Manitowoc, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manitowoc Neighborhoods Since 2000




Manitowoc, WI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Manitowoc Housing Market Information

With 33,010 people, 14,659 houses or apartments, and a median cost of homes of $108,394, house prices in Manitowoc are solidly below the national average.

Single-family detached homes are the single most common housing type in Manitowoc, accounting for 61.58% of the city's housing units. Other types of housing that are prevalent in Manitowoc include duplexes, homes converted to apartments or other small apartment buildings ( 17.34%), large apartment complexes or high rise apartments ( 15.42%), and a few row houses and other attached homes ( 3.26%).

The most prevalent building size and type in Manitowoc are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.45% owning and 36.55% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Manitowoc's housing was primarily built during this period, from the '40s through the '60s. A full 31.84% of the city's housing hails from this era. Other housing ages represented in Manitowoc include homes built between 1970-1999 ( 30.16%) and housing constructed before 1939 ( 30.03%). There's also some housing in Manitowoc built between 2000 and later ( 7.97%).

Manitowoc Home Appreciation Rates

Real estate appreciation rates in Manitowoc's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.80% during the period.

Over the last year, Manitowoc appreciation rates have trailed the rest of the nation. In the last twelve months, Manitowoc's appreciation rate has been 1.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manitowoc were at 0.52%, which equates to an annual appreciation rate of 2.09%.

Relative to Wisconsin, our data show that Manitowoc's latest annual appreciation rate is lower than 80% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Manitowoc differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manitowoc - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Manitowoc real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$108,394

Manitowoc, WI HOME PRICES

Value Range
> $1,028,000 0.0
$771,001 - $1,028,000 0.2
$514,001 - $771,000 0.4
$411,001 - $514,000 0.2
$308,001 - $411,000 2.5
$206,001 - $308,000 8.7
$103,001 - $206,000 42.6
$52,001 - $103,000 38.3
$0 - $52,000 7.1

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
72.3192312199695 95.8932238193018

Number Of Homes And Apartments:
14,659

Manitowoc Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
5.47% 0.31% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$749 / per month

Homeownership Rate

Homeownership
Owners 63.45
Renters 36.55
Vacant 8.66

Housing Market Details

 

Age of Homes

AGE OF Manitowoc HOMES
2000 or Newer 8.0
1970 - 1999 30.2
1940 - 1969 31.8
1939 or Older 30.0

Types of Homes

TYPE OF Manitowoc HOMES
Single-Family 61.6
Townhomes 3.3
Small Apt. Buildings 17.3
Apt. Complexes 15.4
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Manitowoc HOMES
No Bedroom 2.26
1 Bedroom 10.66
2 Bedrooms 32.01
3 Bedrooms 41.04
4 Bedrooms 11.78
5 or more bedrooms 2.25