Manistee County, Michigan Housing Market Prices
Manistee County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 97% above the Michigan median More expensive than 89% of counties in Michigan$272,572
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Median rent 25% below the Michigan median$841
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Manistee County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $272,572 | $138,713 | $248,835 |
| Price Trend (Annual %) | 12.5% | 8.6% | 7.5% |
| Median Gross Rent | $841 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Manistee County is about 97% higher than in Michigan. Rent is about 25% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Manistee County, up about 12.5% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Manistee County rose about 27.8% between 2015 and 2024, from $658 to $841. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Manistee County.
Buying the median-priced home in Manistee County costs roughly 27.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Manistee County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Manistee County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $272,572 | $138,713 | $248,835 |
| Median Household Income | $64,478 | $72,977 | $80,455 |
| Price-to-Income Ratio | 4.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Manistee County rose about 224.9%, while median household income rose about 54.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Manistee County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.6% | 64.6% | 58.5% |
| Rental Rate | 9.6% | 23.6% | 31.2% |
| Vacancy Rate | 32.8% | 11.8% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Manistee County has a homeownership rate of 57.6%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 32.8%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Manistee County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1970 | 1972 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Manistee County was built around 1970. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Manistee County, MI Housing Compared With Nearby Counties
How Manistee County, MI compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Manistee County, MI | 25,350 | $272,572 #1/2 | $841 #2/2 | 85.8% #1/2 |
| Mason County, MI | 29,204 | $254,688 | $895 | 78.3% |
Frequently Asked Questions
Common questions about the housing market in Manistee County, Michigan.
What is the median home price in Manistee County, Michigan?
The median home price in Manistee County, Michigan is $272,572, higher than the Michigan average of $138,713.
What is the average home price in Manistee County, Michigan?
The typical home price in Manistee County, Michigan, reported as the median sale price, is $272,572. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Manistee County, Michigan?
The median gross rent in Manistee County, Michigan is $841 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Manistee County in 2020?
In 2020, the median gross rent in Manistee County, Michigan was $727 per month.
What is the price-to-rent ratio in Manistee County, Michigan?
The price-to-rent ratio in Manistee County, Michigan is about 27.0, meaning it would take roughly 27.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Manistee County.
Are home prices or rent rising faster in Manistee County, Michigan?
Both home prices and rent are rising in Manistee County, up about 12.5% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Manistee County, Michigan?
57.6% of households in Manistee County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Manistee County, Michigan?
The housing vacancy rate in Manistee County, Michigan is 32.8%, higher than the Michigan average of 11.8%.
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