ZIP Code 48104 — Ann Arbor, MI Home Prices (2026)
The typical home in ZIP 48104 (Ann Arbor, Michigan) is worth about $588,000 at roughly $378 per square foot — 7% more expensive than the Ann Arbor median and 100% more expensive than the typical U.S. home.
How 48104 compares
ZIP 48104 is one of the pricier ZIP codes in Ann Arbor: its typical home value of $588,000 ranks #1 of the 4 Ann Arbor ZIP codes we track (the citywide range runs from $449,000 in 48108 to $588,000 in 48104). Per square foot it costs about $378, against $274 for Ann Arbor as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48104 | $588,000 | $378 |
| Ann Arbor, MI | $550,000 | $274 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48104
Using this ZIP’s rate of about $378 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $378,000 |
| 1,500 sq ft | $567,000 |
| 2,000 sq ft | $756,000 |
| 2,500 sq ft | $945,000 |
| 3,000 sq ft | $1,134,000 |
Salary needed to buy a home in ZIP 48104
To buy the typical $588,000 home in ZIP 48104 with 20% down, you need a household income of roughly $160,000 a year (about $3,730 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $190,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $29,400 | $4,640/mo | $199,000/yr |
| 10% (+PMI) | $58,800 | $4,440/mo | $190,000/yr |
| 20% | $117,600 | $3,730/mo | $160,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 48104
At about $378 per square foot, here is roughly how much home different budgets get you in ZIP 48104:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $300k | 790 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1060 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1320 sq ft | around the typical home here |
| $600k | 1590 sq ft | around the typical home here |
| $750k | 1980 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48104 home.
Estimate a specific home in 48104
The estimator below is pre-set to ZIP 48104 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Ann Arbor ZIP codes by home value
Where 48104 sits among Ann Arbor’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 48104 (this page) | $588,000 | $378 |
| 2 | 48105 | $564,000 | $267 |
| 3 | 48103 | $536,000 | $280 |
| 4 | 48108 | $449,000 | $229 |
ZIP 48104 home prices: frequently asked
What is the average home price in ZIP code 48104? +
What is the price per square foot in 48104? +
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See the full Ann Arbor home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.