
| 2006 | −3.2% | +18% | +16% |
| 2005 | +3% | +22% | +18% |
| 2004 | +3.2% | +19% | +14% |
| 2003 | +2.8% | +15% | +10% |
| 2002 | +4.8% | +12% | +8.3% |
| 2001 | +6.7% | +6.7% | +5% |
| 2000 | — | — | — |
How Ypsilanti ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 48197, 48198, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
17 new homes permitted in 2025
Builders were permitted 17 new homes in Ypsilanti in 2025: 15 single-family houses and 2 in buildings with two or more homes, worth about $3.3 million to build. That's 0.9 per 1,000 residents, slower than across Michigan (2.3). Over the past 10 years, Ypsilanti has permitted 564 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Ypsilanti gained 1,213 residents while 16 new homes were permitted: about 76 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 64 | 7 | 57 | $60.3 million |
| 2025 | 17 | 15 | 2 | $3.3 million |
| 2024 | 230 | 0 | 230 | $238.2 million |
| 2023 | 308 | 0 | 308 | $319 million |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 4 | 0 | 4 | $200,000 |
| 2019 | 4 | 4 | 0 | $309,000 |
| 2018 | 1 | 1 | 0 | $70,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 7 | 7 | 0 | $860,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $150,000 |
| 2012 | 1 | 1 | 0 | $150,000 |
| 2011 | 1 | 1 | 0 | $150,000 |
| 2010 | 1 | 1 | 0 | $150,000 |
| 2009 | 3 | 1 | 2 | $151,000 |
| 2008 | 1 | 1 | 0 | $175,000 |
| 2007 | 1 | 1 | 0 | $78,000 |
| 2006 | 3 | 3 | 0 | $435,000 |
| 2005 | 7 | 7 | 0 | $851,000 |
| 2004 | 195 | 11 | 184 | $11.7 million |
| 2003 | 14 | 14 | 0 | $1.3 million |
| 2002 | 1 | 1 | 0 | $61,000 |
| 2001 | 70 | 46 | 24 | $3.4 million |
| 2000 | 99 | 59 | 40 | $4.6 million |
How Ypsilanti ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Ypsilanti and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Ypsilanti | — | +4.9%† | $1,440 | 17 | $46,588 |
| Ypsilanti | $285K | +1.2% | $1,440 | 12 | $69,716 |
† FHFA price index change, where Zillow has no home value for the town.
5 years of income
The typical Ypsilanti home costs about 5 years of the town's median household income, more than across Michigan (3.7 years).
How Ypsilanti ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,440
HUD's Fair Market Rent for a two-bedroom in Ypsilanti is $1,440 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Ypsilanti pay a median of $1,080, so moving in tends to cost more than staying put. A two-bedroom takes about 37% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,190 · 4 bedrooms $1,910
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48197, 48198; Ann Arbor, MI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.