ZIP Code 48108 — Ann Arbor, MI Home Prices (2026)
The typical home in ZIP 48108 (Ann Arbor, Michigan) is worth about $449,000 at roughly $229 per square foot — 18% more affordable than the Ann Arbor median and 53% more expensive than the typical U.S. home.
How 48108 compares
ZIP 48108 is one of the more affordable ZIP codes in Ann Arbor: its typical home value of $449,000 ranks #4 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 $229, against $274 for Ann Arbor as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48108 | $449,000 | $229 |
| Ann Arbor, MI | $550,000 | $274 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48108
Using this ZIP’s rate of about $229 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 | $229,000 |
| 1,500 sq ft | $343,500 |
| 2,000 sq ft | $458,000 |
| 2,500 sq ft | $572,500 |
| 3,000 sq ft | $687,000 |
Salary needed to buy a home in ZIP 48108
To buy the typical $449,000 home in ZIP 48108 with 20% down, you need a household income of roughly $122,000 a year (about $2,850 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $145,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $22,500 | $3,540/mo | $152,000/yr |
| 10% (+PMI) | $44,900 | $3,390/mo | $145,000/yr |
| 20% | $89,800 | $2,850/mo | $122,000/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 48108
At about $229 per square foot, here is roughly how much home different budgets get you in ZIP 48108:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 1090 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1310 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1750 sq ft | around the typical home here |
| $500k | 2180 sq ft | around the typical home here |
| $600k | 2620 sq ft | above the median — larger homes or the pricier ZIPs |
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 48108 home.
Estimate a specific home in 48108
The estimator below is pre-set to ZIP 48108 — 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 48108 sits among Ann Arbor’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 48104 | $588,000 | $378 |
| 2 | 48105 | $564,000 | $267 |
| 3 | 48103 | $536,000 | $280 |
| 4 | 48108 (this page) | $449,000 | $229 |
ZIP 48108 home prices: frequently asked
What is the average home price in ZIP code 48108? +
What is the price per square foot in 48108? +
What salary do you need to buy a house in ZIP 48108? +
Is 48108 an expensive ZIP code? +
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.