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Affordable Housing in Munising, MI

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Munising, MI Foreclosures

Current Market Conditions in in Munising, MI As of February 2026?
Over the past month, Munising's real estate market has experienced a slight uptick in home sales, mainly due to the onset of the fall tourism season. Many buyers are looking for properties that can work as vacation rentals, capitalizing on the continued interest in outdoor and nature-focused getaways. As a result, some listings have seen price adjustments, reflecting the competitive nature of the market as potential buyers make their moves before winter.
How much do homes sell for in Munising, MI?
The average home price is currently $205,220.
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 $2,317,094.
What is currently the cheapest priced home in Munising, MI?
The cheapest home for sale in Munising is priced at $20,805.

Living in Munising, MI

Munising, MI is a charming small town nestled on the shores of Lake Superior, surrounded by breathtaking natural landscapes. Known for its vibrant outdoor activities like hiking in Pictured Rocks National Lakeshore and winter sports, Munising also boasts a close-knit community with local shops and friendly faces. It’s an ideal place for those seeking adventure and a slower pace of life.

Buyer vs Seller Market in Munising, MI

The real estate market in Munising has shown signs of stability over the past year, with an increase in demand for vacation homes and year-round residences. Properties near the lakeshore are particularly sought after, contributing to modest price increases in recent months.

Investors and homebuyers are drawn to Munising, not only for its natural splendor but also for its affordability compared to other waterfront communities. This trend has encouraged renovations and the development of rental properties to cater to tourists.

Home Value Estimator For Munising, MI

There are currently 1,827 real estate properties in Munising, MI, with a median automated valuation model (AVM) price of $174,617.00. 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 $205,220.00, with the most expensive house in Munising, MI, topping out at $2,317,094.00 and the cheapest home in Munising, MI, clocking in at $20,805.00. 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 Affordable Housing


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