How much do homeowners pay a month in Luna Pier, MI?
Homeowners with a mortgage in Luna Pier, MI pay a median of $1,344 (±$155) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $549 (±$50).
50.4% of owned homes carry a mortgage.
In Luna Pier, the median monthly cost with a mortgage went from $1,111 in 2015–2019 to $1,344 in 2020–2024 (+21.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,344 (±$155)
- Without a mortgage
- $549 (±$50)
- Owned with a mortgage
- 50.4%
Monthly owner costs in Luna Pier
| Luna Pier | Monroe County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,344 (±$155) | $1,586 (±$27) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $549 (±$50) | $602 (±$19) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 50.4% (±10.3 points) | 60.5% (±1.4 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,038 (±$399) | $2,648 (±$51) | $2,904 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Luna Pier, the median cost with a mortgage is lower than in Monroe County ($1,586).
It is also lower than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Monroe County, Luna Pier ranks 17 of 18 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 847 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Luna Pier have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,111 (±$165) | $1,344 (±$155) | +21.0% | No measurable change after inflation |
| Median real estate taxes | $1,867 (±$197) | $2,038 (±$399) | +9.2% | No measurable change after inflation |
| Median home value | $136,000 (±$19,064) | $188,800 (±$29,818) | +38.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Luna Pier
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Luna Pier | — | $1,344 (±$155) | — |
| Erie Township | 2.8 mi | $1,437 (±$109) | Not measurably different |
| La Salle Township | 4.2 mi | $1,571 (±$154) | Higher |
| Monroe Charter Township | 6.3 mi | $1,453 (±$77) | Not measurably different |
| South Monroe | 6.3 mi | $1,459 (±$107) | Not measurably different |
| Temperance | 7.1 mi | $1,597 (±$187) | Higher |
| Harbor View | 7.6 mi | $1,141 (±$103) | Lower |
| West Monroe | 7.7 mi | $1,245 (±$117) | Not measurably different |
| Washington Township (Lucas County) | 8.0 mi | $1,315 (±$82) | Not measurably different |
Nearby places with a measurably lower figure: Harbor View, OH ($1,141).
Nearby places with a measurably higher figure: La Salle Township, MI ($1,571), Temperance, MI ($1,597).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Monroe County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 11 | La Salle Township | $1,571 (±$154) |
| 12 | Frenchtown Township | $1,564 (±$73) |
| 13 | Ash Township | $1,498 (±$198) |
| 14 | Monroe Charter Township | $1,453 (±$77) |
| 15 | Erie Township | $1,437 (±$109) |
| 16 | Petersburg | $1,368 (±$83) |
| 17 (tie) | Luna Pier | $1,344 (±$155) |
| 17 (tie) | Monroe | $1,344 (±$80) |
Showing 8 of 18 places in Monroe County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Luna Pier
What is the average mortgage payment in Luna Pier?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Luna Pier, MI is $1,344 (±$155) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Luna Pier?
Owners without a mortgage in Luna Pier pay a median of $549 (±$50) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Luna Pier gone up?
In Luna Pier, the median monthly cost with a mortgage went from $1,111 in 2015–2019 to $1,344 in 2020–2024 (+21.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Luna Pier city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Luna Pier city, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Luna Pier city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Luna Pier city, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Luna Pier city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Luna Pier city, Michigan (place:49700, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Luna Pier at a glance
- Renters and owners in Luna Pier
- Income and affordability in Luna Pier
- Home values in Luna Pier
- Property taxes in Luna Pier
- Types of homes in Luna Pier
- Bedrooms in Luna Pier
- Age of homes in Luna Pier
- Heating fuel in Luna Pier
- Commute and cars in Luna Pier
- Population growth in Luna Pier
- How long people stay in Luna Pier
- Michigan landlord and tenant rules
- Housing across Monroe County
- Housing data for every place in Michigan