Manitowoc, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Manitowoc, WI Real Estate Data


Manitowoc Housing Market Information

With 33,010 people, 14,839 houses or apartments, and a median cost of homes of $120,235, 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 62.52% 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 ( 17.25%), large apartment complexes or high rise apartments ( 14.41%), and a few row houses and other attached homes ( 3.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manitowoc. Owner-occupied housing accounts for 65.03% of Manitowoc's homes, and 52.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Manitowoc built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Manitowoc built between 1940-1969 ( 30.99%). A lesser amount of the housing stock also hails from before 1939 ( 30.01%). There's also some housing in Manitowoc built between 2000 and later ( 7.25%).

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 -0.62% during the period.

NeighborhoodScout's data show that during the latest twelve months, Manitowoc's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Manitowoc's appreciation rate has been 1.22%, which annualizes to a rate of 4.99%.

Relative to Wisconsin, our data show that Manitowoc's latest annual appreciation rate is lower than 60% 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:
$120,235

Manitowoc, WI HOME PRICES

Value Range
> $1,039,000 0.1
$779,001 - $1,039,000 0.1
$520,001 - $779,000 0.5
$416,001 - $520,000 0.6
$312,001 - $416,000 2.8
$208,001 - $312,000 8.7
$104,001 - $208,000 42.5
$52,001 - $104,000 37.5
$0 - $52,000 7.2

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
66.2030801663056 91.3757700205339

Number Of Homes And Apartments:
14,839

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 65.03
Renters 34.97
Vacant 8.74

Housing Market Details

 

Age of Homes

AGE OF Manitowoc HOMES
2000 or Newer 7.3
1970 - 1999 31.7
1940 - 1969 31.0
1939 or Older 30.0

Types of Homes

TYPE OF Manitowoc HOMES
Single-Family 62.5
Townhomes 3.4
Small Apt. Buildings 17.2
Apt. Complexes 14.4
Mobile Homes 2.3
Other 0.1

Home Size

SIZE OF Manitowoc HOMES
No Bedroom 2.13
1 Bedroom 10.61
2 Bedrooms 31.91
3 Bedrooms 40.20
4 Bedrooms 12.73
5 or more bedrooms 2.42

Manitowoc Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
7.01% 0.40% 1 1
* 10 is highest