Wolverine, MI

Wolverine is a small town located in the Upper Peninsula of Michigan. The population is just over 1,000 people and the median household income is just over $40,000. The town has a small commercial district along Main Street and a few small businesses scattered throughout the residential areas. There are no major shopping centers or malls in Wolverine, but there are several smaller businesses that cater to local residents.

Real estate in Wolverine is primarily made up of single-family homes and duplexes. The majority of these homes were built in the 1950s and 1960s, but there are a few newer homes mixed in as well. The average price for a home in Wolverine is around $130,000, but there are some properties that can be found for much more money. The town does not have any high-rise buildings or apartments, so real estate here tends to be more affordable than most places in Michigan.

The main reason why real estate prices are so low in Wolverine is because it doesn't have much competition from other towns nearby. There aren't many jobs available close by, so most people who live here commute to jobs outside of town or they work at one of the few businesses located here. This makes it difficult for new businesses to start up and compete with existing ones, which keeps prices low overall.