Ypsilanti Michigan - tell me about it

[Bryan H.]

I usually stick to what I know and invest in Macomb and Oakland counties. I haven't been able to find what I'm looking for, so I started branching out to other areas. A property in Ypsi caught my eye, so now I'm researching the area. Feedback is appreciated.

[Dakota Cooley]

Like Geof said, the property taxes run a little higher here. But it is a great market for rentals-student or not. A 3/1ranch and finished basement, even in the worst parts of town, can be rented from 900-1100. I have a great management company of you ever needed.

As for the city itself, the economy took the hit from the recession harder than any city in washtenaw county-which is a thriving county. It lost a GM plant which killed a lot of manufacturing jobs back in 2005-2007. Eastern Michigan University has helped keep a steady of increase of jobs each year since the recession. 

Average home sales have went from about 95k in 2011 to 140k in the beginning of 2015. This month, to date, has averaged just under 150k in Ypsilanti/Ypsilanti township. 

About 40% of the population here is 18-24 years old. The employment to population ratio is sitting at about 68% where a thriving town like Ann Arbor, which Ypsilanti borders, is sitting around 77%. Overall it has been a steady rise in the city, but slower than the rest of the county. It makes for a terrific rental market-if that's what you are searching for.

Hope this helps.