30 Year Fixed
- 5.34 %
15 Year Fixed
- 4.94 %
1-Year ARM
- 4.07 %
5/1 ARM
- 4.94 %
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Michigan

Michigan is located in the Midwestern region of the United States and resides alongside four of the great lakes. It is also known as the automotive state due to the large number of vehicle assembly plants that are located within her borders.

The state’s total population is around 10,071,822 which make it the 8th most populated state in the nation with a median income of $44,627. Its demographics are as follows; 82.65% White American; 15.05% African American; 1.21% American Indian; 2.57% Asian American; 0.08% Native Hawaiian. Information technology and life sciences are lead by Michigan and it ranks 4th nationally in high-tech employment. The Michigan gross state product is estimated at $372 billion. The state’s top income tax bracket is a rate of 4.35% with a 6% local sales tax.

The largest city in the state of Michigan is Detroit, this is also the main hub for the automotive industry in the United States, and the population is estimated at 916,952. Grand Rapids is the next largest city with 193,627 and then Warren, Michigan with 134,223.

Michigan has a humid continental climate with the Lower section of the state having a slightly warmer climate then the upper region. Temperatures range from 3 degrees as the lowest in winter to 83 degrees being the warmest for the summer.

 

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Michigan Housing Statistics
MichiganUSA
Total Housing4,234,279121,699,874
Total Urban3,055,25194,464,240
Total Rural1,179,02827,235,633
Occupied3,785,661110,754,106
Vacant448,61810,945,767
Owner Occupied2,793,12473,306,541
Renter Occupied992,53737,447,565
Vacant for Rent72,8052,745,385
Vacant for Sale44,2501,264,534
 
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