This Michigan City Has the Best Deals on Homes in the Entire Country
If you've attempted to buy a house in the past few years, you know it can be a nightmare.
Costs are going up, homes get snatched up SO quickly. My husband and I bought our first house back in 2018 - we actually made an offer on a house without me even seeing it. I couldn't get out of work to go to the showing and we knew we needed to move quickly if we wanted to get it - thanks goodness I ended up loving our house, right?! And the housing market has gotten even crazier since then!
It's good to hear then, that even with ongoing inflation, one Michigan city has the best deals on homes in the entire country.
All Star Home wanted find which parts of the U.S. have the best return on their housing investment, so they analyzed American Housing Survey data to find the average rating residents attribute to their homes and neighborhoods. They conducted surveys, asking Americans across the country to determine how they felt about their current home and neighborhood. They a variety of questions like:
- What percentage of your home’s value would you attribute to the neighborhood?
- Do you like your home more or less now than when you first bought it?
- If you dislike your neighborhood, why, and if you plan to buy another home in the future, why?
They then compared these rankings to the median home value to find the places with the most housing bang for the buck.
All Star Home's findings?
Detroit, Michigan, is No. 1 for getting the best deals on homes in the U.S.
Detroit residents reported the highest average rating of their homes and neighborhoods for the lowest average cost.
Rochester, New York came in at No. 2 and and Birmingham, Alabama at No. 3
On the other end of the spectrum, San Francisco, California, San Jose, California, and Seattle, Washington, residents paid more for housing happiness than other cities.
- Nearly 1 in 5 Americans attribute half of their home’s value to their neighborhood.
- Nearly 3 in 4 Americans like their home less now than when they first bought it.
- Neighbors’ political views have caused 1 in 6 Americans to dislike their neighborhood.
- For 1 in 6 Americans say they moved to a new state to buy their current home.
- The top reasons Americans dislike their homes are "weird people" and "noise level".
Check out the full study here.
25 Best Places to Live in Michigan in 2023
Gallery Credit: Janna