These 4 Michigan Cities Are Moving Towards Vacancy
America’s biggest cities will never be “vacant,” in the true sense of the word, but certain cities are losing a lot of residents. A new study is out, and it actually implies that four Michigan cities are moving towards vacancy.
The research comes from Aa.investing.com. “There is no shortage of cities in America that provide great quality of life to their inhabitants,” the article states. They add, “For some reason, however, Americans are leaving cities at record numbers, never before seen.”
They go on to mention that one reason could be the shifting economy, as well as the low cost of small-town living. It’s true that you can get a much larger house in a smaller town for a more affordable price than that same house in a larger city. Even the suburbs can be very expensive, especially if they are connected to a major city. Za.investing.com notes that “with a changing economy, people are more independent, moving away from these larger cities in droves.”
Before we get to our state, let’s look at the No. 1 city that they say is moving towards vacancy. It’s Washington, D.C. Why? “Over the last decade, while there has been a major influx of young professionals moving into the city, this has led to large scale gentrification that has relegated a lot of lifelong DC-natives to nearby Maryland and Virginia, where housing costs are lower,” the article states. The major industries here are the federal government and tourism, and the annual growth rate is 1.04%.
As for Michigan, the city that is moving towards vacancy is Detroit. The Motor City is No. 12 on the tally. “People continue to flee the city, which is still experiencing the aftereffects of its boom-and-bust car industry, such as pollution and high unemployment rates,” the article states. Saginaw, Michigan, is also here, at No. 35. Bay City is No. 36. Finally, Flint is No. 44. Find the full tally here.
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