There are currently 658 real estate properties in Luna Pier, MI, with a median automated valuation model (AVM) price of $157,053.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luna Pier, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Luna Pier, MI, is $179,973.00, with the most expensive house in Luna Pier, MI, topping out at $1,300,000.00 and the cheapest home in Luna Pier, MI, clocking in at $13,582.00. In other words, there’s something for every potential homebuyer or savvy investor in Luna Pier, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luna Pier, MI, is on a rollercoaster ride. The average rent price in Luna Pier, MI, is $1,227.00. Indeed, when looking to rent in Luna Pier, MI, you can expect to pay as little as $660.00 or as much as $2,510.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Luna Pier, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Luna Pier is located in Monroe, Michigan, with an estimated municipal population of 1,396 residents. All of the best foreclosed homes for sale in Luna Pier are located in the following zip code areas on Foreclosure.com: 48157 48133. The estimated population per square kilometer (.62 miles) in Luna Pier is 361.
So, about how much do homes cost in Luna Pier? The most recent median value of resident-owned homes in Luna Pier is 135,976. An estimated 72.1 percent of households in Luna Pier own their homes, with an average family size of 2.83. The median household income in Luna Pier is 41,250, with14.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Luna Pier, the median commute time of resident workers (in minutes) is 27.6. And last, but certainly not least, are you looking for homes to rent in Luna Pier? If so, the average rent price paid by renters in Luna Pier is 383, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Luna Pier, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Luna Pier is 48.2, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Luna Pier is 43.8, with an average family size of 2.83.
The percentage of residents who report their race in Luna Pier is as follows:
| White | 96.4% |
| Black / African American | 0% |
| Asian | 0.2% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0.2% |
| Multi-racial | 2.5% |
| Other | 0.7% |
Looking for family-friendly neighborhoods in and/or near Luna Pier? Or maybe you are searching for 55+ active adult communities in and/or near Luna Pier?
The percentage of residents who report their age in Luna Pier is as follows:
| Under 10 | 9.9% |
| Aged 10-19 | 12.9% |
| 20s | 10.8% |
| 30s | 7% |
| 40s | 10.9% |
| 50s | 13.1% |
| 60s | 26.3% |
| 70s | 5% |
| 80+ | 4% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Luna Pier with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Luna Pier.
How do you know that living in -- or moving to -- Luna Pier is right where you need to be? Perhaps you grew up in Luna Pier or already live nearby; therefore, the decision to buy a home in Luna Pier is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Luna Pier for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Luna Pier:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Luna Pier.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Luna Pier can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Luna Pier, meanwhile, can field multiple offers from more qualified buyers.
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