Zip 49858 (Menominee, MI) Housing

The housing market in Menominee, MI (49858) is extremely competitive and attractive. The median value of a house in this area is $130,800, which is significantly lower than the US House Median Value of $338,100. This provides a great opportunity for potential homeowners looking to purchase a home at an affordable price. In addition, the house 1 year appreciation rate in Menominee is 12.90%, which is higher than the US 1 year House Appreciation rate of 8.27%. These factors make Menominee an attractive place to buy a home right now.

The median home cost in Menominee (zip 49858) is $130,800. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Menominee (zip 49858) is up 23.1%.

Average Age of Homes

- The median age of Menominee (zip 49858) real estate is 61 years old

The Rental Market in Menominee (zip 49858)

- Renters make up 20.6% of the Menominee (zip 49858) population
- 0.6% of houses and apartments in Menominee (zip 49858), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Menominee, Michigan	United States
	6,320.0	139,647,020.0
	61	42
	$130,800	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$11.67	$10.98
	$1,540	$2,690
	62.9%	57.4%
	17.3%	11.2%
	19.9%	31.4%
Vacant Housing
	0.6%	1.9%
	0.5%	0.4%
	0.1%	0.7%
	0.4%	0.4%
	7.1%	3.6%
	8.5%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	3.0%	2.4%
	8.6%	2.8%
	18.9%	3.9%
	13.7%	4.5%
	17.9%	11.3%
	14.5%	13.0%
	11.4%	20.1%
	3.0%	13.6%
	2.9%	8.3%
	0.5%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.6%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.1%	13.6%
	6.1%	13.6%
	7.0%	13.6%
	8.9%	13.2%
	16.8%	14.8%
	7.0%	13.6%
	15.6%	10.0%
	11.3%	4.7%
	23.3%	12.2%

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