Total monthly cost of ownership
Cost to Own a Home in Ypsilanti, Michigan
A $224,000 home here costs
$2,048per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,152. The real number is $896 higher every month — 78% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ypsilanti against Washtenaw County and Michigan
| Measure | Ypsilanti | Washtenaw County |
|---|---|---|
| Median home value | $223,700 | $353,000 |
| Median property tax | $4,316 | $5,505 |
| Effective tax rate | 1.929% | 1.559% |
| Median gross rent | $1,034 | $1,400 |
| Population | 19,937 | 368,394 |
The weather behind that power bill
Ypsilanti sits in Washtenaw County, which averages a high of 83.8°F in its hottest month and a low of 15.2°F in its coldest, with 29.78" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 520 cooling and 6,742 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Washtenaw County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washtenaw County
Full Washtenaw County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Ypsilanti?
A $224,000 home in Ypsilanti, Michigan costs approximately $2,048 per month with 20% down at 6.66%. That is $1,152 principal and interest, $360 property tax, $84 homeowners insurance, $266 utilities and $187 set aside for maintenance.
What is the property tax rate in Ypsilanti?
Ypsilanti has an effective property tax rate of 1.929%, based on a median home value of $223,700 and median real estate taxes of $4,316. That is higher than the Washtenaw County average of 1.559%.
What is the average home price in Ypsilanti?
The median owner-occupied home value in Ypsilanti, Michigan is $223,700, against $353,000 across Washtenaw County.
Is it cheaper to rent or buy in Ypsilanti?
Median gross rent in Ypsilanti is $1,034 a month, against $2,048 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ypsilanti — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Michigan.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.