Metropolitan Statistical Area (MSA):

Ann Arbor, MI

Ann Arbor, MI is a Metropolitan Statistical Area (MSA) comprising counties including .

Current Real Estate Trends in the Ann Arbor, MI Metropolitan Statistical Area

There is no doubt that the Ann Arbor, MI metropolitan statistical area (MSA) is one of the most desirable places to live in the United States. The combination of a highly educated workforce, a vibrant cultural scene, and a low cost of living make it an attractive destination for both young professionals and families.

The housing market in the Ann Arbor MSA has been on an upward trend for the past few years, as more and more people are looking to relocate to this area. The median home price in the MSA is now $334,000, which is up 5.4% from last year. The average price per square foot for homes in the MSA is also on the rise, reaching $170 in 2019.

There are several factors driving these trends in the Ann Arbor housing market. First, there has been an influx of high-paying jobs to the area, thanks to the growing presence of major employers like Google and Amazon. This has led to more people having the disposable income necessary to purchase a home. Additionally, many people are choosing to move to Ann Arbor because it offers a high quality of life without being as expensive as other major metropolitan areas like New York or San Francisco.

With demand for housing on the rise and prices continuing to increase, now is a great time to invest in real estate in the Ann Arbor MSA. Whether you're looking to buy your first home or invest in rental properties, there are plenty of opportunities available in this rapidly growing market.

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