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Negaunee

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

Median Home$218,020
Median Rent$958/month
Population14,487
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing8% finance & insurance
Home Value Growth⬆⬆⬆+21.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Negaunee
MI

Frequently Asked Questions

What are today's mortgage rates in Negaunee?

As of today, the 30-year fixed mortgage rate for Negaunee is approximately 7.045% (7.086% 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 Negaunee?

The median home value in Negaunee is $218k. The median monthly rent is $958. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Negaunee?

Home values in Negaunee have increased 21.8% 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 Negaunee?

Based on a typical all-in ownership cost of $921/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Negaunee is $74k/year.

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What industries drive the economy in Negaunee?

The largest employment sectors in Negaunee are public administration (25%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.