Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Munising area can be challenging. Home prices in Munising are now at a median cost of $131,379, lower than the Michigan average of $196,062.
The average cost of rent is $650/mo in Munising, primarily driven by the current value of real estate in the Munising area. While nearly 50.59% of residents own their homes outright in Munising, 25.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Munising is $3,729 per month. Households that rent pay about 17.42% of their income on rent here. Munising's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Wetmore, MI: higher priced homes
- Van Meer, MI: equally priced homes
- Au Train, MI: higher priced homes
- Dixon, MI: higher priced homes
- Shingleton, MI: equally priced homes
- Melstrand, MI: higher priced homes
- Slapneck, MI: higher priced homes
- Chatham, MI: higher priced homes
- Eben Junction, MI: higher priced homes
- Limestone, MI: higher priced homes
Cities with Similar Populations
- Birchwood, TN: higher priced homes
- Anna, OH: higher priced homes
- Narrows, VA: less expensive homes
- Oakbrook Terrace, IL: higher priced homes
- Liberty Center, OH: higher priced homes
- Carmel-By-The-Sea, CA: higher priced homes
- Baldwinville, MA: higher priced homes
- Shelburne Falls, MA: higher priced homes
- Seale, AL: equally priced homes
- Sagamore Beach, MA: higher priced homes
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