Find property management in Ann Arbor, MI
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The response from my new manager was super and I expect a great working relationship with her company. - Rhonda M.
Ann Arbor Property Managers (45)
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The Associated Management Company
- TAMC is a full service, regional real estate property management firm headquartered in Metropolitan Detroit. We specialize in conventional, senior and affordable housing. We excel in new lease ... View full company profileMarket Info
Ann Arbor Management Companies
Are you looking for a professional property management company to oversee your home, condo, apartment building, commercial property or community association? Use our comprehensive directory of Ann Arbor property management companies to find and get quotes from multiple property managers in Ann Arbor, Michigan. You can also read our guide to hiring a property manager which covers everything from understanding the property management fee to breaking down property management contracts.
Housing Market Stats
| Ann Arbor | Michigan | U.S. | |
|---|---|---|---|
| Median Home Value | $229,400 | $150,500 | $192,400 |
| Owner Costs > 30% Income | 18% | 15.5% | 14.7% |
| Gross Rent > 30% Income | 16.2% | 18.7% | 19.2% |
Ann Arbor Housing Market Stats
As of 2008, the rental vacancy rate in Ann Arbor stood at 8%, relatively high compared to the rest of the country. There are about 147,010 housing units, averaging $229,400 in value, 36% of which are occupied by renters. The rent to price ratio in Ann Arbor is 0.4%, slightly lower than the Michigan average. For 16% of Ann Arbor tenants, 30% or more of their income goes to paying rent.
Demographic Stats
| Ann Arbor | Michigan | U.S. | |
|---|---|---|---|
| Avg Commute Time (minutes) | 22.4 | 22.8 | 25.3 |
| Median Age | 33.2 | 36.7 | 36.7 |
| Avg Household Size - Owners | 2.59 | 2.64 | 2.7 |
| Avg Household Size - Renters | 2.1 | 2.24 | 2.42 |
| Median Household Income | $60,713 | $48,310 | $52,175 |
| Per Capita Income | $31,895 | $25,832 | $27,466 |
Ann Arbor Demographic Info
Ann Arbor has a population of 347,177, comprised of 134,187 households, with on average 2 members per household. Out of approximately 183,936 people in the civilian workforce, 172,134 (94%) were employed in 2008. 93% of the population 25 and older has earned a high school diploma, with 51% holding a 4 year college degree.
Community Info
Ann Arbor Community Info
Ann Arbor is the county seat of Washtenaw County and is the fifth largest city in the state of Michigan. The city was named after the trees in the area, but also after the wives of the city's founding fathers
Ann Arbor has an area of 27.7 square miles. Out of those 27.7 square miles, 27 square miles are land and .7 square miles are water. Most of the water area of the city of Ann Arbor is the Huron River. Ann Arbor is located about 35 miles west of Detroit and is situated alongside the Huron River. The local terrain is has a lot of hills and valleys with the increasing inclines closer to the Huron River.
Ann Arbor has a current population of 114,024 people and roughly 32% are college students. According to the 2000 Census 74.68% of the population is White, 8.83% of the population is African American, 11.90% is Asian, and 3.34% of any of the races were also Hispanic. One interesting thing to note is that, due to the university, Ann Arbor's foreign born population is unusually high at over 16%.
Out of the 114,024 people living in the city of Ann Arbor, there were 45,693 households and 21,704 families. Ann Arbor has one of the lowest poverty levels in the state; only about 4.6% of the families in the area are currently living below the poverty line, and out of this number 7.3% of them are under the age of 18 and 5% of them were over the age of 65.
Ann Arbors economy is centered on the University of Michigan, which currently employs 30,000 workers. The University of Michigan also brings in many other employers because of the research and development funding that it provides for employers, but also because of the graduates in the immediate area. Other industries that play a large role in the economy of Ann Arbor include health services, high tech, and biotechnology.
Local entertainment includes a lot of outdoor activities on the Huron River including fishing, canoeing and hiking. The University of Michigan participates in a number of sports that provides locals the ability to cheer for their teams the Wolverines.