49858, Menominee, MI

The Menominee zip code of 49858 has a median home value of $101,000. This is lower than the state median home value of $177,500 and the national median home value of $177,700. The percentage of homes in this zip code that are owner-occupied is lower than both the state and national percentages. The percentage of homes in this zip code that are renter-occupied is also lower than both the state and national percentages.

There are a number of factors that may contribute to the low home values in this zip code. One potential factor is that there are fewer homes available for sale in this area compared to other areas of Michigan. Another potential factor is that many homeowners in this area may be underwater on their mortgages, which could lead to them being unwilling to sell their homes at a fair price. Finally, there may be a lack of demand for homes in this area because residents may not be able to afford to live here or they may prefer other areas closer to work or amenities.