Washtenaw County, Michigan Housing Market Prices
Washtenaw County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 156% above the Michigan median Among the 5 most expensive counties in Michigan$354,959
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Median rent 30% above the Michigan median Most expensive county in Michigan$1,463
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Washtenaw County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $354,959 | $138,713 | $248,835 |
| Price Trend (Annual %) | 12.9% | 8.6% | 7.5% |
| Median Gross Rent | $1,463 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washtenaw County is about 156% higher than in Michigan. Rent is about 30% higher than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Washtenaw County, up about 12.9% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Washtenaw County rose about 53.3% between 2015 and 2024, from $954 to $1,463. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Washtenaw County.
Buying the median-priced home in Washtenaw County costs roughly 20.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Washtenaw County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Washtenaw County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $354,959 | $138,713 | $248,835 |
| Median Household Income | $89,172 | $72,977 | $80,455 |
| Price-to-Income Ratio | 4.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Washtenaw County rose about 162.7%, while median household income rose about 48.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Washtenaw County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 64.6% | 58.5% |
| Rental Rate | 36.2% | 23.6% | 31.2% |
| Vacancy Rate | 5.8% | 11.8% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Washtenaw County has a homeownership rate of 58.1%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 5.8%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Washtenaw County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1979 | 1972 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Washtenaw County was built around 1979. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Washtenaw County, MI Housing Compared With Nearby Counties
Washtenaw County, MI is the 2nd largest of the 6 counties compared here, 369,612 residents against a local median of 160,066. Where Washtenaw County, MI breaks from the counties next to it is median home price, sitting 133% above the local median of $152,125 at $354,959.
Median rent tells the same story from another angle: $1,463 against a local median of $1,059, 38% above it. The one measure here that carries a verdict is homeownership, and at 23% below the local median it puts Washtenaw County, MI at the weaker end of the local range. The counties themselves sit within $138,693 of each other on median home price, a tighter band than the gap between any of them and Washtenaw County, MI, which makes it a genuine outlier here rather than one end of a wide local spread. Washtenaw County, MI has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Washtenaw County, MI | 369,612 | $354,959 #1/6 | $1,463 #1/6 | 61.6% #6/6 |
| Livingston County, MI | 195,818 | $164,261 | $1,287 | 86.9% |
| Lenawee County, MI | 98,415 | $152,038 | $986 | 79.6% |
| Monroe County, MI | 155,488 | $194,999 | $1,059 | 81.7% |
| Wayne County, MI | 1,771,784 | $56,306 | $1,132 | 64.7% |
| Jackson County, MI | 160,066 | $152,125 | $984 | 75.0% |
Frequently Asked Questions
Common questions about the housing market in Washtenaw County, Michigan.
What is the median home price in Washtenaw County, Michigan?
The median home price in Washtenaw County, Michigan is $354,959, higher than the Michigan average of $138,713.
What is the average home price in Washtenaw County, Michigan?
The typical home price in Washtenaw County, Michigan, reported as the median sale price, is $354,959. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Washtenaw County, Michigan?
The median gross rent in Washtenaw County, Michigan is $1,463 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Washtenaw County in 2020?
In 2020, the median gross rent in Washtenaw County, Michigan was $1,160 per month.
What is the price-to-rent ratio in Washtenaw County, Michigan?
The price-to-rent ratio in Washtenaw County, Michigan is about 20.2, meaning it would take roughly 20.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Washtenaw County.
Are home prices or rent rising faster in Washtenaw County, Michigan?
Both home prices and rent are rising in Washtenaw County, up about 12.9% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Washtenaw County, Michigan?
58.1% of households in Washtenaw County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Washtenaw County, Michigan?
The housing vacancy rate in Washtenaw County, Michigan is 5.8%, lower than the Michigan average of 11.8%.
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