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Ann Arbor is the seventh largest city in the state of Michigan with a population of 114,024 people. Of these, as many as 36,892 – which is about 32 percent – are college or graduate students. Many people say the city was named for the spouses of the city’s founders – as in ‘Ann’ – and for the row upon row of tree stands in the area, denoted by ‘Arbor’. The city is famous for being home to the main campus of the University of Michigan. A person from Ann Arbor is called an ‘Ann Arborite,’ and many long-time residents also call themselves ‘townies’. The city itself is often called A² (‘A-squared’) or A2 (‘A two’). The Ann Arbor apartments still go by the proper name, and boast of several newcomers in the midst of the townies.
The city’s economy, which was once noted for production of agricultural implements, carriages, furniture, pianos, organs, pottery, and flour, is now dominated by education, high tech industries and biotechnology. The University of Michigan shapes Ann Arbor's economy significantly. It employs approximately 30,000 workers, including about 7,500 in the medical center. The Ann Arbor apartments have been specially located close to the university since a majority of residents look for modern and comfortable housing close to their place of work. Other major components of the city’s economy are the numerous medical offices, laboratories, and associated companies located in the city. Automobile manufacturers such as General Motors and Ford, also employ residents.
Ann Arbor has a distinct college-town atmosphere with the presence of the University of Michigan being the dominant institution of higher learning in the city. Other higher educational institutions in the area include a business school, a liberal-arts university and a Catholic college. The city is home to more than 20 private schools, with the Ann Arbor Public School District handling local public education. This system consists of 34 schools that enroll over 17,000 students every year. For parents looking at giving their child a sound education, settling down in the city is a blessing, only bettered by the superb housing provided by the Ann Arbor apartments.
Ann Arbor is a culturally rich town, offering residents with cultural attractions like theatre, ballet and opera. Several theatre performances are even held in the neighborhood of the Ann Arbor apartments, bringing dozens of residents out of their homes in the evenings. The city also boasts of numerous events such as the Ann Arbor Arts fair that attracts nearly half a million people to visit it, the Hash Bash, held in support of the reform of marijuana laws, and the still prevalent Naked Mile, which features students running naked through the streets in late April to celebrate the end of the winter semester.
With the city becoming a favorite amongst new residents, average home prices and property taxes are on the rise and are currently above the state and national medians. Hence homes at the Ann Arbor apartments are at a premium and likely to go up further. There an abundance of apartments to choose from in Ann Arbor and the rental rates are competitive. The rental rates for the Ann Arbor market range from $500 per month for a one-bedroom apartment to $1,450 per month for a three-bedroom townhome that comes with a garage.