Market Overview
Home Prices in Manistique, MI
The median home value in Manistique, MI is $196,744 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.3% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Manistique are priced52% below average.
Over the past five years, Manistique home values have risen by approximately38.1%, reflecting strong long-term appreciation in this market.
Price History
Manistique Home Price Trend
2020
$121,390
$121K
—
2021
$142,516
$143K
+17.4%
2022
$168,563
$169K
+18.3%
2023
$172,520
$173K
+2.3%
2024
$172,741
$173K
+0.1%
2025
$178,299
$178K
+3.2%
2026
$196,744
$197K
+10.3%
City Comparison
Manistique vs. National Median
🏠 Manistique
$196,744
National Median
$410,000
At $196,744, homes in Manistique cost 52% below the national median of $410,000. This makes Manistique a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Manistique?
20% Down Payment
$39,349
on $196,744
Monthly P&I
$1,026/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,303/mo
incl. taxes & insurance
Income Needed
$52,120
gross annual (30% rule)
10% Down Option
$19,674
+ PMI applies
Loan Amount (20% dn)
$157,395
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Manistique, MI?
The median home value in Manistique is $196,744 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.3% year-over-year.
How much have home prices changed in Manistique?
Over the past year, home values in Manistique have increased by 10.3%. Over five years, prices have risen approximately 38.1%.
How much do I need to earn to buy a home in Manistique?
To comfortably afford the median home price of $196,744 with a 20% down payment ($39,349) at today's rates (6.8%), you'd need a gross annual income of approximately $52,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Manistique compare to the national average home price?
The national median home value is approximately $410,000. At $196,744, homes in Manistique are 52% below the national average.