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Ypsilanti

Learn about the people, housing, costs and businesses in Ypsilanti, Michigan

Median Home$226,059
Median Rent$1,023/month
Population20,158
Leading IndustriesPublic Administration · Professional Services34% public administration
Home Value Growth⬆⬆+14.0% over 2 years
Young Adults54% of residentstop 1% nationally
Renters66% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableHighly Educated26% bachelor's · 16% graduate · top 16% nationally
Ypsilanti
MI

Frequently Asked Questions

What are today's mortgage rates in Ypsilanti?

As of today, the 30-year fixed mortgage rate for Ypsilanti is approximately 7.016% (7.056% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Ypsilanti?

The median home value in Ypsilanti is $226k. The median monthly rent is $1,023. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ypsilanti?

Home values in Ypsilanti have increased 14.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Ypsilanti?

Based on a typical all-in ownership cost of $1,109/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ypsilanti is $50k/year.

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What industries drive the economy in Ypsilanti?

The largest employment sectors in Ypsilanti are public administration (34%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.