Menominee, MI 49893 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Menominee, MI—49893

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$218,000

3.1% YoY Growth

Household Income

$63,400

20.1% YoY Growth

Days on Market

110

23.0% Longer YoY

Home Price Forecast

5.0%

Median Rent

$1,000

0.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,000

0.0% YoY Growth

Other Zip Codes in Menominee, MI

49858

Home Price Trends — Menominee, MI

As of Dec '25, the median home price in Menominee, MI is $218,000, with a year-over-year change of 3.1%. This indicates that home prices in Menominee, MI are increasing. According to Zillow, the 1-year price projection is 5.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$218,000	3.1%
Single Family	$218,000	2.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Menominee, MI

As of July '25, Rentcast reports the average rent in Menominee, MI is $1,000, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Menominee, MI is 3-bedrooms: $1,000. The most common rental property sizes in Menominee, MI are 3-bedroom and 5+ bedroom, accounting for 38.7% and 19.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,000	$1,000
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,000	$1,000
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

6.5%

1 Bedroom

9.7%

2 Bedrooms

16.1%

3 Bedrooms

38.7%

4 Bedrooms

9.7%

5+ Bedrooms

19.4%

Property Listings — Menominee, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Menominee, MI is 104. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$225,000	-21.0%
Listing Count	4	-12.0%
Listings as % of Homes	1.0%	-12.0%
Days on Market	110	23.0%

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Demographics — Menominee, MI

As of the latest ACS Survey released in 2023, Menominee, MI has a population of 1,310, which has decreased by -11.5% over the past 5 years. Menominee, MI is a less popular place for families, as children make up 10.4% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,310	-11.5%
% Under 18	10.4%	-35.8%
% Seniors	29.9%	45.1%
% WFH	8.2%	64.0%
% w/ College Degree	19.0%	14.5%

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As of the latest ACS Survey released in 2023, Menominee, MI is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Menominee, MI is hispanic, making up 4.1% of the population. Foreign-born residents account for 1.5% of the population in Menominee, MI, and this percentage has increased by 200.0% 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	92.3%	-6.2%
% Black	0.1%	0.0%
% Hispanic	4.1%	272.7%
% Asian	1.2%	300.0%
% Foreign Born	1.5%	200.0%

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Mortgage and Risk — Menominee, MI

Menominee, MI lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Menominee, MI

Menominee, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$750
2 Bedroom	N/A	N/A	$930
3 Bedroom	$310	$1,000	$1,310
4 Bedroom	N/A	N/A	$1,330

Menominee, MI—49893

Key Metrics at a Glance

Other Zip Codes in Menominee, MI

Home Price Trends — Menominee, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Menominee, MI

% of Rental Stock

Property Listings — Menominee, MI

Demographics — Menominee, MI

Race and Ethnicity

Mortgage and Risk — Menominee, MI

Mortgages

Rentals and Section 8 — Menominee, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Menominee, MI

Home Price to Income Ratio

Menominee, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Menominee, MI

Ingalls, MI

Ingalls, MI

Stephenson, MI

Marinette, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$218,000
Median Household Income	$63,400

Menominee, MI—49893

Key Metrics at a Glance

Other Zip Codes in Menominee, MI

Home Price Trends — Menominee, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Menominee, MI

% of Rental Stock

Property Listings — Menominee, MI

Demographics — Menominee, MI

Race and Ethnicity

Mortgage and Risk — Menominee, MI

Mortgages

Rentals and Section 8 — Menominee, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Menominee, MI

Home Price to Income Ratio

Menominee, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Menominee, MI

Ingalls, MI

Ingalls, MI

Stephenson, MI

Marinette, WI

Frequently Asked Questions

What is the average home price in Menominee, MI 49893?

How have home prices in Menominee, MI 49893 changed over the past year?

What is the home price projection for Menominee, MI 49893?

What are the demographics of Menominee, MI 49893?

How long does it take homes to sell in Menominee, MI 49893?

What is the average rent price in Menominee, MI 49893?