Munising, MI is a small town located in the Upper Peninsula of Michigan. The housing median value in Munising is $158,800, which is considerably lower than the US house median value of $338,100. Despite having a lower median value, the 1 year house appreciation rate in Munising is 12.90%, which is higher than the US 1 year house appreciation rate of 8.27%. This suggests that Munising is a great place to invest in real estate. With such an attractive appreciation rate and affordable housing prices, it鈥檚 no surprise that people are flocking to this beautiful town.
The median home cost in Munising (zip 49862) is $158,800. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Munising (zip 49862) is up 23.1%.
Average Age of Homes
- The median age of Munising (zip 49862) real estate is 46 years old
The Rental Market in Munising (zip 49862)
- Renters make up 13.5% of the Munising (zip 49862) population
- 0.7% of houses and apartments in Munising (zip 49862), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.