Michigan Land for Sale
If you love water but want to live in the North, Michigan is calling your name. The state has the largest freshwater coastline in the country thanks to having coastline along 4 great lakes. The state has more registered boats than any other state thanks to all of the freshwater resources. The state is geologically divided into two peninsulas that are separated by two great lakes, Lake Michigan and Lake Huron. The Northern portion is heavily forested and mountainous only inhabiting 330k people of the state’s population of almost 10 million people. The southern portion of the state is mostly level containing a significantly large infrastructure of cities, ports, and roads. The southern portion of the state’s economy primarily consists of manufacturing, mainly automobile, and is assisted by the many ports allowing for the shipments of resources.
When it comes to the financial side of making land in Michigan your next big purchase, the state’s property value is relatively low. The average real estate transaction in the state is around $177,000 with the country average nearing $250,000. While you will be saving money on your initial transaction the state’s property taxes are on the high side at 1.64%. The national average property tax is only 1.08%. To calculate the property tax of your potential purchase area use an assessed value of 50% of the market value and multiply it by the millage rate of that area. Each county has a different tax rate with some counties as high as 2.55% of the market value and others dipping below 1.00%. If the tract of land you are eyeing will become your residence, the state cost of living is about average. Some components, such as grocery and housing, are under the national average while others, like transportation and utilities are over.
Hunting land for sale in Michigan
In order to add a piece of land in Michigan to your hunting portfolio, there are some important things to consider. The state becomes more wild the farther north you travel with the range of tract sizes increasing as well. In the Northern peninsula you will find most of the properties that are over 1000 acres in size. No matter where you end up buying, you will find great hunting including deers, bears, elks, turkeys, ducks, and upland birds. The regulations for the state are generally the same but tags allotted may change by county depending on the management numbers for the year. Landowners in the area will also enjoy plenty of boating and fishing opportunities thanks to the abundance of water sources. Popular fishing species include trout bass and walleye.
Christmas tree farm land for sale in Michigan
Michigan is among the farthest north states in the country, limiting the growing season and species that can be produced. The state’s growing season is only around 140 days long compared to some southern states reaching over 300. Even with the short season the state’s economy sees an annual impact of around 105 billion dollars from the food and agriculture industry. Primary crops are soybeans, wheat, and hay but the state is one of the largest producers of Christmas trees. The largest agricultural impact comes from the production of milk and cheese thanks to the large population of dairy cattle. The state’s farms also hold many hogs, chickens, and turkeys. Buying a farm in Michigan can be expensive. The average price per acre of a farm is $4960, $1800 higher than the national average. A perk of the state though is the ease in obtaining water. The state averages 30-40 inches of rainfall annually, plus there isn’t a point in the state more than 6 miles from a water source, so it's like your farm will have a stream or pond.
For Cheap Land in Michigan head North
Studying land listings in the state show that the cheapest land available will be found in the upper peninsula portion of the state. The average price dips below $200,000 and is pulled up due to the size of tracts available in the area. The Southeast portion of the state has prices averaging almost $350,000 so the difference is considerable. Some of the reasons the prices are less are because the area is mostly rural, forested, and mountainous while getting the most severe winter weather making the living conditions more difficult. You are also separated from over 90% of the state population by a bridge and two great lakes. If you are interested in finding good deals in the area, look for smaller parcels of land and try to find Michigan land for sale by owner.