The Midwest is a beautiful place to spend the summer months. If you’re a snow enthusiast, the winter can be nice, too, but even those who hate cold temperatures have to admit that summer in Michigan is pretty perfect. I personally love hitting the beach during the summer months, whether it’s a Lake Michigan beach or one of our great inland water options.
As it turns out, one Michigan city is one of the best in the Midwest to own vacation property. According to the crew at GoBankingRates.com, this Michigan town is picturesque and a great place to purchase property for investment purposes.
“The Midwest isn’t often regarded as a vacation hotspot, even in terms of avid stateside travelers,” the publication states in the study. “While coastal cities tend to get all the attention, there’s plenty to offer in what are often regarded as flyover states. Known for warm summers and snow-covered winters, you’ll find plenty of year-round activities worth planning a trip for.”
They add, “Of course, with Midwest real estate prices that generally skew lower than average, owning a vacation property could prove to be a lucrative endeavor. After all, lots of these tourist-friendly hotspots draw in travelers 12 months out of the year, so it can provide some great additional income when you’re not taking time off. Here’s a look at eight of the overall best cities to invest in real estate in the Midwest.”
The Michigan city that GoBankingRates.com highlights as one of the best in the Midwest to own vacation property is Traverse Bay. “Another Great Lakes coastal area, this one is in the far north of Michigan,” they state. “The picturesque location offers everything from sandy beaches to snow-capped skiing in addition to all the usual lakefront activities you can imagine. It’s a collection of communities, including Harbor Springs, Petoskey and Charlevoix. Each offers its own unique charms and are located a few miles away from one another, giving potential buyers some options when looking for a vacation property.” Find the full list of Midwest cities here.