49863 — Menominee County, Michigan Market Snapshot
Housing market data for zip code 49863 in Menominee County, Michigan. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 3 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Menominee County county page for broader data.
Market Sales Data
3 sales in 2025
Median Sale Price
$12,400
Days to Sell
335
Homes Sold
3
Inventory
N/A
Conforming Loan Available
Most homebuyers in 49863 can comfortably use conventional financing. The median home price of $12,400 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 335 days on average, 49863 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
Most homebuyers in 49863 can comfortably use conventional financing. The median home price of $12,400 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 49863 are set at the county level.
2026 Loan Limits — Menominee County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 49863
To purchase the median home at $12,400 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $245.
Monthly Payment
$245
Income Required
$10,500
Principal & Interest
$76/mo
Down Payment (5%)
$620
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 49863.
Estimated Monthly Payment
$227
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