Manistique, MI—49854
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manistique, MI
Manistique, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | 2.7% |
| Single Family | $170,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manistique, MI
Manistique, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manistique, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Manistique, MI is 58. This is a increase of 33.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | -24.0% |
Listing Count | 27 | -20.0% |
| Listings as % of Homes | 0.5% | -20.0% |
Days on Market | 58 | 33.0% |
Demographics — Manistique, MI
As of the latest ACS Survey released in 2023, Manistique, MI has a population of 6,150, which has remained stable by -0.7% over the past 5 years. Manistique, MI is a moderately popular place for families, as children make up 16.1% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,150 | -0.7% |
% Under 18 | 16.1% | -9.6% |
% Seniors | 29.6% | 15.2% |
% WFH | 3.5% | 75.0% |
% w/ College Degree | 21.3% | 30.7% |
As of the latest ACS Survey released in 2023, Manistique, MI is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Manistique, MI is hispanic, making up 1.1% of the population. Foreign-born residents account for 1.2% of the population in Manistique, MI, and this percentage has increased by 33.3% 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 | 83.6% | -2.8% |
% Black | 0.7% | 40.0% |
% Hispanic | 1.1% | 10.0% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 1.2% | 33.3% |
Mortgage and Risk — Manistique, MI
According to HUD data as of 2023, there were 56 mortgage originations in Manistique, MI, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Manistique, MI. Investor activity is low, as 7.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 7.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Manistique, MI
Manistique, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 207 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 50.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Manistique, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $170,000 |
| Median Household Income | $57,200 |