Mancelona, MI—49659
Real Estate Data & Market Trends
Key Metrics at a Glance
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 |
2 Bed | $195,000 | 1.0% |
3 Bed | $232,000 | 2.7% |
4 Bed | $268,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Mancelona, MI
As of Nov '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 | $255,000 | 13.0% |
Listing Count | 58 | 45.0% |
| Listings as % of Homes | 0.6% | 45.0% |
Days on Market | 60 | -19.0% |
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% |
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% |
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% |
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 |
Affordability — Mancelona, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $189,000 |
| Median Household Income | $59,100 |