Michigan houses

It’s a wild ride for the housing market right now, and prices keep going up. Now that interest rates are also going up, chances are the market will finally cool off a little bit, but only time will tell if it makes a significant difference or not. I’m always watching the market, because I would like to buy my first home someday soon- or at least someday.

Experts say that most U.S. real estate is overvalued right now, which isn’t a big surprise. What is a bit more surprising, however, is that one Michigan city is actually the third most overpriced city in the U.S. when it comes to the housing market. It’s certainly not a city I expected to see on the list.

The bad news, according to Moody’s Analytics, is that home values in 97% of U.S. cities are overvalued. The good news is that real estate in some of the most overpriced areas could fall by 10% over the next few years, they predict. That said, the nation’s most overvalued cities are pretty surprising. The No. 1 most overpriced market is currently Boise, Idaho, and the second-most overpriced market is Sherman-Denison, Texas, near the Dallas-Fort Worth area.

So, where is Michigan? According to Moody’s the third most overpriced city in the entire country is Muskegon, Michigan, where housing is 59% overvalued. What makes an area overpriced, according to Moody’s, is if property costs in the area are “well above” the normal relationship between home prices and incomes, rents and construction fees. So, that’s why areas where workers have higher incomes don’t show up on Moody’s tally as much as other areas. In general, Moody’s recommends waiting a year or two if you’re looking to buy a house, if you have the time. Buyers have already been waiting, though, so adding another one or two years might seem like an eternity, but it could be worth the wait.

These Are the Top 50 Michigan Areas to Buy a House

  • 50. Oneida

    Living in Oneida

    See what it's like to live in Oneida, MI. Explore reviews and statistics on crime, real estate, and cost of living.

  • 48. Williamston

    Williamston, City > Home

    Our goal is to provide information about our community for residents and visitors to learn about who we are and what we can provide. This will be an ongoing project with updates and additions as we go along, so check back often!

  • 47. Blendon Township

    Blendon Township

    The official government site of Blendon Township, Ottawa County Michigan

  • 46. Tecumseh Township

    Tecumseh Township

    Tecumseh Township is located in southeastern Michigan in the county of Lenawee. The township covers an area of 13.407 square miles with a population of 1972. Notice of Public Hearing Tecumseh Township A Public Hearing will be held on Monday January 10, 2022, at 6:00 P.M.

  • 45. Sheridan Charter Township

    Living in Sheridan Charter Township

    Sheridan Charter Township is located in Michigan with a population of 2,767. Sheridan Charter Township is in Newaygo County and is one of the best places to live in Michigan. Living in Sheridan Charter Township offers residents a rural feel and most residents own their homes.

  • 44. Jamestown Charter Township

    Jamestown Charter Township - Established 1849

    NOTICE OF POSTING OF PROPOSED ZONING MAP REZONING AMENDMENT ORDINANCE PLEASE TAKE NOTICE that a Jamestown Charter Township Zoning Map Rezoning Amendment Ordinance had its first reading at a meeting of the Jamestown Charter Township Board held on May 16, 2022 and is scheduled for a second reading at a meeting of the Jamestown Charter Township Board on June 20, 2022.

  • 43. Ferrysburg

    City of Ferrysburg | A Tri-Cities Community

    Ferrysburg's roots are woven deeply into the fabric of the Tri-Cities area. Since incorporation as a city in 1963, work has progressed steadily to develop the community with imagination and an eye to the future. Adequate transportation, open land, industrial diversification, recreational resources and substantial residential development all serve to help underwrite and insure the Ferrysburg of tomorrow.

  • 42. Lima

    Home

    Historic Residence in Lima Township Addresses Mailing AddressP.O. Box 59Chelsea, MI 48118Mail All:Tax PaymentsAbsentee BallotsBallot ApplicationsVoter RegistrationsAll CorrespondenceTownship Office12172 Jackson Rd.Dexter, MIM-W-Thu 9-12 noonNo Mail Delivery toThis Address.TaxesPermitsAssessingRegister to VoteAbsentee Ballots 24/7 Drop BoxTownship Hall11452 Jackson Rd.Dexter, MI(meetings & voting)MeetingsPrecinct #1 and [...]

  • 41. Frankenmuth

    Frankenmuth Michigan | Frankenmuth

    Introducing, The Bavarian Bierpass Your Tool for Exploring Frankenmuth Through Beer, Wine, & Spirits Grab your passport for a trip around Michigan's Little Bavaria - When you successfully complete the journey around town, a prize awaits you at the end!

  • 40. Courtland Township

    Courtland Township, MI |

    The Parks Committee could sure use a hand!Saturday, May 21st starting at 8:30 a.m.Call Sue or Nyha with questions 616-... ISO someone that can build two sets of horseshoe pits (similar to the ones pictured) at the Courtland Township park.... Our first SHRED DAY is scheduled for Saturday, June 18th from Noon to 3:00 p.m.Bring your documents to be shredded...

  • 39. Bloomfield Charter Township

  • 38. Ingersoll

    Living in Ingersoll Township

    Ingersoll Township is a suburb of with a population of 2,681. Ingersoll Township is in Midland County. Living in Ingersoll Township offers residents a rural feel and most residents own their homes. In Ingersoll Township there are a lot of parks. Many young professionals and retirees live in Ingersoll Township and residents tend to be conservative.

  • 37. Grand Haven Charter Township

    We look forward to seeing you there on this exciting milestone in our new Township Park!

    Posted by Grand Haven Charter Township on Tuesday, March 29, 2022

  • 36. Baldwin Township

  • 35. Haslett

    Living in Haslett

    Haslett is a suburb of Lansing with a population of 19,565. Haslett is in Ingham County and is one of the best places to live in Michigan. Living in Haslett offers residents a dense suburban feel and most residents own their homes. In Haslett there are a lot of restaurants and parks.

  • 34. Jenison

    Living in Jenison

    Jenison is a suburb of Grand Rapids with a population of 17,431. Jenison is in Ottawa County and is one of the best places to live in Michigan. Living in Jenison offers residents a dense suburban feel and most residents own their homes. In Jenison there are a lot of parks.

  • 33. DeWitt

    Living in DeWitt

    DeWitt is a suburb of Lansing with a population of 4,691. DeWitt is in Clinton County and is one of the best places to live in Michigan. Living in DeWitt offers residents a suburban rural mix feel and most residents own their homes. Many families live in DeWitt and residents tend to lean conservative.

  • 32. Quinnesec

    Living in Quinnesec

    Quinnesec is a town in Michigan with a population of 1,177. Quinnesec is in Dickinson County. Living in Quinnesec offers residents a rural feel and most residents own their homes. In Quinnesec there are a lot of bars. Many retirees live in Quinnesec and residents tend to be conservative.

  • 31. Freeland

    Freeland

    Freeland is located about 15 miles northwest of Saginaw in the Great Lakes Bay Region. Freshwater adventures and natural wonders are beckoning you to Lake Huron's Saginaw Bay.

  • 30. Resort Township

    Resort Township Michigan News

    Curbside Spring Clean-up 2022 Curbside spring clean-up is scheduled to begin Monday, May 16, 2022. You can put up to 2 cubic yards of miscellaneous material out at the edge of the road. This would be a pile approximately 4'x4'x4' high. It should be at the street by Monday, May 16th at 7:00am.

  • 29. Midland

    Midland, MI - Official Website | Official Website

    MOORLAND DRIVE CLOSED WEEKDAYS THRU MID-JUNE Read On... CONSUMERS ENERGY WORK Read On...

  • 28. Grosse Point Woods

    Grosse Pointe Woods Michigan Home Page

    BSA AccessMyGov site for Grosse Pointe Woods will be undergoing maintenance from 5:00 PM on Thursday May 26th through 12:00 PM on Friday May 27th

  • 27. Oakland Charter Township

    Living in Oakland Charter Township

    Oakland Charter Township is a suburb of Detroit with a population of 19,115. Oakland Charter Township is in Oakland County and is one of the best places to live in Michigan. Living in Oakland Charter Township offers residents a rural feel and most residents own their homes.

  • 26. Webster Township

    Living in Webster Township

    See what it's like to live in Webster Township, MI. Explore reviews and statistics on crime, real estate, and cost of living.

  • 25. Troy

    Welcome to City of Troy, Michigan

    How often are City Council meetings held and where?

  • 24. Fulton Heights

    Fulton Heights Neighborhood Association

    Fulton Heights Neighborhood Association A Nonprofit Organization of Neighborhood Residents Our mission is to sustain a welcoming neighborhood that fosters interaction and communication among residents. We advocate for the neighborhood and keep residents informed.

  • 23. Brighton Township

    Brighton Township, MI | Official Website

    Create an Account - Increase your productivity, customize your experience, and engage in information you care about.

  • 22. Texas Charter Township

    Texas Charter Township, MI | Official Website

    Create an Account - Increase your productivity, customize your experience, and engage in information you care about.

  • 21. Portage Charter Township

    Charter Township of Portage

    Portage Township | Michigan

  • 20. Crockery Township

    Crockery Township

    Search for Crockery Township under the look-up for municipalities. From there you will fill in the appropriate information to obtain your desired information. If you are not the property owner, charges may apply.

  • 19. Norway Township

    Norway Township Michigan |

    Norway Township is located in the south central portion of Dickinson County and consists of approximately 89 square miles. According to the 2010 census there are 1,489 people living in the township with the majority living in the southern portion which consists of rolling hills and farmland.

  • 18. Zeeland Charter Township

    Zeeland Charter Township | Zeeland, MI

    Zeeland Township is a beautiful Township which shows pride in its historic background and its strong religious heritage. The Township, named after the Province of Zeeland in the Netherlands, was settled in 1847 by a group of 457 courageous settlers who were seeking religious and political freedom.

  • 17. Northville

    Home

    No Description

  • 16. Cannon Township

    Living in Cannon Township

    Cannon Township is a suburb of Grand Rapids with a population of 14,792. Cannon Township is in Kent County and is one of the best places to live in Michigan. Living in Cannon Township offers residents a rural feel and most residents own their homes.

  • 15. Beverly Hills

    Beverly Hills Real Estate - Beverly Hills MI Homes For Sale | Zillow

    Zillow has 15 homes for sale in Beverly Hills MI. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place.

  • 14. Forest Hills

    Living in Forest Hills

    Forest Hills is a suburb of Grand Rapids with a population of 27,830. Forest Hills is in Kent County and is one of the best places to live in Michigan. Living in Forest Hills offers residents a rural feel and most residents own their homes.

  • 13. West Ishpeming

    Living in West Ishpeming

    West Ishpeming is a town in Michigan with a population of 2,739. West Ishpeming is in Marquette County. Living in West Ishpeming offers residents a rural feel and most residents own their homes. Many retirees live in West Ishpeming and residents tend to lean conservative. The public schools in West Ishpeming are highly rated.

  • 12. Tilden Township

    Living in Tilden Township

    Tilden Township is located in Michigan with a population of 1,047. Tilden Township is in Marquette County. Living in Tilden Township offers residents a rural feel and most residents own their homes. In Tilden Township there are a lot of bars. Many families live in Tilden Township and residents tend to be conservative.

  • 11. Huntington Woods

    Welcome to Huntington Woods, MI

    AV Applications for the May 3, 2022 Berkley School Special Election have been mailed. The Absentee Voter Application will look a little different than previous elections. Please keep an eye out in your mail for a postcard application, which will look like the image to the left.

  • 10. Hudsonville

    Welcome to Hudsonville, Michiganhome

    Welcome to the official website of Hudsonville, Michigan

  • 9. Ottawa Hills

    HOME | Ottawahillsgr

    Welcome to Ottawa Hills! Established in 1922, Ottawa Hills is a historic neighborhood in southeast Grand Rapids, MI bordered by Hall, Giddings, Franklin, and Cadillac streets. This shows all the homes in OHNA. In response to the COVID-19 pandemic we know how important it is to stay safe.

  • 8. Grosse Pointe Farms

    City of Grosse Pointe Farms

    Welcome to City of Grosse Pointe Farms

  • 7. Okemos

    Okemos

    Enjoy the convenience of this beautiful community and quiet location near Michigan State University. Hand-crafted and award-winning restaurants offer amazing flavor. Shop our stores and find great deals at the [...]

  • 6. Lodi Township

    Lodi Township

    2022-2023 Approved Budget can he found HERE Lodi Township Fall Newsletter 2021 can be found HERE With the approval of Proposal 18-3. ANYONE can request an Absentee Ballot. Save yourself some time on Election Day and sign up TODAY for the Permanent AV list and receive an APPLICATION for every election.

  • 5. Royalton Township

    ROYALTON TOWNSHIP

    We're Growing with Good People

     

  • 3. Berkley

    Berkley

    Situated to enjoy small town benefits with an active downtown district and home to the annual Dream Cruise Parade.Catching Fireflies, voted best gift shop, is downtown. Experience authentic German cuisine at The Berkley Front Restaurant & Tavern.

  • 2. Eastgate

    Living in Eastgate

    Eastgate is a neighborhood in Grand Rapids, Michigan with a population of 9,421. Eastgate is in Kent County and is one of the best places to live in Michigan. Living in Eastgate offers residents an urban suburban mix feel and most residents own their homes.

  • 1. Larkin Charter Township

    Welcome to Larkin Charter Township

    MATS presents the Proposed FY 2023-2026 Transportation Improvement Program draft document. Public review period extends to May 31, 2022. Please reply with any comments, questions, or concerns. Bryan Gillett, Transportation Planner, Midland Area Transportation Study, 989-832-6812 midlandmpo.org The MATS Public Open House 2023-2026 Transportation Improvement Program occurred Wednesday, May 11, 2022 5-7 PM @ Midland County Services Building, 220 W.

  • Best cities, exclusively, to buy a house in Michigan

    This study looked at cities, townships, suburbs and towns, but what about just the best city in Michigan to buy a house?

  • The No. 1 best city to buy a house in Michigan is...

    When it comes to cities, Lansing is actually No. 1 on the list, followed by Grand Rapids. Ann Arbor is next, followed by Warren and Detroit.

  • Lansing stats

    For Lansing, which was ranked the No. 1 city to buy a house in Michigan, Niche says, “Lansing is a city in Michigan with a population of 117,159. Lansing is in Ingham County. Living in Lansing offers residents a dense suburban feel and most residents own their homes. In Lansing there are a lot of coffee shops and parks. Many families and young professionals live in Lansing and residents tend to lean liberal. The public schools in Lansing are above average.”

  • 50 Best Places to Buy a House in Michigan

    This list is via Niche.com.

Anne Erickson's love for music drew her into radio, and she started shortly after graduating from MSU. She has a passion for rock and metal, plus local music. She also fronts the band Upon Wings. Email Anne at erickson@WRIF.com, follow her on Instagram at @EricksonAnne and tweet at her @AnneErickson!