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Manistee

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

Median Home$172,495
Median Rent$704/month
Population6,608
Leading IndustriesTransportation · Manufacturing · Retail4% transportation
Home Value Growth⬆⬆⬆+35.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners76% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableVeteran Community10% of residents · top 14% nationally
Manistee
MI

Frequently Asked Questions

What are today's mortgage rates in Manistee?

As of today, the 30-year fixed mortgage rate for Manistee is approximately 6.970% (7.012% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Manistee?

The median home value in Manistee is $172k. The median monthly rent is $704. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Manistee?

Home values in Manistee have increased 35.8% 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 Manistee?

Based on a typical all-in ownership cost of $732/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Manistee is $62k/year.

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What industries drive the economy in Manistee?

The largest employment sectors in Manistee are public administration (24%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.