Real Estate Investing in Menominee, Michigan (49893)
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Should you buy in 49893 (Menominee, MI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 24.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Menominee, MI (49893)?
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Market Analysis: 49893 Menominee
ZIP 49893 in Menominee, MI carries a notable set of headwinds. Home values near $228K and rents of $873/mo sit inside a market where underwriting has to be tight.
The 49893 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 49893 and stronger Menominee ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 49893 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 49893 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Menominee:
Market Trends
Home Value History (with trend line)
📊 How Does 49893 Compare?
| Metric | 49893 | Menominee | Marinette, WI-MI | Michigan |
|---|---|---|---|---|
| Home Value | $227,526 | $204,199 | N/A | $253,279 |
| 5-Year CAGR | 7.1% | 6.7% | N/A | 6.8% |
| Avg Rent | $873 | $882 | N/A | - |
| Cap Rate | 3.0% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49893 (Menominee, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,526 |
| Monthly Rent | $873 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 49893
Population: 1,307
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
Does Menominee, MI make sense for an investment property?
The 3.0/5 investability rating in Menominee, MI reflects its $228K prices and $873/mo rents. Investors generally consider it a solid option within MI.
What do rentals go for in Menominee, MI?
Rental rates in Menominee, MI average $873/mo. Tenant demand and $228K home values make the yield look reasonable by investor standards.
Do rentals sit vacant long in Menominee, MI?
Rental vacancy in Menominee, MI is elevated. Investors should budget normal turnover but not chronic empty units.
Are tenants stable in Menominee, MI?
Working renters make up the core of the Menominee, MI tenant base. The pool is reasonable for investors targeting long-term holds.
What investment strategy works best in Menominee, MI?
Most investors in Menominee, MI run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 49893 now. You don’t know where it ranks.
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How 49893 ranks in Marinette, WI-MI
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