The typical owner-occupied home in Nunica is worth about $327,100, 41% above the Michigan median of $231,600 and about the same as the national median of $332,700. Owners pay a median $2,222 a year in property taxes, about 0.68% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $60,515 a year, so the median home costs 5.4 times the median income (3.2 times for Michigan). 100% of occupied homes here are lived in by their owners, and 89% of those owners still have a mortgage.
Nunica at a glance
| Nunica | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $327,100 | $231,600 | $332,700 |
| Median property tax paid per year | $2,222 | $2,904 | $3,119 |
| Property tax as a share of value | 0.68% | 1.25% | 0.94% |
| Median household income | $60,515 | $72,875 | $80,734 |
| Homes lived in by their owners | 100% | 73% | 65% |
| Owner homes with a mortgage | 89% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,159 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 14.8% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1973 | 1972 | 1980 |
| Vacant homes | 0.0% | 11.8% | 10.1% |
| Population | 295 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Nunica
At this week's average 30-year rate of 7.11%, buying the median Nunica home of $327,100 with 20% down costs about $2,082 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,627, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $89,228 for the 20%-down payment. That payment is 41% of the median Nunica household income of $60,515; at that income and 20% down, the 28% guideline points to a home of about $222,000.
| Down payment | $65,420 |
|---|---|
| Loan amount | $261,680 |
| Principal and interest | $1,760 |
| Property taxes (0.68% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $136 |
| PMI | $0 |
| Total per month | $2,082 |
Change the numbers in the calculator
| Down payment | $11,448 |
|---|---|
| Loan amount | $321,175 |
| Principal and interest | $2,161 |
| Property taxes (0.68% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $136 |
| FHA mortgage insurance | $145 |
| Total per month | $2,627 |
Change the numbers in the calculator
Questions about home buying in Nunica
What is the median home value in Nunica?
About $327,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nunica?
Homeowners pay a median $2,222 a year, which is about 0.68% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Nunica?
For the median home with 20% down at 7.11%, the payment is about $2,082 a month. Keeping that under 28% of gross income takes about $89,228 a year.
More about Nunica
- Mortgage Refinance in Nunica
- Debt Relief in Nunica
- Home Equity Loans in Nunica
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data