The Most Affordable Neighborhoods in Luna Pier, MI by Home Value

 

Luna Pier, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Luna Pier area can be challenging. Home prices in Luna Pier are now at a median cost of $165,078, lower than the Michigan average of $196,062.

The average cost of rent is $429/mo in Luna Pier, primarily driven by the current value of real estate in the Luna Pier area. While nearly 53.33% of residents own their homes outright in Luna Pier, 19.42% rent.

Housing affordability isn’t just about home prices, though. The average household income in Luna Pier is $3,651 per month. Households that rent pay about 11.74% of their income on rent here. Luna Pier's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.


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