Geographic Information

Description of Michigan
Investors looking for buy-to-let opportunities in Michigan need to have their wits about them as this is the kind of state where the term ‘mixed bag' is somewhat applicable. For example, in some of the poorer areas around the capital Detroit, homes are practically given away in areas where demand for low-cost housing is high. At the other side of the spectrum, landlords in Wayne County are making an absolute killing with up to 19.8 per cent gross rent yields on the cards. As a buyer’s market, extremely low prices in some areas make Michigan a prime opportunity for both newcomers and those looking for affordable family housing. There’s also a strong tourism industry to consider if interested in investing in the state’s popular urban centres.

Current Property Prices in Michigan

3,942 properties listed for sale in Michigan

2 bed houses:

391 listed for sale
£16,008 to £1,357,724
Average: £156,618

3 bed houses:

1056 listed for sale
£15,076 to £1,210,686
Average: £157,239

4 bed houses:

384 listed for sale
£20,614 to £811,828
Average: £205,479

5 bed houses:

101 listed for sale
£25,780 to £2,280,849
Average: £329,332

6 bed houses:

29 listed for sale
£18,615 to £502,483
Average: £142,429

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Images of Michigan, USA

Popular Destinations in Michigan

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