Menominee, MI—49893
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 $216,000, with a year-over-year change of 3.3%. This indicates that home prices in Menominee, MI are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $216,000 | 3.3% |
| Single Family | $216,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 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 $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 |
% 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 66. This is a decrease of -19.0% 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 | $289,000 | -30.0% |
Listing Count | 8 | 24.0% |
| Listings as % of Homes | 1.0% | 24.0% |
Days on Market | 66 | -19.0% |
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% |
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% |
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 |
Loan Activity
No data available
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 |
Affordability — Menominee, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $216,000 |
| Median Household Income | $63,400 |