The university town of Ann Arbor is located in Southeast Michigan, just 45 miles west of Detroit and 35 miles north of the Ohio border. A drive along rural roads in any direction will lead to small towns reminiscent of old country days. Towns such as Bridgewater, Chelsea, Dexter, Manchester, Milan and Saline are all within a 30-minute drive. Ann Arbor also has the feel of a small town, but has the looks and all the advantages of a big city.
This prolific city of over 115,000 hosts numerous events each year that attract many visitors and residents, including the Ann Arbor Film Festival in the Spring, the Ann Arbor Art Fairs in the Summer, the Ann Arbor Blues and Jazz Festival in the Fall, and the St. Nicholas Light Display during the holiday season. In addition, Ann Arbor is home to one of the country's top universities, the University of Michigan, and the variety of activities and events it offers.
Ann Arbor is the county seat of Washtenaw County. Its numerous expressways allow easy access to Michigan's other large cities. Chicago, Indianapolis and Cleveland are all about a four-hour drive away and the Detroit Metro Airport is located 25 minutes east of the city. The city’s real estate options are diverse and affordable, with single-family homes in gated and planned communities, and condos and townhouses near the University of Michigan and within city limits dominating the market.
Ann Arbor Houses for Sale - View Prices of Homes in Ann Arbor
The housing market in Ann Arbor is diverse with many properties in a spectrum of price ranges available to even the most astute buyer or investor. Ann Arbor condos and townhouses start at around $50,000 and run up to $1 million or more for larger, newer properties. Single-family residences near local golf courses or in new home subdivisions include amenities such as two-car garages, decks, fireplaces, and hardwood floors. For more affordable Ann Arbor homes, prices begin in the low $100,000s for older houses with limited space and run as high as $1 million and more for lavish estate properties on large lots. Waterfront properties and some land lots are available for those who wish to custom build their home.
Ann Arbor MI Real Estate for the week of September 22nd, 2008: homes priced around $321,999 compared to $321,999 the previous week, to remain steady with no change in listing price. For Friday, January 27th, the current national mortgage rate for a 30 year fixed mortgage is 3.89%; the 15 year fixed rate is at 3.22%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.43%, while the 15 year jumbo rate currently is at 3.69%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Ann Arbor MI. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures in Ann Arbor, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes in Ann Arbor, Ann Arbor neighborhood information, crime stats, home values, and schools in Ann Arbor to help you find the best home!