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Luna Pier

Learn about the people, housing, costs and businesses in Luna Pier, Michigan

Median Home$203,600
Median Rent$438/month
Population1,201
Leading IndustriesWholesale Trade · Healthcare · Arts, Food & Hospitality11% wholesale trade
Home Value Growth⬆⬆⬆+25.3% over 2 years
Retirees30% of residentswell above average
Homeowners87% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Luna Pier
MI

Frequently Asked Questions

What are today's mortgage rates in Luna Pier?

As of today, the 30-year fixed mortgage rate for Luna Pier is approximately 6.896% (6.932% 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 Luna Pier?

The median home value in Luna Pier is $204k. The median monthly rent is $438. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Luna Pier?

Home values in Luna Pier have increased 25.3% 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 Luna Pier?

Based on a typical all-in ownership cost of $897/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Luna Pier is $74k/year.

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What industries drive the economy in Luna Pier?

The largest employment sectors in Luna Pier are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.