Market Overview
Home Prices in Menominee, MI
The median home value in Menominee, MI is $182,392 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Menominee are priced56% below average. Menominee is part of the Marinette, WI-MI metro area.
Over the past five years, Menominee home values have risen by approximately33.9%, reflecting strong long-term appreciation in this market.
Price History
Menominee Home Price Trend
City Comparison
Menominee vs. National Median
At $182,392, homes in Menominee cost 56% below the national median of $410,000. This makes Menominee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Menominee?
20% Down Payment
$36,478
on $182,392
Monthly P&I
$951/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,208/mo
incl. taxes & insurance
Income Needed
$48,320
gross annual (30% rule)
10% Down Option
$18,239
+ PMI applies
Loan Amount (20% dn)
$145,914
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Menominee, MI?
The median home value in Menominee is $182,392 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Menominee?
Over the past year, home values in Menominee have increased by 1.2%. Over five years, prices have risen approximately 33.9%.
How much do I need to earn to buy a home in Menominee?
To comfortably afford the median home price of $182,392 with a 20% down payment ($36,478) at today's rates (6.8%), you'd need a gross annual income of approximately $48,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Menominee compare to the national average home price?
The national median home value is approximately $410,000. At $182,392, homes in Menominee are 56% below the national average.
What metro area is Menominee part of?
Menominee is part of the Marinette, WI-MI metropolitan area. Home prices and market conditions can vary across the broader metro region.