Recent developments in Muskegon, Michigan's rental market include:
Short-Term Rental Regulations:
In October 2024, the Muskegon City Commission approved an ordinance capping short-term rentals at 4% of housing in each area. This move aims to address concerns about housing shortages and neighborhood impacts.
Source: WOOD TV
Rental Price Trends:
As of January 2025, the median rent in Muskegon is $1,300, reflecting a $200 increase from January 2024. This 18% rise indicates a tightening rental market.
Source: Zillow
These changes highlight the evolving dynamics of Muskegon's rental landscape, with regulatory measures and rising rents influencing both property owners and tenants.