ZIP Code 48103

ZIP code 48103, centered on Ann Arbor, ranks among Michigan's more affluent areas. A median household income of $116,194 and per-capita income of $69,131 sit well above state norms, while a median home value of $471,700 reflects a pricey housing stock. Property taxes run at a county-level effective rate of 1.52%, a meaningful annual cost on a home at that value. Add a 6.00% combined sales tax on purchases, and the overall tax picture carries real weight, though the area's high earnings and strong property values give households here the capacity to absorb it.