Menominee, MI—49858
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Menominee, MI
Home Price Trends — Menominee, MI
As of Oct '25, the median home price in Menominee, MI is $170,000, with a year-over-year change of 2.1%. This indicates that home prices in Menominee, MI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | 2.1% |
| Single Family | $169,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $137,000 | 0.7% |
3 Bed | $176,000 | 1.7% |
4 Bed | $196,000 | 0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Menominee, MI
As of July '25, Rentcast reports the average rent in Menominee, MI is $976, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Menominee, MI is 1-bedrooms: $878, 3-bedrooms: $1,080. The most common rental property sizes in Menominee, MI are 2-bedroom and 1-bedroom, accounting for 46.3% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $878 | $976 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $878 | $878 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,080 | $1,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Menominee, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Menominee, MI is 51. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $207,000 | -8.0% |
Listing Count | 57 | 26.0% |
| Listings as % of Homes | 0.4% | 26.0% |
Days on Market | 51 | 9.0% |
Demographics — Menominee, MI
As of the latest ACS Survey released in 2023, Menominee, MI has a population of 11,900, which has remained stable by 0.7% over the past 5 years. Menominee, MI is a moderately popular place for families, as children make up 16.2% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 0.7% |
% Under 18 | 16.2% | -11.0% |
% Seniors | 26.8% | 18.6% |
% WFH | 6.9% | 146.4% |
% w/ College Degree | 18.9% | -4.5% |
As of the latest ACS Survey released in 2023, Menominee, MI is a predominantly white area, with 94.8% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Menominee, MI is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.5% of the population in Menominee, MI, and this percentage has increased by 66.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.8% | -0.3% |
% Black | 0.4% | 33.3% |
% Hispanic | 1.6% | -23.8% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 1.5% | 66.7% |
Mortgage and Risk — Menominee, MI
According to HUD data as of 2023, there were 209 mortgage originations in Menominee, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Menominee, MI. Investor activity is low, as 9.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 209 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 9.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Menominee, MI
Menominee, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 414 |
Total Units Section 8 | 270 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$118 | $878 | $760 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | $250 | $1,080 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Menominee, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $170,000 |
| Median Household Income | $52,800 |