Mancelona, MI 49659 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mancelona, MI—49659

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$189,000

0.3% YoY Growth

Household Income

$59,100

42.3% YoY Growth

Days on Market

84

2.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$700

N/A

1-Bed Rent

$700

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Mancelona, MI

Mancelona, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$189,000	0.3%
Single Family	$192,000	0.0%
Condos	$160,000	0.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Mancelona, MI

Mancelona, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$700	$700
Studio Rent	N/A	N/A
1 Bed Rent	$700	$700
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

11.4%

1 Bedroom

18.3%

2 Bedrooms

31.0%

3 Bedrooms

35.9%

4 Bedrooms

1.1%

5+ Bedrooms

2.2%

Property Listings — Mancelona, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Mancelona, MI is 60. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$230,000	9.0%
Listing Count	51	55.0%
Listings as % of Homes	0.6%	55.0%
Days on Market	84	-2.0%

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Demographics — Mancelona, MI

As of the latest ACS Survey released in 2023, Mancelona, MI has a population of 7,230, which has increased by 8.3% over the past 5 years. Mancelona, MI is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,230	8.3%
% Under 18	21.0%	-8.7%
% Seniors	21.1%	21.3%
% WFH	5.2%	23.8%
% w/ College Degree	17.7%	51.3%

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As of the latest ACS Survey released in 2023, Mancelona, MI is a predominantly white area, with 93.3% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Mancelona, MI is hispanic, making up 2.9% of the population. Foreign-born residents account for 1.2% of the population in Mancelona, MI, and this percentage has decreased by 33.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	93.3%	-2.2%
% Black	0.6%	-14.3%
% Hispanic	2.9%	262.5%
% Asian	0.3%	0.0%
% Foreign Born	1.2%	-33.3%

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Mortgage and Risk — Mancelona, MI

According to HUD data as of 2023, there were 111 mortgage originations in Mancelona, MI, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Mancelona, MI. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	111
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	0.0%
% Second Loans	13.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Mancelona, MI

Mancelona, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	12
Total Units Section 8	12
% Rentals under Section 8	N/A
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$130	$700	$830
2 Bedroom	N/A	N/A	$1,040
3 Bedroom	N/A	N/A	$1,290
4 Bedroom	N/A	N/A	$1,510

Mancelona, MI—49659

Key Metrics at a Glance

Home Price Trends — Mancelona, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mancelona, MI

% of Rental Stock

Property Listings — Mancelona, MI

Demographics — Mancelona, MI

Race and Ethnicity

Mortgage and Risk — Mancelona, MI

Mortgages

Rentals and Section 8 — Mancelona, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Mancelona, MI

Home Price to Income Ratio

Mancelona, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Kalkaska, MI

Alden, MI

Rapid City, MI

South Boardman, MI

Williamsburg, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$189,000
Median Household Income	$59,100

Mancelona, MI—49659

Key Metrics at a Glance

Home Price Trends — Mancelona, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mancelona, MI

% of Rental Stock

Property Listings — Mancelona, MI

Demographics — Mancelona, MI

Race and Ethnicity

Mortgage and Risk — Mancelona, MI

Mortgages

Rentals and Section 8 — Mancelona, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Mancelona, MI

Home Price to Income Ratio

Mancelona, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Kalkaska, MI

Alden, MI

Rapid City, MI

South Boardman, MI

Williamsburg, MI

Frequently Asked Questions

What is the average home price in Mancelona, MI 49659?

How have home prices in Mancelona, MI 49659 changed over the past year?

What is the home price projection for Mancelona, MI 49659?

What are the demographics of Mancelona, MI 49659?

How long does it take homes to sell in Mancelona, MI 49659?

What is the average rent price in Mancelona, MI 49659?