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YOUR MICHIGAN LOAN OFFICER

Matt DeanNEXA Lending · NMLS #227603(512) 415-6142

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Matt DeanNEXA Lending · NMLS #277603(512) 615-6142

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University of Michigan · Ann Arbor, MI

Compare homes for sale, rentals, financing, neighborhoods, and the cost of renting versus buying near Michigan.

Compare Renting vs. Buying

Campus-Area PropertiesRent-vs-Buy ComparisonLocal Campus-Area Professionals

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University of Michigan Property Explorer

Homes for Sale Near University of Michigan

Review active homes for sale within 3 miles of University of Michigan's campus. Select a listing to view details, or inquire about a specific property.

8 homes for sale

YOUR UNIVERSITY OF MICHIGAN REAL ESTATE EXPERT

Claim this market and appear here — parents, investors, and sellers are looking for a trusted local advisor.

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For Sale

0.3 miles from campus

Condo · South University

2 bd 2 ba 1,050 sqft$389,000

Updated 2-bedroom condo on South Forest Avenue — steps from the Diag and Michigan Union. Secure building, in-unit laundry, covered parking. Turnkey parent-purchase option with strong resale near the heart of campus.

For Sale

1 / 4

0.3 miles from campus

Condo · South University

2 bd 2 ba 1,050 sqft$389,000

For Sale

0.4 miles from campus

Condo · Kerrytown

2 bd 2 ba 1,100 sqft$435,000

Modern 2-bedroom, 2-bath condo on East Liberty in Kerrytown. Corner unit with city views, stainless appliances, in-unit laundry, secure parking. Walk to downtown, the hospital, and Central Campus — an exceptional parent-purchase or investor condo near The Big House.

For Sale

1 / 4

0.4 miles from campus

Condo · Kerrytown

2 bd 2 ba 1,100 sqft$435,000

For Sale

0.5 miles from campus

Single-Family · Burns Park

3 bd 2 ba 1,520 sqft$495,000

Classic 3-bedroom Burns Park colonial with original hardwood, arched doorways, and updated baths. Walk to Michigan Stadium and Crisler Center. Prime location for parent-purchase scenarios with excellent schools nearby.

For Sale

1 / 4

0.5 miles from campus

Single-Family · Burns Park

3 bd 2 ba 1,520 sqft$495,000

For Sale

0.7 miles from campus

Single-Family · Kerrytown

4 bd 2 ba 1,850 sqft$625,000

Updated 4-bedroom Kerrytown home two blocks from the farmers market and a short walk to Michigan's Central Campus. Hardwood floors, updated kitchen with quartz counters, fenced yard. Strong rental history — appeals to parent buyers and investors alike.

For Sale

1 / 4

0.7 miles from campus

Single-Family · Kerrytown

4 bd 2 ba 1,850 sqft$625,000

For Sale

0.9 miles from campus

Single-Family · Old West Side

4 bd 3 ba 2,200 sqft$720,000

Beautifully maintained 4-bedroom Old West Side home with period details and modern updates. Three full baths, updated kitchen, spacious living room with fireplace. Walkable to downtown Ann Arbor and Michigan's Central Campus — ideal parent-ownership candidate.

For Sale

1 / 5

0.9 miles from campus

Single-Family · Old West Side

4 bd 3 ba 2,200 sqft$720,000

For Sale

1.0 mile from campus

Townhome · Water Hill

3 bd 2 ba 1,600 sqft$525,000

Modern 3-bedroom townhome in the Water Hill neighborhood. Open main level, attached garage, updated kitchen with stainless appliances. Quiet street near the Huron River — excellent for parent buyers seeking a longer-term hold near Michigan.

For Sale

1 / 4

1.0 mile from campus

Townhome · Water Hill

3 bd 2 ba 1,600 sqft$525,000

For Sale

1.1 miles from campus

Single-Family · Old West Side

5 bd 3 ba 2,600 sqft$795,000

Spacious 5-bedroom home on Miller Avenue in the Old West Side. Updated kitchen, three full baths, finished basement, large yard. Five-bedroom layout is rare near Michigan — strong investor scenario for per-bedroom student-rental income.

For Sale

1 / 5

1.1 miles from campus

Single-Family · Old West Side

5 bd 3 ba 2,600 sqft$795,000

For Sale

1.5 miles from campus

Single-Family · Eberwhite

3 bd 1 ba 1,320 sqft$465,000

Well-maintained 3-bedroom Eberwhite neighborhood home with updated mechanicals, original hardwood, and a deep backyard. Quiet residential street with easy access to Michigan Stadium and downtown. Strong rental-demand area.

For Sale

1 / 4

1.5 miles from campus

Single-Family · Eberwhite

3 bd 1 ba 1,320 sqft$465,000

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View All Properties

For Sale

For Sale · Condo

0.3 miles from campus

Ann Arbor, MI 48104 · South University

$389,000 2 bd 2 ba 1,050 sqft

Viewing 1 of 8

Rent vs. Own + Cash-Flow Snapshot

Compare estimated nearby rent with the cost of owning this property. Roommate contributions may offset part of the payment, but all figures require review.

Rent Nearby

$1,900/mo

2 beds × $950/mo

Own This Property

$2,566/mo

Estimated payment @ 7.25%

Monthly Gap

-$666/mo

DSCR: 0.74x

Simple read: Estimated comparable rent is $1,900/mo. The estimated monthly ownership cost is $2,566/mo, creating an estimated difference of $666/mo before appreciation, tax treatment, principal reduction, maintenance changes, vacancies, or rent changes.

Roommate Rent Offset

If the student occupies one bedroom, up to 1 additional bedroom may potentially be used by roommates. At an estimated $950 per occupied roommate bedroom, the projected monthly offset would be approximately $950.

Roommate income is not guaranteed. Lease gaps, turnover, non-payment, occupancy rules, and changing rental conditions may affect actual contributions.

Monthly Ownership Estimate

Estimated monthly costs with local-service review points for each line. Confirm actual financing, taxes, insurance, association charges, utilities, and management costs with qualified professionals.

Purchase Scenario

$389,000

est. price · 25% down ($97,250)

Principal & Interest

30-yr @ 7.25% · loan $291,750

$1,990/mo

Property Tax

~1.2% effective rate on $389,000

$392/mo

Homeowners / Hazard / Flood InsuranceConfirm during review

$2,200/yr estimate · varies by location, coverage, carrier

$183/mo

HOA / Condo DuesConfirm during review

Confirm during review

$0/mo

Property ManagementEducational estimate

~8% of gross rent · leasing, maintenance, rent collection

$152/mo

Internet / Utilities SetupConfirm during review

Student-friendly plan estimate · varies by provider

$80/mo

Move-In / Setup ReserveEducational estimate

Monthly reserve for furniture, storage, move-in costs

$200/mo

Estimated Total Monthly Ownership Cost

$2,998/mo

vs. $1,900/mo estimated rent

Compare Financing Options

Rent Nearby

$1,900/mo

Est. PITIA

$2,566/mo

Est. Diff

-$666/mo

Interest-Only

Request estimate

COMPARE FINANCING OPTIONS

Comparable Nearby Options

Compare other active University of Michigan-area properties from the current result set.

0.4 miles from campus

Condo · 2 bd / 2 ba · $435,000

Same property type

0.5 miles from campus

Single-Family · 3 bd / 2 ba · $495,000

More bedrooms

1.0 mile from campus

Townhome · 3 bd / 2 ba · $525,000

More bedrooms

Near campusFinancing reviewCondo / HOALower-maintenance option

Additional Local Services

Property ManagementConfirm during review

Homeowners / Hazard / Flood InsuranceConfirm during review

Moving / StorageConfirm during review

Internet ProviderConfirm during review

Educational estimates only. These figures are not a loan quote, investment advice, tax advice, an appraisal, or a guarantee of rent, approval, occupancy, appreciation, or cash flow. Property-specific figures should be reviewed with qualified real estate, lending, insurance, tax, and property-management professionals.

8 representative buy scenarios

YOUR UNIVERSITY OF MICHIGAN REAL ESTATE EXPERT

Claim this market and appear here — parents, investors, and sellers are looking for a trusted local advisor.

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For Sale

0.3 miles from campus

Condo · South University

2 bd 2 ba 1,050 sqft$389,000

For Sale

1 / 4

0.3 miles from campus

Condo · South University

2 bd 2 ba 1,050 sqft$389,000

For Sale

0.4 miles from campus

Condo · Kerrytown

2 bd 2 ba 1,100 sqft$435,000

For Sale

1 / 4

0.4 miles from campus

Condo · Kerrytown

2 bd 2 ba 1,100 sqft$435,000

For Sale

0.5 miles from campus

Single-Family · Burns Park

3 bd 2 ba 1,520 sqft$495,000

For Sale

1 / 4

0.5 miles from campus

Single-Family · Burns Park

3 bd 2 ba 1,520 sqft$495,000

For Sale

0.7 miles from campus

Single-Family · Kerrytown

4 bd 2 ba 1,850 sqft$625,000

For Sale

1 / 4

0.7 miles from campus

Single-Family · Kerrytown

4 bd 2 ba 1,850 sqft$625,000

For Sale

0.9 miles from campus

Single-Family · Old West Side

4 bd 3 ba 2,200 sqft$720,000

For Sale

1 / 5

0.9 miles from campus

Single-Family · Old West Side

4 bd 3 ba 2,200 sqft$720,000

For Sale

1.0 mile from campus

Townhome · Water Hill

3 bd 2 ba 1,600 sqft$525,000

For Sale

1 / 4

1.0 mile from campus

Townhome · Water Hill

3 bd 2 ba 1,600 sqft$525,000

For Sale

1.1 miles from campus

Single-Family · Old West Side

5 bd 3 ba 2,600 sqft$795,000

For Sale

1 / 5

1.1 miles from campus

Single-Family · Old West Side

5 bd 3 ba 2,600 sqft$795,000

For Sale

1.5 miles from campus

Single-Family · Eberwhite

3 bd 1 ba 1,320 sqft$465,000

For Sale

1 / 4

1.5 miles from campus

Single-Family · Eberwhite

3 bd 1 ba 1,320 sqft$465,000

Showing all 8 properties

Property information, pricing, photographs, and availability may change. Verify current details before making a housing decision. CollegeHousing.ai is an independent housing information platform and is not a brokerage, MLS, property-listing provider, or affiliate of University of Michigan.

Market Snapshot

University of Michigan / Ann Arbor housing data

Public data sources for evaluating college-area housing decisions. Not investment advice. Not a guarantee of rental income, appreciation, or loan approval.

Last updated: 2026-06-25

University Demand

52,678

Total Enrollment

34,005

Undergraduate

18,673

Graduate

7,700

First-Year Class

97%

Retention Rate

82%

4-Year Graduation Rate

SourceOfficial University Facts — University of Michigan · Fall 2024

On-Campus vs Off-Campus Housing

Yes

First-Year Live-On Required

Yes

On-Campus Housing Guaranteed

97%

First-Year in Univ. Housing

First-Year Off Campus / Commute

30%

All Undergrads in Univ. Housing

70%

All Undergrads Off Campus / Commute

UM requires first-year students to live on campus. About 70% of all undergraduates live off campus in a premium-priced market.

SourceOfficial Common Data Set — University of Michigan, Section F · 2024–2025 Common Data Set

Local Housing Baseline — Ann Arbor

$484,200

Median Owner-Occupied Home Value

$1,358/mo

Median Gross Rent

46.5%

Owner-Occupied Housing Rate

$2,462

Median Monthly Owner Cost (w/ Mortgage)

120,381

City Population

47,843

Households

SourceU.S. Census Bureau QuickFacts — Ann Arbor, MI · 2020–2024 ACS 5-Year Estimates

When students typically move off campus

Yes

First-Year Live-On Required

Yes

On-Campus Housing Guaranteed

97%

First-Year Students in Univ. Housing

First-Year Students Off Campus / Commute

30%

All Undergrads in Univ. Housing

70%

All Undergrads Off Campus / Commute

What this means for housing decisions

UM requires and guarantees first-year on-campus housing. About 70% of all undergraduates live off campus. The off-campus market is premium-priced relative to most college towns due to Ann Arbor's broader desirability and constrained housing supply.

SourceOfficial Common Data Set — University of Michigan, Section F · 2024–2025 Common Data Set

Parent Rent-vs-Buy Trigger

•4+ years of housing needed
•Freshman housing required on campus
•Most undergrads live off campus by sophomore year
•Rent alternative: median rent $1,358/mo
•Roommate income potential from other students
•Ownership horizon: typically 3–5 years
•Resale after graduation — parent/investor buyer pool
•Property management if parent is out of town
•Financing: second home vs investment property classification

Investor Cash-Flow Trigger

•Strong off-campus demand — 70% of undergrads off campus
•Rent-by-room potential near campus
•School-year lease timing (Aug–Jul typical)
•Turnover risk between academic years
•Maintenance and management load
•DSCR review: rent vs debt service
•Local owner-occupancy rate: 46.5% — context for rental demand
•Exit strategy: sell to parent buyer, investor, or owner-occupant

Seller / Refi / Hold Trigger

•Current lease status and rental history
•Campus proximity and property condition
•Buyer pool: parents, investors, owner-occupants
•Sell vs hold: compare net proceeds with ongoing rental income
•Refinance / cash-out review
•School-year timing: list before leasing season
•Equity position and market conditions

Financing Trigger

•Parent purchase financing (owner-occupied or second home)
•Second-home vs investment property classification
•Investment-property loan options
•DSCR loan review for rental-backed properties
•Refinance and cash-out options
•Down payment sensitivity by loan type
•Insurance, property tax, and HOA review

You're viewing the University of Michigan housing market.

•

Use this page to review parent, investor, seller, and financing paths near campus.

Built Around the University of Michigan Housing Decision

Families and investors do not search for generic housing. They search around a specific school, a specific timeline, and a specific decision. This market page organizes the major paths around University of Michigan.

Parents

Compare rent vs. buy near University of Michigan before defaulting to another year of rent.

Start Rent vs. Buy Review

Investors

Review campus-area rental potential, student housing demand, and financing paths.

Analyze a Campus Rental

Sellers

Understand whether campus-area ownership demand may support a sale, refinance, or hold decision.

Request Property Review

Borrowers

Review DSCR, conventional, refinance, and cash-out paths for campus-area property.

Check Financing Options

Michigan Housing Decision Center

Review University of Michigan Campus-Area Housing

Independent college housing market review covering parent rent-vs-buy analysis, student-rental investment evaluation, DSCR financing review, seller timing, and local real estate professional connection for the University of Michigan / Ann Arbor market.

Parent Rent vs. Buy

Investor Cash Flow

Seller Review

Financing Path

Parent Rent vs. Buy

Review Candidates

Student-Rental Demand

~70% Off Campus

Local Market Contact

Available

Explore Michigan Property Review Candidates

Estimated review scenario. Current availability, pricing, rent potential, taxes, insurance, HOA, and financing terms should be verified before making a decision. These are not active MLS listings.

NEIGHBORHOODS

Compare Neighborhoods Near University of Michigan

Compare four Ann Arbor areas by proximity to the U-M campus, housing type, buyer fit, and practical considerations before focusing your search.

Walkable neighborhood streets with homes and shops

Walkable to Campus

Central Campus / Kerrytown

48104 / 48109 · Walkable to campus

The historic neighborhoods and Kerrytown market district directly around U-M's Central Campus, with brick Victorians, apartments, and a walkable food-and-cultural scene. It is the most connected, walk-to-class living in Ann Arbor.

Housing MixHistoric brick homes, apartments, and student housing

Best FitFaculty, students, and buyers wanting the closest walkable historic campus life

Watch ForCentral Ann Arbor is premium and tightly inventoried

Featured Area

Established and historic homes on a tree-lined street

Established Family

Burns Park / Old West Side

48103 / 48104 · Bike or short drive to campus

The beloved established neighborhoods of Burns Park and the Old West Side, with historic homes, parks, strong schools, and calm streets a short walk or ride from campus. They are a favorite for U-M faculty and families.

Housing MixHistoric and mid-century single-family homes

Best FitFaculty, families, and long-term buyers wanting character, schools, and proximity

Watch ForThese family streets are sought-after and competitive

Featured Area

Historic homes on a hillside street near a market

Historic District

Kerrytown / Water Hill

48104 · Walkable to campus

The Water Hill and Kerrytown historic districts, with pastel Victorian homes, the famous farmers market, and a walkable community on the north edge of Central Campus. It offers an iconic, character-rich Ann Arbor address.

Housing MixVictorian and early-1900s single-family homes

Best FitBuyers wanting a distinctive, walkable historic district near campus

Watch ForHistoric upkeep and premium walk-to-campus pricing

Featured Area

Residential street with established family homes

Family Suburbs

Ann Arbor / Scio & West

48103 / 48176 · Short drive to campus

The west Ann Arbor and Scio Township neighborhoods offer newer and established family homes, schools, and slightly more space with a direct drive to campus. They give families modern housing within easy reach of the university.

Housing MixFamily single-family homes and newer subdivisions

Best FitFamilies wanting space, schools, and a reasonable commute to U-M

Watch ForAnn Arbor's regional demand keeps prices among Michigan's highest

Featured Area

Market Guidance

University of Michigan Housing Market Guides

Local guides for parents, investors, sellers, and borrowers reviewing housing near University of Michigan in Ann Arbor.

Parent Guide

Buying Housing Near University of Michigan: Parent Guide to Ann Arbor Campus Areas

What parents should evaluate when comparing rent, ownership, neighborhood selection, and resale potential near University of Michigan in Ann Arbor.

Read Guide

Parent Guide

Rent vs. Buy Near University of Michigan

A Ann Arbor-focused rent-vs-buy guide for families comparing student rental costs against owning near University of Michigan.

Read Guide

Local Guide

Best Ann Arbor Areas to Review for Michigan Housing

A local review of campus-area housing considerations near University of Michigan and across the Ann Arbor area.

Read Guide

Investor Guide

Michigan Student Rental Investment Guide

How investors can evaluate rental demand, local market dynamics, property type, cash flow, and exit strategy around University of Michigan.

Read Guide

Seller Guide

Selling a House Near University of Michigan

How campus-area owners can position an Ann Arbor property for parent buyers, investor buyers, and local market demand.

Read Guide

Financing Guide

DSCR and Investor Financing for Michigan-Area Rentals

What borrowers should know when reviewing DSCR, rental income, investor financing, and student-housing properties near University of Michigan.

Read Guide

CollegeHousing.ai is an independent platform and is not affiliated with, endorsed by, or sponsored by University of Michigan.

Professional partner information is available on the Partner With Us page.

Review Paths

University of Michigan Housing Review Paths

Choose the path that best matches your situation near University of Michigan in Ann Arbor. Each review path focuses on a different set of housing and financing questions.

Parent Rent vs. Buy Review

Compare four years of Ann Arbor rent with ownership costs near University of Michigan. Review roommate rent offset, financing structure, and after-graduation options.

Start Parent Review

Investor Cash Flow Review

Evaluate student-rental income, operating expenses, DSCR fit, vacancy assumptions, and long-term college-town demand near University of Michigan.

Analyze a Campus Rental

Seller / Hold Review

Review whether your Ann Arbor-area property may attract parent buyers, student-rental investors, or local demand. Compare sell, refinance, and hold scenarios.

Request Property Review

Financing Review

Review parent-purchase, second-home, investment-property, DSCR, refinance, and cash-out financing paths for the Ann Arbor market.

Check Financing Options

Property Management Review

Lisa Chen, Wolverine Property Management, serves the Ann Arbor market. Review leasing, maintenance, turnover, and long-distance ownership near University of Michigan.

View Lisa's Profile

Start with your decision

Each path focuses on a different set of questions — parent purchase, investment cash flow, seller review, or financing options near University of Michigan.