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Manistique city, MI

ZIP 49854 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49854

Median Home Value
$117,500
Median Rent
$499
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$755/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49854 in Manistique city, MI, a household would need roughly $32,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $755. That sits below the local median household income ($57,212), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 30% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.5%+29% vs US avg
x
Vacancy Rate
30.0%+191% vs US avg
x
Broadband Access
83.4%-4% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
9.1%-29% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
3.4%-93% vs US avg
x
Mortgage-Free
56.0%+47% vs US avg
x
$117,500
Home Value
$499
Rent
1970
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached87.9%
  • 1-unit attached1.6%
  • 2-9 units2.9%
  • 10+ units3.2%
  • Mobile home & other4.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$117,500
Median rent$499
Owner-occupied84.5%
Vacant30.0%
Price-to-income2.1x
Est. income to buy$32,000