Housing in Munro

A typical Munro home is worth roughly $302,000

Typical home value

$302K

MI $266K

Estimate

2-bedroom rent

$1,150

a month, utilities in · HUD

Median tax bill

$1,850

MI $2,904

What kind of housing town is Munro?

Read from the numbers below. The page puts what stands out first.

A second-home town51% of homes are seasonal or vacation homes.A town of owners92% of households own their home.

★ What stands out · The homes

92% of Munro households own their home

Half of Munro’s homes were built before 1977.

Owners and renters

Own 92%Rent 8%

Michigan: 73% own.

1977

typical home built · MI 1972

$1,850

median property tax bill · MI $2,904

0.61%

of a home’s value, a year in tax · MI 1.25%

51%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

A typical home costs 4.5 years of income

More than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$268,000

Typical Munro home $302K

That’s $34K short of a typical Munro home.

The typical home, each month

$1,740

Loan $1,500Tax $150Insurance $90

A two-bedroom rents for about $1,150 a month here, $590 less than owning.

Where your budget reaches nearby

Burt$213K McKinley$117K Inverness$199K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Munro’s typical property tax (0.61% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,150

Fair Market Rent a month, utilities included

Studio$810

1 bedroom$880

2 bedrooms$1,150

3 bedrooms$1,380

4 bedrooms$1,530

of households rent · MI 27%

renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cheboygan County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Munro vs. its neighbors

Munro is the priciest of 4 neighboring towns. Tap one to see its housing page.

Munro$302K Burt$213K Inverness$199K McKinley$117K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Munro	$302K*	—	$1,150	$66,452
Burt	$213K	+4.4%	$1,110	$77,188
Hebron	—	+4.8%†	$1,130	$72,500
McKinley	$117K*	—	$1,190	$54,417
Inverness	$199K*	+4.8%†	$1,080	$56,141

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 Munro buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Munro still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.