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49. Muskegon, Michigan. Median annual income: $40,900. Monthly mortgage payment: $1,019. Average home value: $170,361. State average home value: $243,677.86 ...
Resting on the shores of Lake Superior, the town of Marquette offers waterfront views along with dependable snow. “Places like Marquette, Michigan seem pretty ideal,” said Wright.
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In 1981, the City of Detroit purchased the site from Uniroyal for $5 million and then spent another $3.6 million to demolish structures and clear the site. [4]The Detroit Riverfront Conservancy, incorporated as a 501(c)(3) organization, helped raise funds for the International Riverfront project. [1]
As of January 2013, 47 houses in Detroit were listed for $500 or less, with five properties listed for $1. Despite the extremely low price of Detroit properties, most of the properties have been on the market for more than a year as the boarded-up, abandoned houses of the city are seldom attractive to buyers.
The first repair shops were built in 1851 and located on 20 acres of waterfront property in Detroit, Michigan. In 1873 they were moved to a larger plot of land on the west side of the city along Livernois Avenue, then consisting of two roundhouses and car repair shops. [6]