The housing market in Luna Pier, MI is flourishing. The median value of a house in this area is currently $150,700, which is significantly lower than the US median value of $338,100. The 1 year appreciation rate for houses in Luna Pier was 8.47%, slightly higher than the national rate of 8.27%. This steady increase in value makes investing in a home here an attractive option for potential buyers, as they can expect to see a good return on their investment over time. Additionally, the lower median value than the rest of the country means that buyers will get more bang for their buck when purchasing a home in this area.
The median home cost in Luna Pier is $150,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Luna Pier is up 13.1%.
Average Age of Homes
- The median age of Luna Pier real estate is 42 years old
The Rental Market in Luna Pier
- Renters make up 26.8% of the Luna Pier population
- 2.4% of houses and apartments in Luna Pier, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.