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Munising

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

Median Home$158,168
Median Rent$713/month
Population9,077
Leading IndustriesManufacturing · Agriculture & Mining · Education4% manufacturing
Home Value Growth+8.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$158k median home · lower cost than 80% of the country
NotableVeteran Community8% of residents · top 27% nationally
Munising
MI

Frequently Asked Questions

What are today's mortgage rates in Munising?

As of today, the 30-year fixed mortgage rate for Munising is approximately 7.021% (7.061% 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 Munising?

The median home value in Munising is $158k. The median monthly rent is $713. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Munising?

Home values in Munising have increased 8.4% over the past two years. This represents moderate growth. 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 Munising?

Based on a typical all-in ownership cost of $740/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Munising is $60k/year.

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What industries drive the economy in Munising?

The largest employment sectors in Munising are public administration (24%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.