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Foreclosure Homes in Munising, MI

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Munising, MI Foreclosures

How much do homes sell for in Munising, MI?
The average home price is currently $204,399.
In Munising, MI, how many homes are available?
There are currently 2 active home listings available in Munising.
What’s the average rental cost in Munising, MI?
The average rental price in Munising is $1,265.
What is the most expensive home in Munising?
The most expensive home sold in Munising had a price of $2,296,000.
What is currently the cheapest priced home in Munising, MI?
The cheapest home for sale in Munising is priced at $21,073.

Living in Munising, MI

Munising, MI, is a charming small town located on the southern shore of Lake Superior, known for its breathtaking natural landscapes and outdoor activities. The area boasts access to Pictured Rocks National Lakeshore, offering a wide range of recreational options from hiking to water sports. The friendly community, low cost of living, and ample amenities contribute to Munising's appeal as a great place to live.

Current Market Conditions in Munising, MI

The real estate market in Munising has been stable, with a consistent supply of housing options to meet the needs of buyers in the region. As a popular tourist destination, the demand for vacation rentals has also played a role in maintaining property values and attracting investment.

In the past year, there has been a notable interest in homes along the waterfront, with buyers gravitating towards properties that offer serene views and access to outdoor activities. The market is expected to continue its upward trend as more people seek locations with natural beauty and a community atmosphere.

Home Value Estimator For Munising, MI

There are currently 1,595 real estate properties in Munising, MI, with a median automated valuation model (AVM) price of $174,411.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Munising, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Munising, MI, is $204,399.00, with the most expensive house in Munising, MI, topping out at $2,296,000.00 and the cheapest home in Munising, MI, clocking in at $21,073.00. In other words, there’s something for every potential homebuyer or savvy investor in Munising, MI!

Rent Prices In Munising, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Munising, MI, is on a rollercoaster ride. The average rent price in Munising, MI, is $1,265.00. Indeed, when looking to rent in Munising, MI, you can expect to pay as little as $710.00 or as much as $2,680.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Munising, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Munising, MI Foreclosures


Market Trend for Munising, MI

Total Listings Available: 2

Market Values:

Home Prices from $21,073 to $2,296,000

Average Sales Price: $204,399

Rental Values:

Rental from $710 to $2,680

Average Rent Value: $1,265 / month

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