Three Michigan Cities Make the List Of America’s Hottest Rentals
While Michigan is known worldwide for its freshwater beaches, killer fall foliage, as the birthplace of the automobile, and Motown, what it isn't known for is housing one of America's hottest rental real estate markets. It is. Surprised? I was.
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I was even more surprised to learn that the Mitten State isn't home to just one of the hottest markets but three. That's three of the top twenty most in-demand markets for those looking to sign a lease rather than a mortgage.
Midwest Makeover Goes From Rust Belt to Semi-Chic
Michigan and the rest of the Midwest are amid a "rebranding." The reinvention has blended technology, advanced manufacturing, and employers paying more attention to work-life balance." This new mentality has flooded the rental market with hoards of would-be-leasers looking for a line to sign on.
While suburban Chicago is ranked among RentCafe's Top 20 Hottest Real Estate Markets in America, Michigan is close behind.
Michigan's Rental Market Appeal
What's the deal? Why are people flocking to Michigan rather than coastal hotspots or places that don't experience six months of winter annually? The short answer is: The other six months. Lakeside, summer living, reasonable rent (at least, for now), and Midwest sensibilities give those looking for the coastal lifestyle a place to call home without the saltwater pricetag.
RELATED: 5 Warning Signs Your Michigan Landlord Is Planning a Rent Hike
So, which Michigan cities made the list? Keep scrolling to see if you renew your lease before your landlord jacks up your rent.
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Gallery Credit: Scott Clow
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