With
lakes, forest, farmland, college towns and big cities,
Michigan has a little of everything. Fortunately,
Michigan real estate prices are on the low end.
Michigan
Michigan is a state of great beauty if the outdoors is
your thing. The state borders no less than four of the
Great Lakes and has thousands of smaller lakes within
its border. Yes, thousands. With all this water come
forest and a bevy of outdoor activities. If you prefer
the city life, Detroit is in a renaissance. For a taste
of the college life, Ann Arbor is the home of the
University of Michigan.
Ann
Arbor
Home to
the University of Michigan, Ann Arbor is a great college
town. With a population of roughly 100,000, it is
actually a small city but can grow during college
football season. The football stadium holds over
100,000, and people from all over the state make a
weekend of the games. With the college atmosphere, Ann
Arbor is full of interesting little shops, cafes and has
an active nightlife. If you’re considering living in a
college town, Ann Arbor should be on the top of your
list.
Detroit
If ever
there was a city that took a beating in the press, it is
Detroit. Criticized for an out of control crime problem,
the city definitely deserved some criticism in the past.
These days, however, Detroit is in the process of
turning a new leaf. Over a BILLION dollars has spent
renovating the downtown area and crime statistics are
down significantly. For comparison purposes, Atlanta and
Washington, D.C., have much higher crime rates. The
rebirth of Detroit is an ongoing process, so don’t
hesitate to give it a look. It may be an opportunity to
get in on the bottom floor.
Michigan Real Estate
Michigan real estate prices are surprisingly cheap. A
single family home in Detroit will set you back roughly
$280,000, while the same home in Ann Arbor is $345,000.
On average, the prices in Ann Arbor are the highest in
the state.
With
such reasonable prices, one wouldn’t really expect to
see an exciting appreciate rate in Michigan. For 2005,
Michigan real estate appreciated at a miserly rate of a
little less than 5 percent.
Raynor
James is with
http://www.fsboamerica.org - FSBO homes for sale by
owner. Visit
http://www.homehelperdirectory.com/ to trade links
for real estate.
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