dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −11.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +26.5% YoY, is the number to watch.
The median listing price is down 11.7% YoY while the median home got down 15.5% bigger, so value per square foot is down 6.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $496K purchase rents for $1,695/mo: 0.34% of price per month against the 1% rule's 1.00%.
Not shown: 7 BR (sale only, no matching rent).
Sales here take about 2 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 48103 itself, not its parent county.
Renters hold 33.5% of this ZIP's 24,258 occupied households, on a median household income of $116K.
| Measure | ZIP 48103 | Washtenaw County | Difference |
|---|---|---|---|
| Median Household Income | $116K | $89K | +$27K |
| Below Poverty Level | 8.4% | 14.2% | -5.8% |
| Median Age | 39.70 | 35.00 | +4.70 |
| Total Population | 55,054 | 369,822 | -- |
| Avg Household Size | 2.26 | 2.33 | -0.07 |
| Owner-Occupied | 66.5% | 61.6% | +4.9% |
| Worked From Home | 30.5% | 22.6% | +7.9% |
| Mean Commute | 21.10 | 23.50 | -2.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.4% to 369,822: residents under 18 are down 0.3% and those 65 and over are up 3.6%.
County median household income is $89K, 14.2% of residents are below the poverty level, 22.6% work from home.