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Corunna

Learn about the people, housing, costs and businesses in Corunna, Michigan

Median Home$162,918
Median Rent$888/month
Population3,074
Leading IndustriesTransportation · Construction · Agriculture & Mining4% transportation
Home Value Growth⬆⬆+12.2% over 2 years
Retirees25% of residentsabove average nationally
Homeowners63% of occupied units
NotableTransit89/100 · excellent transit access
NotableAmenity Score74/100 · highly walkable area
Corunna
MI

Frequently Asked Questions

What are today's mortgage rates in Corunna?

As of today, the 30-year fixed mortgage rate for Corunna is approximately 6.971% (7.013% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Corunna?

The median home value in Corunna is $163k. The median monthly rent is $888. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Corunna?

Home values in Corunna have increased 12.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Corunna?

Based on a typical all-in ownership cost of $945/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Corunna is $55k/year.

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What industries drive the economy in Corunna?

The largest employment sectors in Corunna are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.