Menominee, MI Real Estate
According to census data in the year 2000 there were 4,414 housing units in Menominee.
This represents a 1.8% growth from 4,334 in 1990.
Of those housing units, 4,319 were located in either urbanized areas or urban clusters, and 95 were located in what is classified as a rural area.
Homeownership rate in Menominee is about 69.7%.
Menominee's vacancy rate, including seasonal lodging, is about 7.6%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Menominee were built after 1947.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 16.20% |
| Two Bedrooms | 29.40% |
| Three Bedrooms | 38.80% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $56,300 |
| Median Price asked for vacant units | $60,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $291 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 8% |
| Simple Mortgage | 42.60% |
| Debt Free | 45.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
