Luna Pier, MI—48157
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Luna Pier, MI
As of Nov '25, the median home price in Luna Pier, MI is $183,000, with a year-over-year change of 13.2%. This indicates that home prices in Luna Pier, MI are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | 13.2% |
| Single Family | $186,000 | 13.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | 14.6% |
3 Bed | $209,000 | 12.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Luna Pier, MI
Luna Pier, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Luna Pier, MI
As of Nov '25, Realtor.com reports that the median days on market for a home in Luna Pier, MI is 44. This is a decrease of -51.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $218,000 | -9.0% |
Listing Count | 11 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 44 | -51.0% |
Demographics — Luna Pier, MI
As of the latest ACS Survey released in 2023, Luna Pier, MI has a population of 1,200, which has decreased by -2.6% over the past 5 years. Luna Pier, MI is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,200 | -2.6% |
% Under 18 | 19.9% | -3.4% |
% Seniors | 32.6% | 72.5% |
% WFH | 7.0% | 268.4% |
% w/ College Degree | 20.9% | -9.1% |
As of the latest ACS Survey released in 2023, Luna Pier, MI is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Luna Pier, MI is hispanic, making up 3.9% of the population. Foreign-born residents account for 1.7% of the population in Luna Pier, MI, and this percentage has decreased by 57.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.2% | -6.3% |
% Black | 1.2% | 300.0% |
% Hispanic | 3.9% | 69.6% |
% Asian | 1.2% | 140.0% |
% Foreign Born | 1.7% | -57.5% |
Mortgage and Risk — Luna Pier, MI
According to HUD data as of 2023, there were 52 mortgage originations in Luna Pier, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Luna Pier, MI. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Luna Pier, MI
Luna Pier, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 101 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | N/A | N/A | $1,290 |
| 3 Bedroom | N/A | N/A | $1,610 |
| 4 Bedroom | N/A | N/A | $2,060 |
Affordability — Luna Pier, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $183,000 |
| Median Household Income | $51,800 |