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  4. /Luna Pier, MI - 48157

Luna Pier, MI—48157

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$197,000
13.5% YoY Growth
Household Income
$51,800
8.5% YoY Growth
Days on Market
25
62.0% Shorter YoY
Home Price Forecast
2.7%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Luna Pier, MI

As of May '26, the median home price in Luna Pier, MI is $197,000, with a year-over-year change of 13.5%. This indicates that home prices in Luna Pier, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$197,00013.5%
Single Family $200,00011.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$187,00014.7%
    3 Bed
    		$224,00010.3%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    16.2%
    2 Bedrooms
    28.7%
    3 Bedrooms
    43.9%
    4 Bedrooms
    8.1%
    5+ Bedrooms
    3.1%

    Rental Trends — Luna Pier, MI

    Luna Pier, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    55.2%
    2 Bedrooms
    20.0%
    3 Bedrooms
    24.0%
    4 Bedrooms
    0.8%

    Property Listings — Luna Pier, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Luna Pier, MI is 25. This is a decrease of -62.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$290,000-16.0%
    Listing Count
    		5-22.0%
    Listings as % of Homes0.6%-22.0%
    Days on Market
    		25-62.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$990
    2 BedroomN/AN/A$1,290
    3 BedroomN/AN/A$1,610
    4 BedroomN/AN/A$2,060

    Affordability — Luna Pier, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$197,000
    Median Household Income$51,800

    Luna Pier, MI — ZIP Code Boundary Map

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    Frequently Asked Questions