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Ann Arbor Mortgage Quotes And Real Estate


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Ann Arbor Mortgage and Real Estate Facts

Overview

In Ann Arbor residents live in 45,674 "housing units" (houses, condos, rentals, etc.). According to the 2000 census, 45% of the housing in the city was owner-occupied.

Ann Arbor Mortgage

As with most places, mortgages are a fact of life for home owners in Ann Arbor; 75% of houses there have a mortgage. If you're thinking about using a second mortgage or home equity loan on your place in the city, you're not alone. About 16% of home owners have done that.

Mortgage and interest rate quotes for the Ann Arbor area (or anywhere else you choose in the US) are available, without obligation or credit checks:

Ann Arbor Mortgage Statistics

CategoryValue
Homes With No Mortgage25%
With A Mortgage75%
First Mortgage Only59%
Second Mortgage or Home Equity Loan16%
Second Mortgage Only4%
Home Equity Loan Only12%

Ann Arbor Housing Expenses

CategoryValue
Owner Costs as % of Income18.3%
Median Real Estate Taxes (2000)$3,588

Ann Arbor Household Size

CategoryValue
Total Occupied45,674
1-Person Households35%
2-Person Households34%
3-Person Households14%
4-Person Households11%
5-Person Households4%
6-Person Households1%
7+-Person Households1%

Ann Arbor Housing Stock

CategoryValue
Median Year Built1965
Median Year Built (Owner Occupied)1961
Median Year Built (Renter Occupied)1968

Ann Arbor Home Heating

CategoryValue
Using Utility Co. Gas Heat96%
Using Bottled/Tank Gas Heat1%
Using Electric Heat3%
Using Oil Heat0%
Using Coal0%
Using Wood Heating0%
Using Solar Heat0%
Other Heating0%
No Heating0%

Ann Arbor Housing Size

CategoryValue
No Bedrooms1%
1 Bedroom3%
2 Bedrooms20%
3 Bedrooms46%
4 Bedrooms26%
5+ Bedrooms5%

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