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Menominee

Learn about the people, housing, costs and businesses in Menominee, Illinois

Median Home$201,500
Median Rent$884/month
Population193
Leading IndustriesConstruction · Information & Media · Agriculture & Mining6% construction
Home Value Growth⬆⬆+12.2% over 2 years
Young Adults26% of residents
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Menominee
IL

Frequently Asked Questions

What are today's mortgage rates in Menominee?

As of today, the 30-year fixed mortgage rate for Menominee is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Menominee?

The median home value in Menominee is $202k. The median monthly rent is $884. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Menominee?

Home values in Menominee have increased 12.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Menominee?

Based on a typical all-in ownership cost of $992/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Menominee is $72k/year.

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What industries drive the economy in Menominee?

The largest employment sectors in Menominee are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.