A typical Manistee home is worth roughly $221,000
Home prices around Manistee have risen about 77% over the past 5 years. Builders were permitted 5 new homes in 2025.
What kind of housing town is Manistee?
Read from the numbers below. The page puts what stands out first.
Home prices up 77% in 5 years
The federal house price index for the ZIP code around Manistee rose 77% over the past 5 years, faster than across Michigan (52%). Last year prices rose 6%. Carrying the Census median home value forward with that index puts the typical Manistee home at roughly $221,000 today.
Carrying the Census median forward with the index puts a typical home at about $221K.
How Manistee ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Manistee, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $1,040
Renters already here pay a median of $768, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Manistee County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
A typical home costs 3.6 years of income
About the same as across Michigan. Try your own numbers below.
That covers a typical Manistee home, with $5K to spare.
A two-bedroom rents for about $1,040 a month here, $350 less than owning.
How Manistee ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Manistee’s typical property tax (1.27% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
1 of Manistee’s houses are on the National Register
Half of Manistee’s homes were built before 1953.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
5 new homes permitted in 2025
Builders were permitted 5 new homes in Manistee in 2025, all single-family houses, worth about $2.1 million to build. That's 0.8 per 1,000 residents, slower than across Michigan (2.3).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $2.1 million |
| 2025 | 5 | 5 | 0 | $2.1 million |
| 2024 | 2 | 2 | 0 | $900,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 43 | 11 | 32 | $5.4 million |
| 2015 | 3 | 3 | 0 | $604,000 |
| 2014 | 2 | 2 | 0 | $500,000 |
| 2013 | 8 | 0 | 8 | $307,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 2 | 2 | 0 | $300,000 |
| 2010 | 2 | 2 | 0 | $754,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 26 | 1 | 25 | $7.6 million |
| 2006 | 22 | 22 | 0 | $3.4 million |
| 2005 | 6 | 4 | 2 | $1.5 million |
| 2004 | 12 | 3 | 9 | $2.7 million |
| 2003 | 40 | 17 | 23 | $4.2 million |
| 2002 | 36 | 16 | 20 | $3.9 million |
| 2001 | 71 | 23 | 48 | $7.3 million |
| 2000 | 20 | 6 | 14 | $2.3 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Manistee vs. its neighbors
Manistee is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Manistee
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Manistee buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.