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Real Estate for
Retirement
Active Adult Living
Master Planned
Retirement Development
Real Estate for
Retirement
Active Adult Living
Master Planned
Retirement Development
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| Cozy Holland is a
delightful small city (population 34,000) located on Lake
Macatawa and Lake Michigan, in the
southwestern section of Michigan. Settled by Dutch
Calvin separatists in 1847, Holland is a conservative
place and has a strong
religious identity. It was once was known as the City of
Churches, and today it boasts 170 churches, many of them
associated with the Reformed Church in America (which
was once the North American branch of the Dutch Reformed
Church).
The town's Dutch roots run deep and are reflected in its
traditional Dutch architecture and in the colorful, annual Tulip Time
Festival held each May, a time when six million tulips
bloom throughout the city. Perhaps this is why
Holland has been named the second happiest place in the
U.S. by the Gallup-Healthways Well-Being Index.
Of
the population, 16% is age 45 to 64, and 14% is age 65 or
better. |
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The cost of living is approximately 18%
below the national average, and the median home price is roughly
$125,000, also well below the national average. Home
styles are varied and include Cape Cods, brick
ranch-styles, standard bi-levels, cottages, Victorians, early
20th-century bungalows and modern vinyl and brick
2-story homes. Comfortable three
bedroom, two bath homes with 1,200 to 1,500 square feet can easily
be found in the low $100,000s (and some needing a little fixing up
can be found for less than $100,000). The median home price of
$125,000 and
up to $200,000 will fetch a pretty new home with upgrades or
an older home with renovations (which may include hardwood floors,
cathedral ceilings and a Jacuzzi), two or four bedrooms, two
baths, a large lot, a garage and mature trees. Condominiums
overlooking the lake can be found for less than
$100,000.
Some of Holland's most expensive homes are found on the south
shore of Lake Macatawa where residences can reach 10,000 square
feet and cost in the millions of dollars.
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The average
apartment rent in Holland is around $550 per month for a two bedroom, one
bath unit, and availability seems good There are also
fourteen mobile home communities, a handful of which are
age-restricted. Prices start at around $30,000. Holland
has two historic districts with more than 350 properties listed,
most dating from the mid- to late-1800s. Classic, well-kept homes
in these areas range from stately Queen Anne
Victorians to Tudors to American Foursquares. A few smaller homes
start in the mid-$200,000s, but $325,000 and higher seems
closer to the average as most of these houses are fairly large
(3,500 square feet is not unusual). Exterior
renovations to residences in the historic sections must meet certain
city-issued guidelines, and homes here are often featured on the
Holland Historic Home Tour.
This is an interactive
map. Click on the arrows in the upper left hand corner to
move the map to the East, West, North or South, and click on the
+/- signs to zoom in and out. Property
taxes are assessed at 50% of a home's value multiplied by the millage rate of 25 to 28 per $1,000. The annual taxes
on a $150,000 home would be $1,916 to $2,160, depending on the
school district in which the home is located. The sales tax
rate is 6% (food and prescription drugs are exempt). State
income tax rate is 4.35% and is dropping. Social Security,
military, federal, and state/local government pensions are exempt
from taxation. Holland,
Michigan, Continued....
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Great Retirement Spots Newsletter is
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Developments in Michigan Retirement Communities Age
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