Why Live in Old Fourth Ward
Old Fourth Ward in Ann Arbor is a historic neighborhood known for its 19th and early 20th-century architecture, protected as a Historic District since 1983. This area, with its Queen Anne, Italianate, and other architectural styles, is predominantly occupied by University of Michigan students renting historic duplexes. Despite its student population, the neighborhood is quieter than expected, attracting graduate and medical students seeking a peaceful environment. The proximity to downtown, the University, and the University Hospital enhances its appeal, with walkability being a key lifestyle feature. Residents enjoy local dining options like Zingerman's and the Gandy Dancer, and cultural activities at the University. Community High School, a highly rated magnet school, serves the area, alongside Bach Elementary, Forsythe Middle, Slauson Middle, and Skyline High, all of which have high ratings. The neighborhood is safer than the national average, offering a sense of security. Community events, such as the Ann Arbor Farmers Market and local church activities, foster a strong sense of community. Transportation is convenient with bus lines, bike lanes, and an Amtrak station nearby, while the Huron River offers kayaking opportunities.
Frequently Asked Questions
Is Old Fourth Ward a good place to live?
Old Fourth Ward is a good place to live. Old Fourth Ward is considered fairly walkable and bikeable with great transit options. Old Fourth Ward is a suburban neighborhood. Old Fourth Ward has 7 parks for recreational activities. It is very dense in population with 20.6 people per acre and a median age of 26. The average household income is $51,958 which is below the national average. College graduates make up 89.4% of residents. A majority of residents in Old Fourth Ward are renters, with 96% of residents renting and 4% of residents owning their home. A
local real estate agent serving Old Fourth Ward can help you decide if this neighborhood is the right one for you. Learn more on our
Old Fourth Ward neighborhood guide.
How much do you need to make to afford a house in Old Fourth Ward?
The median home price in Old Fourth Ward is $1,395,000. If you put a 20% down payment of $279,000 and had a 30-year fixed mortgage with an interest rate of 6.58%, your estimated principal and interest payment would be $7,110 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $305K a year to afford the median home price in Old Fourth Ward. The average household income in Old Fourth Ward is $52K.
What are the best public schools in Old Fourth Ward?
The best public schools that serve Old Fourth Ward are:
- Community High School has an A+ Niche grade, a student teacher ratio of 14:1 and an average review score of 4.4.
- Huron High School has an A+ Niche grade, a student teacher ratio of 14:1 and an average review score of 3.8.
- Skyline High School has an A+ Niche grade, a student teacher ratio of 17:1 and an average review score of 3.8.
What are the best private schools in Old Fourth Ward?
The best private schools that serve Old Fourth Ward are:
What are the most popular zip codes in Old Fourth Ward, Ann Arbor, MI?
What are the most popular neighborhoods near Old Fourth Ward, Ann Arbor, MI?
Are home prices dropping in Old Fourth Ward?
Yes, home prices in Old Fourth Ward are down 27% in the last 12 months.
Home Trends in Old Fourth Ward, MI
On average, homes in Old Fourth Ward, Ann Arbor sell after 78 days on the market compared to the national average of 52 days. The median sale price for homes in Old Fourth Ward, Ann Arbor over the last 12 months is $870,000, down 28% from the median home sale price over the previous 12 months.
Median Sale Price
$870,000
Median 2 Bedroom Sale Price
$1,375,000
Median 1 Bedroom Sale Price
$304,500
Average Price Per Sq Ft
$672
Number of Homes for Sale
5
Last 12 months Home Sales
5
Median List Price
$1,395,000
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
-28%