How much is a home worth in ZIP code 48103?

The typical home in 48103 is worth $529,615, based on the Zillow Home Value Index.

Are home values rising in 48103?

Home values in 48103 are up 2.9% over the past year, and up 4.6% a year over five years.

What is the typical rent in 48103?

A typical home in 48103 rents for about $2,091 a month, a gross rental yield of 4.7%.

What is the property tax rate in 48103?

The effective property tax rate in 48103 is 1.6% — roughly $8,224 a year on a typical home.

ZIP code 48103 has a population of 55,054 and a median household income of $116,194.

HousingHandbookReference data

…

U.S. ZIP Code · MI48103

Washtenaw County · Ann Arbor, MI

Typical home value

$529,615^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +4.6%
10-year / yr: +5.0%

Relative price

vs U.S.: +86.4%
vs metro: +28.4%
vs state: +121.5%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 48103 is worth $529,615 — 28.4% above the Ann Arbor, MI median. Over the past year, values have risen 2.9%. Homes here rent for a typical $2,091 a month — a 4.7% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,091^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.6%^[3]
Typical annual tax: $8,224^[3]

#Climate risk

FEMA National Risk Index ratings for Washtenaw County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 55,054^[3]
Median household income: $116,194^[3]

#Migration

Household moves in and out of Washtenaw County over a year, from IRS tax-return data.

Net migration: -2,091^[5]
Moved in: 11,464
Moved out: 13,555

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 18
Elementary: 10
Middle: 2
High: 3

Pioneer High School
High · Grades 9–12 · Ann Arbor Public Schools
1,683 students
Skyline High School
High · Grades 9–12 · Ann Arbor Public Schools
1,271 students
Slauson Middle School
Middle · Grades 6–8 · Ann Arbor Public Schools
743 students
Forsythe Middle School
Middle · Grades 6–8 · Ann Arbor Public Schools
612 students
Ann Arbor Open at Mack School
Elementary · Grades K–8 · Ann Arbor Public Schools
541 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$25,094

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,678

Loan principal$423,692

Down payment$105,923

Total interest paid$540,396

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.82

Monthly cost to own$3,803

Monthly rent$2,091

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 64th percentile^[1]
Rental yield: 29th percentile^[2]
Property tax: 82nd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for most populous in MIView list →

Frequently asked

How much is a home worth in ZIP code 48103?: The typical home in 48103 is worth $529,615, based on the Zillow Home Value Index.
Are home values rising in 48103?: Home values in 48103 are up 2.9% over the past year, and up 4.6% a year over five years.
What is the typical rent in 48103?: A typical home in 48103 rents for about $2,091 a month, a gross rental yield of 4.7%.
What is the property tax rate in 48103?: The effective property tax rate in 48103 is 1.6% — roughly $8,224 a year on a typical home.
Who lives in 48103?: ZIP code 48103 has a population of 55,054 and a median household income of $116,194.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

48130 vs 48103 →
Dexter, MI
Typical home
$507,741
Gross yield
—
48105 vs 48103 →
Ann Arbor, MI
Typical home
$561,028
Gross yield
5.2%
48104
Ann Arbor, MI
Typical home
$586,387
Gross yield
4.9%
48176
Saline, MI
Typical home
$470,380
Gross yield
3.9%
48108
Ann Arbor, MI
Typical home
$445,650
Gross yield
5.6%
48118
Chelsea, MI
Typical home
$412,378
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI48103

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