Manitowoc, WI—54220
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manitowoc, WI
As of Oct '25, the median home price in Manitowoc, WI is $230,000, with a year-over-year change of 6.0%. This indicates that home prices in Manitowoc, WI are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 6.0% |
| Single Family | $229,000 | 6.0% |
| Condos | $258,000 | 6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $134,000 | 6.3% |
2 Bed | $181,000 | 5.2% |
3 Bed | $226,000 | 6.1% |
4 Bed | $247,000 | 6.0% |
| 5 Bed | $264,000 | 6.0% |
% of Housing Stock
Rental Trends — Manitowoc, WI
As of July '25, Rentcast reports the average rent in Manitowoc, WI is $1,110, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Manitowoc, WI is studios: $620, 1-bedrooms: $813, 2-bedrooms: $1,020, 3-bedrooms: $1,480, 4-bedrooms: $1,500. The most common rental property sizes in Manitowoc, WI are 2-bedroom and 1-bedroom, accounting for 46.8% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $999 | $1,110 |
| Studio Rent | $620 | $620 |
| 1 Bed Rent | $780 | $813 |
| 2 Bed Rent | $949 | $1,020 |
| 3 Bed Rent | $1,400 | $1,480 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Manitowoc, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Manitowoc, WI is 41. This is a decrease of -2.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | -2.0% |
Listing Count | 106 | -2.0% |
| Listings as % of Homes | 0.2% | -2.0% |
Days on Market | 41 | -2.0% |
Demographics — Manitowoc, WI
As of the latest ACS Survey released in 2023, Manitowoc, WI has a population of 40,700, which has increased by 4.3% over the past 5 years. Manitowoc, WI is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,700 | 4.3% |
% Under 18 | 21.1% | 1.4% |
% Seniors | 22.7% | 11.8% |
% WFH | 6.2% | 82.4% |
% w/ College Degree | 23.9% | 9.1% |
As of the latest ACS Survey released in 2023, Manitowoc, WI is a predominantly white area, with 84.9% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Manitowoc, WI is hispanic, making up 6.0% of the population. Foreign-born residents account for 4.0% of the population in Manitowoc, WI, and this percentage has increased by 8.1% 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 | 84.9% | -2.3% |
% Black | 1.5% | 7.1% |
% Hispanic | 6.0% | 33.3% |
% Asian | 4.3% | -15.7% |
% Foreign Born | 4.0% | 8.1% |
Mortgage and Risk — Manitowoc, WI
According to HUD data as of 2023, there were 702 mortgage originations in Manitowoc, WI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Manitowoc, WI. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 702 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Manitowoc, WI
Manitowoc, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 576 |
Total Units Section 8 | 461 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $780 | $710 |
| 2 Bedroom | -$19 | $949 | $930 |
| 3 Bedroom | -$280 | $1,400 | $1,120 |
| 4 Bedroom | -$260 | $1,500 | $1,240 |
Affordability — Manitowoc, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $230,000 |
| Median Household Income | $65,200 |