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City · 6,275 residents · Manistee County, Michigan

Manistee , Michigan

In Manistee, a typical home is worth $164,100 and typical rent is $768 a month. Compared with all of Manistee County, the typical home value is 10% lower, typical rent is 9% lower, and the share of households that own their home is 13 points lower.

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  • Typical home value

    $164,100

    10% below the county

    29% below Michigan

    • Manistee
    • County
    • Michigan

  • Typical rent

    $768a month

    9% below the county

    32% below Michigan

    • Manistee
    • County
    • Michigan

  • Typical household income

    $60,541a year

    5% below the county

    17% below Michigan

    • Manistee
    • County
    • Michigan

  • Households that own their home

    73%

    13 points below the county

    About the same as Michigan

    • Manistee
    • County
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$264,486
9% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Manistee is in Manistee County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Manistee County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Manistee apart

What this place has that others do not, from public data, most unusual first.

  1. According to Zillow, in the 12 months to September 2026 the typical home value in Manistee rose 9%; in Michigan, it rose 3.8%.

  2. Nearby, in Cadillac, the typical home value is $134,300: 18% less than in Manistee ($164,100).

  3. Manistee has the 11th lowest typical rent of the 175 cities in Michigan with more than 5,000 people ($768).

  4. 73% of households in Manistee own their home, against 86% in Manistee County.

Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data

The homes here

Housing in Manistee

What homes there are in Manistee, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Manistee (69%), but less so than in Manistee County (84%).

Year built

In Manistee, half of the homes were built before 1953; in Manistee County, before 1972.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Manistee County is high ($541,287): at least 94% of owner-occupied homes in Manistee are worth less than $500,000.

Monthly rent with utilities

By rent, most homes in Manistee cost less than HUD's 2-bedroom fair market rent ($1,067): about 79%.

With a mortgage

$1,037 a month

Manistee County: $1,218 a month

Without a mortgage

$480 a month

Manistee County: $479 a month

Owners with a mortgage

56%

Manistee County: 51%

Owning costs less in Manistee: with a mortgage, the typical cost is $1,037 a month; in Manistee County, $1,218. Without one, $480.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Manistee gained value faster than in Manistee County: 51% against 45%.

The typical rent in Manistee stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureManisteeManistee CountyMichiganUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.4%1.6%3.4%
People per household 2.152.262.422.53
Drive alone 76%77%74%69%
Carpool Unreliable estimate8%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 13%11%14%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

By size, households in Manistee look like those in Manistee County: 2.15 people on average.

The car rules in Manistee: 76% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Manistee?

A typical home is within reach of the typical income

We start with a typical home in Manistee, worth $164,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Manistee, which is $60,541 a year.

The calculator's FHA and conventional loan limits are those of all of Manistee County.

Your numbers

Local data
$

Starts at the typical home value in Manistee. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,744 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,406

at 7.18% · 30 years

Loan amount
$161,127
Total interest
$231,824
Paid off in
November 2056

Includes $2,771 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,413 a month

    Your payment · 28%

  • Tight

    $1,413 to $1,816 a month

  • Hard

    more than $1,816 a month

Compared with the typical household income in Manistee ($60,541 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,406
Principal & interest$1,092
Property tax$174
Home insurance$68
FHA mortgage insurance (MIP)$73

You need at least $5,744 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Manistee and Manistee County

Manistee is in Manistee County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Manistee's own numbers

Typical home value
$164,100
Typical monthly rent
$768
Typical yearly household income
$60,541
Households that own their home
73%
Effective property tax rate
1.27%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Manistee County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,067
Price change over 5 years (FHFA)
+75%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Manistee County.

Everything about Manistee County

Buying

Buying a home in Manistee

A typical home in Manistee is worth $164,100: 10% below the county and 29% below Michigan. With the typical household income in Manistee ($60,541 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Manistee 2.7 years
  • County 2.9 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Manistee County

According to FHFA’s house price index, home prices in Manistee County rose 132% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Manistee County.

Period County Michigan U.S.
Last year (2025) +4.4% +4.7% +2.9%
5 years (2020–2025) +75% +52% +47%
10 years (2015–2025) +132% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Manistee next to Manistee County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Manistee $164,100
  • County $182,200
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Manistee $768
  • County $842
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Manistee $60,541
  • County $63,516
  • Michigan $72,875
  • United States $80,734
See the full table
Manistee next to Manistee County and Michigan
Measure Manistee Manistee County Michigan U.S.
Typical home value $164,100 $182,200 $231,600 $332,700
Typical monthly rent $768 $842 $1,129 $1,413
Typical yearly household income $60,541 $63,516 $72,875 $80,734
Households that own their home 73% 86% 73% 65%
Typical yearly property tax $2,082 $1,898 $2,904 $3,119
Effective property tax rate 1.27% 1.04% 1.25% 0.94%
Renters with high rent for their income 55% 51% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Manistee County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Manistee

For a typical $164,100 home in Manistee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Manistee's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,406a month

    Least cash to close
    Down payment
    $5,744
    Cash to close
    $10,667
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $73

  • Conventional, 5% down $1,376a month

    Down payment
    $8,205
    Cash to close
    $13,128
    Rate
    7.18%
    Mortgage insurance
    PMI · $78

  • Conventional, 20% down, no PMI $1,131a month

    Down payment
    $32,820
    Cash to close
    $37,743
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,283a month

    Down payment
    $24,615
    Cash to close
    $29,538
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Manistee and for Manistee County.

Property tax

Effective rate in Manistee

1.27%of the home’s value each year

$2,082 a year for the typical owner in Manistee.

  • Manistee 1.27%
  • County 1.04%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Manistee County

FEMA does not publish these numbers by city: they are for all of Manistee County.

FEMA’s maps count no homes in the high-risk zone in Manistee County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Manistee

Typical rent in Manistee is $768 a month: 9% below the county. In Manistee, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Manistee County, by unit size. To pay the 2-bedroom one ($1,067 a month) without spending more than 30% of your income, you would need to earn $20.52 an hour working full time.

HUD fair market rent for all of Manistee County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $761 $14.63 $30,440
1 bedroom $822 $15.81 $32,880
2 bedrooms $1,067 $20.52 $42,680
3 bedrooms $1,360 $26.15 $54,400
4 bedrooms $1,402 $26.96 $56,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Manistee

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Manistee is in ZIP code 49660.

For 2 bedrooms it is $1,050: $17 less than the fair market rent for Manistee County ($1,067).

  • 49660 $1,050$1,340

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Manistee when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Manistee

HUD lists 6 buildings with rents for lower incomes in Manistee. These are the largest.

  • Century Terrace 237 6th Ave, Manistee 49660 167 low-income homes · For families (231) 723-6201
  • Cherry Hill Apts 579 Ramsdell Rd, Manistee 49660 48 low-income homes · 1 bd: 24 · 2 bd: 24 · In service since 2002
  • Reitz Park 90 Park Ave, Manistee 49660 48 low-income homes · 2 bd: 32 · 3 bd: 16 · In service since 2002 · For families
  • Harborview Apts 100 Park Ave, Manistee 49660 48 homes, 47 low-income · Run by Manistee Housing Commission · Average payment: $518 a month · Average wait: 110 months · Homes at several sites (231) 723-6201
  • Manistee Place 297 5th Ave, Manistee 49660 46 low-income homes · 1 bd: 16 · 2 bd: 30 · In service since 2013

See all 6 buildings in Manistee County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Manistee

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Manistee County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Manistee

No down payment, repair or rent-help program on our list is for Manistee or Manistee County. The ones below are statewide in Michigan: they work in Manistee the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Manistee

The HUD-approved agencies closest to the center of Manistee, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Northwest Michigan Communty Action Agency , Inc

    1640 Marty Paul St, Cadillac · 44 miles away

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (231) 947-3780

  • Northwest Michigan Community Action Agency, Inc

    3963 3 Mile Rd N, Traverse City · 51 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (231) 947-3780

  • Truenorth Community Services

    6308 S Warner Ave, Fremont · 59 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (231) 924-0641

All counseling agencies in Michigan

Help in Spanish near Manistee

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Manistee

HUD’s record names them for Manistee or Manistee County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Michigan Source: HUD

Cities

Nearby cities

The cities closest to Manistee, with the typical home value.

Everything about Manistee County Housing in Michigan

Neighboring counties

If Manistee County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Manistee.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Manistee

Short answers with the numbers for Manistee and all of Manistee County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Manistee?

The typical home value in Manistee is $164,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Manistee County it is $182,200.

How much does it cost to rent in Manistee?

Typical rent in Manistee is $768 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Manistee County is $1,067.

What is the FHA loan limit in Manistee?

Manistee uses the FHA limit for all of Manistee County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Manistee?

The typical homeowner in Manistee pays $2,082 a year, according to the U.S. Census Bureau. That is 1.27% of the home’s value; in Manistee County, the rate is 1.04%.

Where can I find free help to buy or rent in Manistee?

We found no HUD-approved counseling agencies with an office in Manistee County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).