Foreclosures in Munising, MI

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3 View this home at Pine St Munising MI 49862
$162,756 EMV

2 Bed | 1.5 Bath | 1,574 Sq. Ft.

View this home at Carmody Rd Munising MI 49862
View this home at State Highway 28 Munising MI 49862
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Home Value Estimator For Munising, MI

There are currently 29 real estate properties in Munising, MI, with a median automated valuation model (AVM) price of $299,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Munising, 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 Munising, MI, is $379,614.00, with the most expensive house in Munising, MI, topping out at $1,750,000.00 and the cheapest home in Munising, MI, clocking in at $90,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Munising, MI!

Rent Prices In Munising, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Munising, MI, is on a rollercoaster ride. The average rent price in Munising, MI, is $1,423.00. Indeed, when looking to rent in Munising, MI, you can expect to pay as little as $1,040.00 or as much as $2,110.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Munising, 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.

Foreclosure Homes in Munising, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Munising, MI area at Get information on foreclosure homes for rent, how to buy foreclosures in Munising, MI and much more. Save thousands at closing with home foreclosure listings in Munising, MI — up to 75% off market value!

Top Reasons To Live In Munising, MI In 2023

Munising is located in Alger, Michigan, with an estimated municipal population of 2,203 residents. All of the best foreclosed homes for sale in Munising are located in the following zip code areas on 49862. The estimated population per square kilometer (.62 miles) in Munising is 161.

Cost Of Living In Munising, MI

So, about how much do homes cost in Munising? The most recent median value of resident-owned homes in Munising is 100,755. An estimated 65.5 percent of households in Munising own their homes, with an average family size of 3.9. The median household income in Munising is 36,250, with7.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Munising, the median commute time of resident workers (in minutes) is 19. And last, but certainly not least, are you looking for homes to rent in Munising? If so, the average rent price paid by renters in Munising is 612, according to recent statistics.

Diversity And Demographics In Munising, Michigan

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 Munising, 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 Munising is 45.7, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Munising is 37.4, with an average family size of 3.9.

The percentage of residents who report their race in Munising is as follows:

White 90.7%
Black / African American 0.6%
Asian 0%
American Indian / Alaskan Native 3.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.1%
Other 0%

Looking for family-friendly neighborhoods in and/or near Munising? Or maybe you are searching for 55+ active adult communities in and/or near Munising?

The percentage of residents who report their age in Munising is as follows:

Under 10 14%
Aged 10-19 10.6%
20s 6.8%
30s 11.4%
40s 12%
50s 16.3%
60s 13.1%
70s 9.7%
80+ 6%

Best Schools In Munising, Michigan

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 Munising with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Munising.

Pros And Cons Of Living In Munising, Michigan

How do you know that living in -- or moving to -- Munising is right where you need to be? Perhaps you grew up in Munising or already live nearby; therefore, the decision to buy a home in Munising is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Munising 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 Munising:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Munising.

Reasons To Move To Munising, Michigan, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Munising can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Munising, meanwhile, can field multiple offers from more qualified buyers.

Munising, MI Foreclosures


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