Several cities in Michigan are popular for investment. Detroit has ranked amongst the best locations for real estate investment recently, including ranking amongst the top 17 places to buy U.S. rental property in 2019 according to Real Wealth Network. Oakland County is also attractive for investment with several cities in the county offering strong yields and/or a recent history of significant capital appreciation.
Detroit is a popular location for property investment both for rental income and capital appreciation. Some properties in Detroit offer net rental returns exceeding 8%. In addition, home values for the Detroit-Warren-Dearborn Metro area have increased 8.2% year over year in the year ending February 2019 (Zillow).