Manistee, MI 49660 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Manistee, MI—49660

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$246,000

2.4% YoY Growth

Household Income

$62,200

28.1% YoY Growth

Days on Market

80

23.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$950

5.0% YoY Growth

1-Bed Rent

$845

16.3% YoY Growth

2-Bed Rent

$950

0.0% YoY Growth

3-Bed Rent

$1,000

7.3% YoY Growth

Home Price Trends — Manistee, MI

Manistee, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$246,000	2.4%
Single Family	$239,000	3.0%
Condos	$361,000	6.2%

Cost per Home Size

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

Rental Trends — Manistee, MI

As of July '25, Rentcast reports the average rent in Manistee, MI is $1,020, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Manistee, MI is studios: $900, 1-bedrooms: $872, 2-bedrooms: $1,080, 3-bedrooms: $1,180. The most common rental property sizes in Manistee, MI are 2-bedroom and 1-bedroom, accounting for 53.1% and 29.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,020
Studio Rent	$900	$900
1 Bed Rent	$845	$872
2 Bed Rent	$950	$1,080
3 Bed Rent	$1,000	$1,180
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.7%

1 Bedroom

29.9%

2 Bedrooms

53.1%

3 Bedrooms

9.4%

4 Bedrooms

5.3%

5+ Bedrooms

0.6%

Property Listings — Manistee, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Manistee, MI is 64. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$335,000	14.0%
Listing Count	67	5.0%
Listings as % of Homes	0.7%	5.0%
Days on Market	80	23.0%

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Demographics — Manistee, MI

As of the latest ACS Survey released in 2023, Manistee, MI has a population of 14,500, which has increased by 1.2% over the past 5 years. Manistee, MI is a moderately popular place for families, as children make up 15.9% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,500	1.2%
% Under 18	15.9%	-8.1%
% Seniors	27.1%	18.3%
% WFH	9.7%	185.3%
% w/ College Degree	24.4%	19.0%

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As of the latest ACS Survey released in 2023, Manistee, MI is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Manistee, MI is black, making up 5.5% of the population. Foreign-born residents account for 2.7% of the population in Manistee, MI, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	84.1%	-2.7%
% Black	5.5%	44.7%
% Hispanic	4.4%	37.5%
% Asian	0.7%	0.0%
% Foreign Born	2.7%	50.0%

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Mortgage and Risk — Manistee, MI

According to HUD data as of 2023, there were 215 mortgage originations in Manistee, MI, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Manistee, MI. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	215
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	4.0%
% Second Loans	13.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Manistee, MI

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

Section 8 Market Size

Total Units under HUD	261
Total Units Section 8	214
% Rentals under Section 8	N/A
% Occupied Section 8	92.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$105	$845	$740
2 Bedroom	$20	$950	$970
3 Bedroom	$220	$1,000	$1,220
4 Bedroom	N/A	N/A	$1,290

Manistee, MI—49660

Key Metrics at a Glance

Home Price Trends — Manistee, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manistee, MI

% of Rental Stock

Property Listings — Manistee, MI

Demographics — Manistee, MI

Race and Ethnicity

Mortgage and Risk — Manistee, MI

Mortgages

Rentals and Section 8 — Manistee, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Manistee, MI

Home Price to Income Ratio

Manistee, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Free Soil, MI

Fountain, MI

Arcadia, MI

Scottville, MI

Wellston, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$246,000
Median Household Income	$62,200

Manistee, MI—49660

Key Metrics at a Glance

Home Price Trends — Manistee, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manistee, MI

% of Rental Stock

Property Listings — Manistee, MI

Demographics — Manistee, MI

Race and Ethnicity

Mortgage and Risk — Manistee, MI

Mortgages

Rentals and Section 8 — Manistee, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Manistee, MI

Home Price to Income Ratio

Manistee, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Free Soil, MI

Fountain, MI

Arcadia, MI

Scottville, MI

Wellston, MI

Frequently Asked Questions

What is the average home price in Manistee, MI 49660?

How have home prices in Manistee, MI 49660 changed over the past year?

What is the home price projection for Manistee, MI 49660?

What are the demographics of Manistee, MI 49660?

How long does it take homes to sell in Manistee, MI 49660?

What is the average rent price in Manistee, MI 49660?