Michigan houses are old and getting older. It’s a ‘huge problem’ for state
Summary
Most homes in Michigan are old, with about 60% built in or before the 1970s. This aging housing causes problems like costly repairs and safety issues, making it harder for people to buy homes, especially first-time buyers.Key Facts
- Around 2.5 million homes in Michigan are from 1970 or earlier.
- The average age of Michigan homes is 53 years, older than the national average of 45 years.
- Old homes may have problems like worn-out water heaters, broken roofs, and unsafe materials such as asbestos and lead paint.
- Older homes often need expensive renovations, which can stop people from buying them.
- Michigan lawmakers have tried but not succeeded in changing zoning laws to encourage building new homes.
- First-time homebuyers in the U.S. are getting older, with the average now 40 years old.
- Michigan has programs to help repair and improve old homes, including improving energy efficiency.
- Similar states in the Midwest, like Ohio and Illinois, also have older home stocks.
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