Manitowoc County, Wisconsin Housing Market

In Manitowoc County, Wisconsin, the median home value is $186,900, with a median monthly rent of $797. This places Manitowoc County at #1549 nationally out of 3134 counties by median home value, and #59 within Wisconsin.

Median Home Value $186,900
Median Rent $797/mo
Owner Occupancy 77.1%
Price/Rent Ratio 19.5

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Manitowoc County rose +5.4% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

29,171
jobs (private sector)
  • Avg weekly wage: $1,063
  • Establishments: 1,906
  • BLS QCEW, 2025
🏗️

Housing Supply

152
new units authorized (2025)
  • Single-family: 102
  • Multi-family: 50
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+1049
net migration (filers, 2021-2022)
  • Inflow: 35,813 (avg $75,258)
  • Outflow: 34,764 (avg $75,723)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 9 active ZIP codes in Manitowoc County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 54227 239.9 — 2025
2 54247 290.5 +15.06% 2025
3 53063 309.9 — 2025
4 54245 238.8 -6.18% 2025
5 53015 247.9 +1.40% 2025
6 54241 230.2 +5.94% 2025
7 54220 223.7 +4.30% 2025
8 54228 218.2 +6.43% 2025
9 54230 251.3 +2.00% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Manitowoc County Compares

MetricManitowoc CountyWisconsin AverageU.S. Average
Median Home Value $186,900 $234,086 $227,706
Median Gross Rent $797 $915 $968
Owner Occupancy Rate 77.1% 75.9% 73.3%
Price/Rent Ratio 19.5 21.2 18.7

Market Analysis

The median home value in Manitowoc County is 20.2% below the Wisconsin state average and 17.9% below the U.S. national average. The median rent of $797/month is 12.9% below the state average.

With a price-to-rent ratio of 19.5, the buy-vs-rent decision in Manitowoc County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.

Manitowoc County has an owner-occupancy rate of 77.1%, compared to 75.9% in Wisconsin and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Heard County Georgia $186,800 $917
Ashland County Ohio $186,800 $888
Newaygo County Michigan $186,700 $904
Terrebonne Parish Louisiana $187,200 $1,065
Campbell County Tennessee $186,500 $716

Other Counties in Wisconsin

CountyMedian Home ValueMedian RentOwner Occ.
Forest County $185,000 $594 82.0%
Crawford County $183,400 $789 77.2%
Lincoln County $192,700 $755 79.5%
Shawano County $194,000 $821 77.5%
Lafayette County $194,500 $830 80.2%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).