Menominee, MI Foreclosures
How much do homes sell for in Menominee, MI?
The average home price is currently $194,342.
In Menominee, MI, how many homes are available?
There are currently 2 active home listings available in Menominee.
What’s the average rental cost in Menominee, MI?
The average rental price in Menominee is $1,403.
What is the most expensive home in Menominee?
The most expensive home sold in Menominee had a price of $1,649,400.
What is currently the cheapest priced home in Menominee, MI?
The cheapest home for sale in Menominee is priced at $12,376.
Living in Menominee, MI
Menominee, MI, is a picturesque city with a welcoming community atmosphere and a range of outdoor activities. Nestled along the shores of Lake Michigan, it provides easy access to beautiful parks, recreational opportunities, and local amenities. Ideal for families and outdoor enthusiasts alike, Menominee offers a charming lifestyle with rich cultural experiences.
Current Market Conditions in Menominee, MI
Menominee's real estate market is currently experiencing stability, with a slight increase in home sales compared to the previous year. The area is appealing to buyers looking for affordable housing options, especially with its scenic waterfront and community-oriented lifestyle. As demand grows, properties are moving quicker, often receiving multiple offers, especially those close to the lake.
There is a notable trend of younger families and retirees relocating to Menominee, attracted by the affordability of homes and quality of life. As a result, the market is leaning towards a seller's market, where listings often see competitive bidding. The growth of remote work has further fueled interest in the area.
Home Value Estimator For Menominee, MI
There are currently 5,184 real estate properties
in Menominee, MI,
with a median automated valuation model (AVM) price
of $167,034.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Menominee, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Menominee, MI,
is $194,342.00, with the most expensive house
in Menominee, MI, topping out
at $1,649,400.00 and the cheapest home
in Menominee, MI,
clocking in at $12,376.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Menominee, MI!
Rent Prices
In Menominee, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Menominee, MI, is on
a rollercoaster ride. The
average rent price in Menominee, MI,
is $1,403.00. Indeed, when looking to rent in
Menominee, MI, you can expect to pay as little
as $800.00 or as much
as $2,500.00,
with the average rent median estimated to
be $1,380.00. The good news is that finding
an affordable and desirable property to rent in Menominee, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
