Is Lansing Michigan a good place to invest in real estate?
Is Lansing Michigan a good place to invest in real estate? Right now, the local real estate market in Lansing is very hot, favoring rental property owners and sellers. Home values have increased by 16.1% over the past year and currently stand at $139,197, making Lansing an affordable option for investors.
Is Michigan good for real estate investment? 2 Best City for Real Estate Investment in America. If you’re looking to invest in the real estate market, Michigan is actually the perfect spot to do so, according to a new study. In fact, Michigan has the second best city for real estate investment in the entire U.S. How’s that for bragging rights?
What are the hottest real estate markets in Michigan?
- Rockford. With a population of 6,310, the city of Rockford experienced a 13.9% year-over-year growth rate.
- Auburn Hills.
- East Grand Rapids.
Is Michigan a landlord friendly state? Michigan is another state with landlord-friendly legislation. And Michigan’s economy is doing good as well. Employment is spread more evenly across manufacturing, healthcare and social assistance, retail and education services. Michigan’s property tax, though, is slightly on the high side at 1.64%.