|Michigan Real Estate at a Glance:|
|Population:||9,883,360||Est. % of all sales that are short-sales:||0.32%|
|Land Mass in Square Miles:||96,716.11||Property Taxes % of Home Value:||1.62%|
|Median Home Value:||$132,200|
Here are today’s average mortgage loan interest rates for the state of Michigan.
Michigan abuts the Great Lakes and is the 9th most populous state in the country with just under 10 million people. According to Michigan’s official website’s state facts, if you’re standing in the state you are never more than six miles from a source of freshwater.
The state’s median home value is $132,200, but its property taxes are amongst the highest in the nation. Weighing in at 1.62 percent, Michigan’s property taxes are the 8th highest in the country.
For an up-to-date report on Michigan’s home loan rates, refer to the chart above.