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