Menominee County, Michigan Housing Market
In Menominee County, Michigan, the median home value is $151,800, with a median monthly rent of $692. This places Menominee County at #2200 nationally out of 3134 counties by median home value, and #69 within Michigan.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $986
- Establishments: 456
- BLS QCEW, 2025
Housing Supply
- Single-family: 28
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 9,960 (avg $59,832)
- Outflow: 9,476 (avg $59,763)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Menominee County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49887 | 204.6 | — | 2025 |
| 2 | 49858 | 240.4 | +6.97% | 2025 |
| 3 | 49893 | 208.4 | +4.50% | 2023 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Menominee County Compares
| Metric | Menominee County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $151,800 | $197,292 | $227,706 |
| Median Gross Rent | $692 | $905 | $968 |
| Owner Occupancy Rate | 80.7% | 80.2% | 73.3% |
| Price/Rent Ratio | 18.3 | 17.9 | 18.7 |
Market Analysis
The median home value in Menominee County is 23.1% below the Michigan state average and 33.3% below the U.S. national average. The median rent of $692/month is 23.5% below the state average.
With a price-to-rent ratio of 18.3, the buy-vs-rent decision in Menominee County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Menominee County has an owner-occupancy rate of 80.7%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lewis County | West Virginia | $151,800 | $730 |
| Montgomery County | Arkansas | $151,900 | $636 |
| Reynolds County | Missouri | $151,700 | $655 |
| Oswego County | New York | $151,700 | $967 |
| Aurora County | South Dakota | $151,900 | $747 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bay County | $152,200 | $860 | 77.0% |
| Presque Isle County | $151,300 | $683 | 88.7% |
| Saginaw County | $152,800 | $947 | 74.1% |
| Arenac County | $150,600 | $761 | 86.2% |
| Dickinson County | $153,300 | $797 | 82.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).