Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Mancelona

Learn about the people, housing, costs and businesses in Mancelona, Michigan

Median Home$117,200
Median Rent$862/month
Population1,412
Leading IndustriesWholesale Trade · Retail15% wholesale trade
Home Value Growth⬆⬆⬆+94.1% over 2 years
Family-Friendly28% of residentswell above average
Homeowners73% of occupied units
NotableAmenity Score76/100 · highly walkable area
Mancelona
MI

Frequently Asked Questions

What are today's mortgage rates in Mancelona?

As of today, the 30-year fixed mortgage rate for Mancelona is approximately 6.969% (7.011% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Mancelona
What is the median home price in Mancelona?

The median home value in Mancelona is $117k. The median monthly rent is $862. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mancelona?

Home values in Mancelona have increased 94.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mancelona?

Based on a typical all-in ownership cost of $811/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mancelona is $54k/year.

Calculate your buying power
What industries drive the economy in Mancelona?

The largest employment sectors in Mancelona are public administration (25%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.