Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$255,238+4.3% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$55,330About 0.9× the local median income ($61,598): affordable for a typical household
Days on market48 daysAbout the same pace as a year ago
Next 12 months+2.7%Zillow expects prices to rise slightly
The typical home in Muskegon-Norton Shores, MI is worth $255,238, up 4.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $184,833, so the area is 38.1% overvalued. It is a balanced market: homes take about 48 days to sell, listings are up 14% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 2.7% over the next year. A household needs about $55,330 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,598. Typical rent is $1,288 a month, or $1,510 for a house. In the latest IRS figures, 944 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$255,238
Change in 1 year
+4.3%
Overvalued %
+38.1%
Show 7 more
Fair home value
$184,833
Change in 5 years
+28.3%
Zillow forecast, next 12 months
+2.7%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,383
Income needed to afford it
$55,330
Property tax rate
1.18%
Rent and investing
Typical rent
$1,288
Typical rent for houses
$1,510
Price-to-rent ratio
16.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,285
Gross rental yield
6.06%
Cap rate (estimate)
3.94%
Market activity
Listings vs a year ago
+13.8%
Days on market
48
Listings with a price cut
21.4%
Show 3 more
Homes for sale
512
Pending sales per 100 listings
48
Asking price per sq ft
$188
People and jobs
Median household income
$61,598
Population change (1 year)
+0.4%
Unemployment rate
6.4%
Show 4 more
Population
177,901
Income adjusted for cost of living
$66,592
Net moves in (IRS)
+944
Cost of living (US = 100)
92.5
Schools, risk and environment
School rating (1 to 10)
4.5
FEMA hazard risk score (0 to 100)
70.1
Unhealthy air days a year
3
Show 4 more
Flood risk score
77.7
Wildfire risk score
30.5
Walkability (1 to 20)
6.5
Road, rail and air noise
54 dB
Questions people ask
Is Muskegon-Norton Shores, MI overvalued?
Home prices in Muskegon-Norton Shores, MI are well above what local incomes have historically supported: fair value is about $184,833, so the area is 38.1% overvalued.
Is Muskegon-Norton Shores, MI a buyer's or seller's market?
Muskegon-Norton Shores, MI is a balanced market: homes take about 48 days to sell, listings are up 14% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Muskegon-Norton Shores, MI?
Home values in Muskegon-Norton Shores, MI are up 4.3% over the last year. Zillow's forecast for the next 12 months is +2.7%.
How much do you need to earn to buy a home in Muskegon-Norton Shores, MI?
A household needs about $55,330 a year to afford the typical home in Muskegon-Norton Shores, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,598.