Manitowish Waters, WI housing market
The typical Manitowish Waters home is worth about $756,000, up 15.8% in a year, 122% above the Wisconsin typical home.
Home values, sales, trends and how Manitowish Waters compares with the towns next door — updated as new data is published.
Manitowish Waters at a glance
Typical home value, 2016–2026
Show as a table
| January | Manitowish Waters | Wisconsin |
|---|---|---|
| 2017 | $432,000 | $180,000 |
| 2018 | $441,000 | $190,000 |
| 2019 | $454,000 | $202,000 |
| 2020 | $472,000 | $215,000 |
| 2021 | $507,000 | $238,000 |
| 2022 | $609,000 | $263,000 |
| 2023 | $654,000 | $282,000 |
| 2024 | $671,000 | $299,000 |
| 2025 | $696,000 | $317,000 |
| 2026 | $688,000 | $333,000 |
| August 2026 | $756,000 | $340,000 |
16 new homes permitted in 2025
Builders were permitted 16 new homes in Manitowish Waters in 2025, all single-family houses, worth about $17 million to build. Over the past 10 years, Manitowish Waters has permitted 108 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 5 | 5 | 0 | $8.2 million |
| 2025 | 16 | 16 | 0 | $17 million |
| 2024 | 7 | 7 | 0 | $2.7 million |
| 2023 | 11 | 11 | 0 | $5.8 million |
| 2022 | 13 | 13 | 0 | $8.9 million |
| 2021 | 6 | 6 | 0 | $1.7 million |
| 2020 | 20 | 12 | 8 | $7.5 million |
| 2019 | 8 | 8 | 0 | $3.7 million |
| 2018 | 14 | 14 | 0 | $4.2 million |
| 2017 | 7 | 7 | 0 | $3.6 million |
| 2016 | 6 | 6 | 0 | $1.7 million |
| 2015 | 5 | 5 | 0 | $2.5 million |
| 2014 | 6 | 6 | 0 | $1.6 million |
| 2013 | 8 | 8 | 0 | $2.2 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Manitowish Waters and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Manitowish Waters | $756K | +15.8% | $1,280 | 16 | $71,932 |
| Boulder Junction | $417K | +7.9% | $1,140 | — | $74,919 |
| Lac du Flambeau | $484K | +5.5% | $990 | 2 | $57,009 |
| Mercer | $317K | +8.7% | $1,130 | — | $63,281 |
| Sherman | — | +14.9%† | $990 | — | $60,063 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,280
HUD's Fair Market Rent for a two-bedroom in Manitowish Waters is $1,280 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Manitowish Waters pay a median of $1,146, so moving in tends to cost more than staying put.
Studio $1,020 · 4 bedrooms $1,700
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (54545; Iron County, WI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.