Housing market/Michigan/ZIP 48197
ZIP 48197 Ypsilanti, Michigan
Ann Arbor, MI MSA · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 48197 · MI — sent to you.
ZIP 48197 · MI
ACS rent vs 2BR SAFMR
ZIP 48197 — Ypsilanti, MI HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 48197
- 1-unit detached13,97948.8%
- 1-unit attached1,0413.6%
- 2–4 units2,5108.8%
- 5–49 units8,24328.8%
- 50+ units1,4925.2%
- Mobile1,3844.8%
2–4 unit share 8.8% · 5–49 unit share 28.8% · combined 2–49 37.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,203 (all bedrooms, occupied rentals).
- Median contract rent $1,084.
- Renters paying ≥30% of income 51.3%; ≥50% 27.4%.
- FY2027 2BR SAFMR $1,630 (1.355× ACS median gross rent).
Population
65,911 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -3.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 15 projects, 1,557 units.
- HUD project-based assisted MF: 8 properties, 1,015 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 534 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 48197 46.5% of occupied households are renters; vacancy is 4.7%; ACS median gross rent is $1,203; population changed -3.2% between the 2018 and 2023 ACS vintages; the housing stock includes 2,510 units in 2–4-unit structures and 8,243 units in 5–49-unit structures; 15 LIHTC projects totaling 1,557 units; FY2027 2BR SAFMR is $1,630 versus ACS median gross rent of $1,203. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Michigan research
ZIP 48197 is a Census / HUD profile for Ann Arbor, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 48197 — Ypsilanti, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 48197?
ZIP 48197 (Ann Arbor, MI MSA) has 65,911 residents, 27,315 households, a renter share of 46.5%, median household income of $70,913, and ACS 2023 median gross rent of $1,203. Vacancy is 4.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 48197?
ACS counts 674 units in 2-unit buildings, 1,836 in 3–4 unit buildings, 3,423 in 5–9, 3,587 in 10–19, and 1,233 in 20–49. Combined 2–49 unit stock is 10,753 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 48197?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,630. See the full schedule and 90–110% payment-standard band on the ZIP 48197 — Ypsilanti, MI HUD Section 8 Payment Standards / SAFMR.
Does this Michigan ZIP profile include Georgia listings?
No. ZIP 48197 is Census / HUD research for Ann Arbor, MI MSA. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.