A typical Munising home is worth roughly $156,000
Home prices around Munising have risen about 81% over the past 5 years.
What kind of housing town is Munising?
Read from the numbers below. The page puts what stands out first.
Home prices up 81% in 5 years
The federal house price index for the ZIP code around Munising rose 81% over the past 5 years, faster than across Michigan (52%). Last year prices rose 24%. Carrying the Census median home value forward with that index puts the typical Munising home at roughly $156,000 today.
Carrying the Census median forward with the index puts a typical home at about $156K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Munising, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 2.6 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Munising home, with $61K to spare.
A two-bedroom rents for about $1,130 a month here, $130 more than owning.
How Munising ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Munising’s typical property tax (1.45% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,130
Renters already here pay a median of $706, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Alger County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
1 of Munising’s houses are on the National Register
Half of Munising’s homes were built before 1951.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
Munising vs. its neighbors
The towns that share a border with Munising. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Munising | $156K* | +23.6%† | $1,130 | $59,808 |
| Grand Island | — | +23.6%† | $1,130 | $109,375 |
| Au Train | $241K | +11.8% | $1,120 | $64,015 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Munising buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.