Zip Code 48197

Ypsilanti, MIWashtenaw County

Real Estate Market Analysis

Q3 2025 Report
$295,000 (Q2 2025 estimate)
Median Home Value
~68,000 (2025 est.)
Population
$62,000
Median Income
Ann Arbor: A+; Saline: A; Ypsilanti: C+ (Niche 2025)
School District Rating

Market Statistics

Property Values

$295,000 (Q2 2025 estimate)
Median Home Value
$1,650/month (Q2 2025)
Median Rent
$185
Price per Sq Ft

Market Performance

Home Appreciation4.2% year-over-year (2024-2025)
Market VelocityAverage days on market: 21
Foreclosure RateLow, below state average

Area Information

Area Size~35 sq mi
CountyWashtenaw
Primary CityYpsilanti

Housing Profile

Housing Statistics

Total Housing Units~20,000
Owner Occupied56%
Rental Properties44%
Vacant Units6%
New ConstructionModerate, with several new subdivisions and multifamily projects in progress (2024-2025)

Housing Types

Single-family homesTownhomesApartmentsCondos

Demographics

~68,000 (2025 est.)
Population
32
Median Age
$62,000
Median Income
94%
Employment Rate
36% bachelor's degree or higher
Education Levels
Mix of families, young professionals, and students
Family Composition

Education Quality

School District Performance

Ann Arbor: A+; Saline: A; Ypsilanti: C+ (Niche 2025)
District Rating
School DistrictAnn Arbor Public Schools, Ypsilanti Community Schools, Saline Area Schools
Test ScoresAverage math proficiency: 32%; reading: 45% (slightly below state average)[2]
Graduation RatesAnn Arbor: 94%; Saline: 96%; Ypsilanti: 78%

Schools in Area

  • Early College Alliance
  • South Arbor Charter Academy
  • Washtenaw International High School
  • Ypsilanti Community High School

Economic Factors

Employment & Business

Job Growth2.8% annual growth (2024-2025)
Unemployment Rate6%
Business EnvironmentStrong university and healthcare presence; growing tech and service sectors
Commercial ActivityActive retail, healthcare, and education sectors

Major Employers

  • University of Michigan
  • Eastern Michigan University
  • St. Joseph Mercy Health
  • Washtenaw County

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-94
  • US-23
  • Ann Arbor Area Transportation Authority (TheRide) bus service

Utilities & Services

  • DTE Energy (electric/gas)
  • City water/sewer
  • Multiple waste/recycling providers

Quality of Life

Safety & Environment

Moderate; property crime slightly above state average, violent crime near state average

Good air and water quality; active green initiatives

Healthcare Access

  • St. Joseph Mercy Hospital
  • University of Michigan Health Centers

Development Trends

Planned Developments

  • New mixed-use developments near Ford Lake
  • Expansion of multifamily housing near EMU

Infrastructure Projects

  • Road resurfacing on Huron River Dr.
  • Upgrades to water/sewer systems

Investment Outlook

Growth Outlook

Steady population and housing growth expected through 2027

Investment Opportunities

  • Student housing
  • Multifamily rentals
  • Value-add single-family flips

Marketing Intelligence

Target Demographics

  • Young professionals
  • University staff and students
  • First-time homebuyers
  • Families relocating from Ann Arbor

Competitive Advantages

  • Lower prices than Ann Arbor
  • Access to top-rated Ann Arbor and Saline schools
  • Strong rental demand

Pricing Strategies

Competitive pricing below Ann Arbor, with incentives for quick closings

Common Objections & Response Strategies

Objection: School quality concerns in Ypsilanti Community Schools

Response Strategy:

Highlight access to Ann Arbor and Saline districts, and top-performing charters like South Arbor Academy[1][2].

Objection: Higher property crime rates

Response Strategy:

Emphasize community policing, neighborhood watch programs, and ongoing city safety initiatives.

Objection: Older housing stock in some neighborhoods

Response Strategy:

Showcase renovated properties and new construction options.

Professional Recommendations

1

Emphasize affordability and Ann Arbor proximity in marketing.

2

Educate buyers on school district boundaries and options.

3

Highlight new construction and renovated homes.

4

Target investors with data on rental yields and cap rates.

5

Leverage digital marketing to reach university-affiliated buyers.

Competitive Analysis

Comparable Markets

  • Ann Arbor (48103, 48104)
  • Canton (48187)
  • Saline (48176)

Market Positioning

Best value for buyers seeking Ann Arbor proximity without Ann Arbor prices

Competitive Advantages

  • More affordable than Ann Arbor and Canton
  • Access to major employers and highways

Price Comparison

48197 median home price is 25-30% lower than Ann Arbor, 10-15% lower than Canton

Investment Metrics

5.8% (multifamily average)
Cap Rates
6.2% gross yield
Rental Yields
~15.5
Price-to-Rent
Strong for well-located rentals, especially student housing
Cash Flow
3.5-4.5% annual through 2027
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability and proximity to Ann Arbor; may need education on school options and neighborhoods.

Move-Up Buyers

Drawn to new construction and larger homes; value for money compared to Ann Arbor.

Downsizers

Interest in condos and low-maintenance homes; focus on walkability and healthcare access.

Investors

Strong rental demand, especially for student and workforce housing; favorable cap rates.

Relocators

Appeal of Ann Arbor access, diverse housing, and lower cost of living.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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