Taking a Look at Housing Rental Cost Dynamics in Michigan’s Upper Peninsula
In a newly-published research paper, NMU’s Dr. Weronika Kusek and Max Steele take a look at the issue of rising rental costs across four counties in Michigan’s Upper Peninsula, analyzing data from the Department of Housing and Urban Development, the United States Census Bureau, Zillow, and the Bureau of Economic Analysis.
“Housing prices in the US have been increasing at an average rate of 7% over the last seven years. The Upper Peninsula has not been immune to this trend, with housing prices lurching higher across the region. This study looks at the pricing dynamics of housing across several counties in Michigan’s Upper Peninsula, which have relatively large populations for the UP, and feature a significant population of students and/or tourists.”
You can read the full research paper on Rural Insights here: https://ruralinsights.org/content/publications/housing-rental-cost-dynamics-in-michigans-upper-peninsula/
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