Colonial Square Cooperative, Ann Arbor, MI
Colonial Square Cooperative — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Colonial Square Cooperative, Ann Arbor, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Colonial Square Cooperative Neighborhood Overview
Colonial Square Cooperative is a distinctive housing community located in Ann Arbor, Michigan, offering a unique cooperative living model. Situated in the 48108 ZIP code, it provides residents with an affordable path to homeownership within the Ann Arbor area. The community fosters a strong sense of shared responsibility and neighborly connection among its members.
Lifestyle & Amenities
As a housing cooperative, residents own shares in the corporation that owns the property, rather than owning their individual units outright. This model often includes shared amenities and grounds maintenance managed collectively by the cooperative. The lifestyle emphasizes community engagement and collaborative decision-making among member-owners.
Real Estate Market
The real estate structure in Colonial Square Cooperative differs from traditional home sales, with residents purchasing a membership share. For context, the broader census area reports a median home value of $351,500. The cooperative model is designed to provide a more affordable and stable housing option within the Ann Arbor market.
Schools & Education
Residents of Colonial Square Cooperative are served by the highly regarded Ann Arbor Public Schools district. The specific schools assigned can vary, so families should verify current district boundaries and placements. The district is known for its strong academic programs and extensive resources.
Transportation & Connectivity
The community benefits from Ann Arbor's robust public transit system, TheRide, with several bus routes providing access to downtown, the University of Michigan, and major shopping areas. Its location offers convenient connectivity to major roads like I-94 and US-23, facilitating travel throughout the region.
Why Choose Colonial Square Cooperative
Colonial Square Cooperative is an ideal choice for those seeking an affordable, community-oriented lifestyle in Ann Arbor without the full cost of a traditional single-family home. The cooperative model promotes stability, resident control, and a strong neighborhood fabric. It represents a unique and valued part of Ann Arbor's diverse housing landscape.
Colonial Square Cooperative Market Data
| Metric | Value |
|---|---|
| Median Home Price | $352K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $76K |
| Homeownership Rate | 55.0% |
| Renter-Occupied | 45.0% |
| Rental Vacancy Rate | 2.4% |
| Market Type | Seller's |
| Market Tier | Mid-Range |
| Primary ZIP Code | 48108 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Colonial Square Cooperative, Ann Arbor
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Colonial Square Cooperative, Ann Arbor, MI. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15