Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Manitowoc County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $153,602 | $176,921 | $242,182 |
| Price Trend (Annual %) | 8.0% | 5.3% | 8.2% |
| Median Gross Rent | $776 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 3.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Manitowoc County is about 13% lower than in Wisconsin. Rent is about 26% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Manitowoc County, up about 8.0% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Manitowoc County rose about 26.4% between 2015 and 2023, from $614 to $776. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Manitowoc County.
Buying the median-priced home in Manitowoc County costs roughly 16.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Manitowoc County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Manitowoc County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $153,602 | $176,921 | $242,182 |
| Median Household Income | $68,430 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Manitowoc County rose about 98.0%, while median household income rose about 39.6% between 2009 and 2023 — 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 | Manitowoc County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.4% | 60.4% | 58.2% |
| Rental Rate | 21.9% | 28.6% | 31.3% |
| Vacancy Rate | 7.7% | 11.1% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Manitowoc County has a homeownership rate of 70.4%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 7.7%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Manitowoc County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1965 | 1973 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Manitowoc County was built around 1965. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Manitowoc County, Wisconsin.
What is the median home price in Manitowoc County, Wisconsin?
The median home price in Manitowoc County, Wisconsin is $153,602, lower than the Wisconsin average of $176,921.
What is the average home price in Manitowoc County, Wisconsin?
The typical home price in %s, reported as the median sale price, is %s. 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 Manitowoc County, Wisconsin?
The median gross rent in Manitowoc County, Wisconsin is $776 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Manitowoc County in 2020?
In 2020, the median gross rent in Manitowoc County, Wisconsin was $678 per month.
What is the price-to-rent ratio in Manitowoc County, Wisconsin?
The price-to-rent ratio in Manitowoc County, Wisconsin is about 16.5, meaning it would take roughly 16.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Manitowoc County.
Are home prices or rent rising faster in Manitowoc County, Wisconsin?
Both home prices and rent are rising in Manitowoc County, up about 8.0% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Manitowoc County, Wisconsin?
70.4% of households in Manitowoc County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Manitowoc County, Wisconsin?
The housing vacancy rate in Manitowoc County, Wisconsin is 7.7%, lower than the Wisconsin average of 11.1%.