Washtenaw County, Michigan Housing Market
In Washtenaw County, Michigan, the median home value is $374,100, with a median monthly rent of $1,463. This places Washtenaw County at #356 nationally out of 3134 counties by median home value, and #2 within Michigan.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,424
- Establishments: 9,822
- BLS QCEW, 2025
Housing Supply
- Single-family: 532
- Multi-family: 556
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 145,264 (avg $119,009)
- Outflow: 141,813 (avg $120,175)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Washtenaw County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 48118 | 205.5 | +7.71% | 2025 |
| 2 | 48168 | 181.4 | +1.13% | 2025 |
| 3 | 48108 | 224.5 | +1.08% | 2025 |
| 4 | 48104 | 239.1 | -2.11% | 2025 |
| 5 | 48198 | 199.6 | +6.34% | 2025 |
| 6 | 48170 | 203.8 | +7.01% | 2025 |
| 7 | 48103 | 238.6 | +3.61% | 2025 |
| 8 | 48130 | 189.3 | +2.33% | 2025 |
| 9 | 48197 | 196.4 | +4.37% | 2025 |
| 10 | 48105 | 211.6 | +0.16% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Washtenaw County Compares
| Metric | Washtenaw County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $374,100 | $197,292 | $227,706 |
| Median Gross Rent | $1,463 | $905 | $968 |
| Owner Occupancy Rate | 61.6% | 80.2% | 73.3% |
| Price/Rent Ratio | 21.3 | 17.9 | 18.7 |
Market Analysis
The median home value in Washtenaw County is 89.6% above the Michigan state average and 64.3% above the U.S. national average. The median rent of $1,463/month is 61.7% above the state average.
With a price-to-rent ratio of 21.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Washtenaw County has an owner-occupancy rate of 61.6%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Jefferson County | Oregon | $374,200 | $941 |
| Fort Bend County | Texas | $374,500 | $1,807 |
| Transylvania County | North Carolina | $373,600 | $967 |
| Providence County | Rhode Island | $373,600 | $1,312 |
| Worcester County | Maryland | $374,700 | $1,159 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Livingston County | $356,800 | $1,287 | 86.9% |
| Oakland County | $343,600 | $1,376 | 72.7% |
| Grand Traverse County | $339,400 | $1,288 | 77.2% |
| Ottawa County | $323,400 | $1,211 | 79.3% |
| Emmet County | $315,700 | $1,112 | 77.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).