Menominee Housing Update: Prices Steady, Rents Edge Up Ahead of Spring
Menominee, MI – March 14, 2026 – Home prices are steady near $145K while listings hover around $180K; rents average $515 as spring activity begins.
Menominee, MI is heading into the spring market with steady home values and modest rental growth.
Top takeaways
- Median sale price recently around $145K.
- Median listing price near $180K.
- Market described as balanced late last year.
- Average rent about $515, up 1.6% year over year.
Market snapshot
Recent data show closed home prices in the city at a median of about $145K as of December 2025. At the same time, homes listed for sale are centered closer to $180K, suggesting some gap between seller expectations and final sale prices.
Realtor.com characterized the area as a balanced market at the end of 2025, meaning supply and demand were roughly even. That typically points to more negotiation room than in a strong seller’s market, but without the deep discounts seen in buyer-heavy conditions.
What’s for sale
Current listings include a mix of single-family homes, small multifamily properties, and river-adjacent options. Buyers can find properties under $200K alongside higher-priced homes with larger lots or updated interiors. Inventory appears broad enough to give shoppers choices heading into the busier spring season.
Rental trends
For renters, the average monthly rent is about $515 as of February 2026, with one-bedroom units around that level and two-bedroom units higher. Rents have increased roughly 1.6% over the past year, a relatively modest pace compared with national trends. Lower average rents may continue to attract budget-conscious households weighing rent versus buy decisions.
With mortgage rates still influencing affordability statewide, local activity in the coming weeks will likely depend on how many new listings hit the market and whether buyers move quickly on well-priced homes.
Sources
What are you seeing locally so far this spring — more listings, faster sales, or price reductions?