House Prices

House Prices & Home Values Munising, MI 2026


Average Data

average house price$84,700
average size per house1150 ft²
average price per ft²74 $ / ft²

04/18/2026 - The value range (VR) for house prices in Munising, MI is $118/ sqft to $118/ sqft. An average home with 1150 sqft costs approximately $135,700 to $135,700. Munising, MI includes 1 ZIP codes and it is located in Alger county. The lowest prices are found in ZIP 49862, while the highest are in ZIP 49862. The average price per sqare feet is $74. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Munising

49862115 $ / ft²




Historical development of home values in Munising

Year Estimated value (USD) Change vs. 2025
2010 $39,336 -53.6%
2011 $37,815 -55.4%
2012 $37,713 -55.5%
2013 $39,123 -53.8%
2014 $41,068 -51.5%
2015 $43,176 -49.0%
2016 $45,429 -46.4%
2017 $47,881 -43.5%
2018 $50,528 -40.3%
2019 $52,871 -37.6%
2020 $55,604 -34.4%
2021 $63,244 -25.3%
2022 $73,728 -13.0%
2023 $77,750 -8.2%
2024 $82,248 -2.9%
2025 $84,700 0.0%

Graph: estimated home values in Munising over time (USD)



Example: 100% financing house in Munising

Loan amount: $84,700

Interest rate: 6.00%

Fixed monthly payment: $507.82

Breakdown in the 1st month:
Interest portion: $423.50  –  Principal portion: $84.32

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $5,053.71 $1,040.13 $83,659.87
2 $4,989.55 $1,104.28 $82,555.60
3 $4,921.44 $1,172.39 $81,383.21
4 $4,849.13 $1,244.70 $80,138.51
5 $4,772.36 $1,321.47 $78,817.04
6 $4,690.86 $1,402.97 $77,414.07
7 $4,604.33 $1,489.51 $75,924.56
8 $4,512.46 $1,581.38 $74,343.18
9 $4,414.92 $1,678.91 $72,664.27
10 $4,311.37 $1,782.46 $70,881.81
11 $4,201.43 $1,892.40 $68,989.41
12 $4,084.71 $2,009.12 $66,980.29
13 $3,960.79 $2,133.04 $64,847.25
14 $3,829.23 $2,264.60 $62,582.65
15 $3,689.56 $2,404.28 $60,178.37
16 $3,541.27 $2,552.57 $57,625.80
17 $3,383.83 $2,710.00 $54,915.80
18 $3,216.68 $2,877.15 $52,038.65
19 $3,039.23 $3,054.61 $48,984.05
20 $2,850.82 $3,243.01 $45,741.04
21 $2,650.80 $3,443.03 $42,298.01
22 $2,438.44 $3,655.39 $38,642.62
23 $2,212.99 $3,880.84 $34,761.78
24 $1,973.63 $4,120.21 $30,641.57
25 $1,719.50 $4,374.33 $26,267.24
26 $1,449.70 $4,644.13 $21,623.11
27 $1,163.26 $4,930.57 $16,692.54
28 $859.15 $5,234.68 $11,457.86
29 $536.29 $5,557.54 $5,900.32
30 $193.51 $5,900.32 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Munising, MI


1500 sqft3900 sqft
Ø selling price$134,311$285,714
Ø fast selling$122,101$257,143
Ø high price sale$146,520$314,286

In 2026, houses in Munising, MI will be offered at an average price of $74 per square foot. A 1,500 sqft home priced at $134,311 is 22.24% more expensive per square foot than a 3,900 sqft home priced at $285,714. Home prices in Munising, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $197,803. Sellers who can wait longer may achieve a higher price of up to $241,759.


Discover Munising, MI on Lake Superior

Nestled on the southern shore of Lake Superior, Munising, MI is a gateway to wild beauty in Michigan?s Upper Peninsula.
Travelers come for the dramatic cliffs, turquoise waters, and sandy coves of Pictured Rocks National Lakeshore.
Downtown Munising offers cozy lodging, local eateries, and welcoming small-town charm perfect for a weekend getaway.

Top Things to Do

Take a scenic boat tour to admire the multicolored sandstone walls and hidden sea caves from the water.
Hikers love trails to Miners Castle, Chapel Beach, and overlooks that glow at sunset.
Chasing waterfalls?including Munising Falls, Miners Falls, and Spray Falls?is a year-round favorite.
In summer you can kayak along the shore, while winter brings ice caves, snowshoeing, and serene, crowd-free vistas.

Planning Tips

The best times to visit Munising are late spring through fall for boating and hiking, and midwinter for frozen formations.
Book tours and lodging early during peak season, and check weather and lake conditions before heading out.
From sunrise photography to northern lights viewing, this lakeside town rewards every itinerary with unforgettable Upper Peninsula adventure.



FAQ – Home Values in Munising

What is the median home value in Munising in 2026?

In 2026, the typical home value in Munising is about $84,700 for an average home size of 1150 square feet. This corresponds to an average price of roughly $74 per square foot.

What is the average cost per square foot in Munising?

In 2026, homes in Munising sell for an average of around $74 per square foot, with a typical range between $118 and $118 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Munising is about 1150 square feet, with an estimated 2026 value around $84,700.



Locations close to Munising, MI

Nadeau, MI115 $ / ft²
Nahma, MI224 $ / ft²
Negaunee, MI134 $ / ft²
Michigamme, MI90 $ / ft²
Menominee, MI93 $ / ft²
Marquette, MI204 $ / ft²
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