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Muskegon

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

Median Home$147,681
Median Rent$1,017/month
Population37,351
Leading IndustryRetail24% of local workforce
Home Value Growth⬆⬆⬆+24.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners53% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableTransit81/100 · excellent transit access
Muskegon
MI

Frequently Asked Questions

What are today's mortgage rates in Muskegon?

As of today, the 30-year fixed mortgage rate for Muskegon is approximately 6.980% (7.033% 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 Muskegon?

The median home value in Muskegon is $148k. The median monthly rent is $1,017. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Muskegon?

Home values in Muskegon have increased 24.7% 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 Muskegon?

Based on a typical all-in ownership cost of $894/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 Muskegon is $46k/year.

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What industries drive the economy in Muskegon?

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