Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$184,675+5.3% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$40,034About 0.7× the local median income ($58,100): affordable for a typical household
Days on market57 daysAbout the same pace as a year ago
The typical home in Menominee County, MI is worth $184,675, up 5.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $146,539, so the area is 26.0% overvalued. It is a buyer's market: homes take about 57 days to sell, listings are up 45% from a year ago, 22% of listings have had a price cut. A household needs about $40,034 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,100. In the latest IRS figures, 56 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$184,675
Change in 1 year
+5.3%
Overvalued %
+26.0%
Show 6 more
Fair home value
$146,539
Change in 5 years
+20.3%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,001
Income needed to afford it
$40,034
Property tax rate
1.01%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+45.3%
Days on market
57
Listings with a price cut
21.9%
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Homes for sale
93
Pending sales per 100 listings
16
Asking price per sq ft
$156
People and jobs
Median household income
$58,100
Population change (1 year)
−0.8%
Unemployment rate
4.2%
Show 4 more
Population
22,941
Income adjusted for cost of living
$65,281
Net moves in (IRS)
+56
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
44.4
Flood risk score
44.8
Show 3 more
Wildfire risk score
33.3
Walkability (1 to 20)
6.2
Road, rail and air noise
52 dB
Questions people ask
Is Menominee County, MI overvalued?
Home prices in Menominee County, MI are well above what local incomes have historically supported: fair value is about $146,539, so the area is 26.0% overvalued.
Is Menominee County, MI a buyer's or seller's market?
Menominee County, MI is a buyer's market: homes take about 57 days to sell, listings are up 45% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Menominee County, MI?
Home values in Menominee County, MI are up 5.3% over the last year.
How much do you need to earn to buy a home in Menominee County, MI?
A household needs about $40,034 a year to afford the typical home in Menominee County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,100.