Bankruptcy Homes in Ypsilanti, MI

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$110,075 EMV
View this home at Ballard St # A Ypsilanti MI 48197
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Home Value Estimator For Ypsilanti, MI

There are currently 27,185 real estate properties in Ypsilanti, MI, with a median automated valuation model (AVM) price of $252,741.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ypsilanti, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ypsilanti, MI, is $268,459.00, with the most expensive house in Ypsilanti, MI, topping out at $89,900,000.00 and the cheapest home in Ypsilanti, MI, clocking in at $19,908.00. In other words, there’s something for every potential homebuyer or savvy investor in Ypsilanti, MI!

Rent Prices In Ypsilanti, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ypsilanti, MI, is on a rollercoaster ride. The average rent price in Ypsilanti, MI, is $1,484.00. Indeed, when looking to rent in Ypsilanti, MI, you can expect to pay as little as $620.00 or as much as $4,080.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Ypsilanti, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Ypsilanti, MI In 2024

Ypsilanti is located in Washtenaw, Michigan, with an estimated municipal population of 20,171 residents. All of the best foreclosed homes for sale in Ypsilanti are located in the following zip code areas on 48198 48197. The estimated population per square kilometer (.62 miles) in Ypsilanti is 1,842.

Cost Of Living In Ypsilanti, MI

So, about how much do homes cost in Ypsilanti? The most recent median value of resident-owned homes in Ypsilanti is 151,135. An estimated 31.8 percent of households in Ypsilanti own their homes, with an average family size of 3.15. The median household income in Ypsilanti is 39,332, with14.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ypsilanti, the median commute time of resident workers (in minutes) is 22. And last, but certainly not least, are you looking for homes to rent in Ypsilanti? If so, the average rent price paid by renters in Ypsilanti is 854, according to recent statistics.

Diversity And Demographics In Ypsilanti, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Ypsilanti, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Ypsilanti is 24.2, split between 51.8 percent male versus 48.2 female. The percentage of residents who report being married in Ypsilanti is 19.2, with an average family size of 3.15.

The percentage of residents who report their race in Ypsilanti is as follows:

White 64.9%
Black / African American 28.2%
Asian 2.4%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.7%
Other 0.7%

Looking for family-friendly neighborhoods in and/or near Ypsilanti? Or maybe you are searching for 55+ active adult communities in and/or near Ypsilanti?

The percentage of residents who report their age in Ypsilanti is as follows:

Under 10 8.3%
Aged 10-19 19.6%
20s 36.5%
30s 10.6%
40s 7%
50s 6.9%
60s 6.1%
70s 2.6%
80+ 2.3%

Best Schools In Ypsilanti, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Ypsilanti with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ypsilanti.

Pros And Cons Of Living In Ypsilanti, Michigan

How do you know that living in -- or moving to -- Ypsilanti is right where you need to be? Perhaps you grew up in Ypsilanti or already live nearby; therefore, the decision to buy a home in Ypsilanti is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ypsilanti for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Ypsilanti:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ypsilanti.

Reasons To Move To Ypsilanti, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ypsilanti can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ypsilanti, meanwhile, can field multiple offers from more qualified buyers.

Ypsilanti, MI Bankruptcy Homes


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