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Manistee Lake, MI
Full City Profile · Michigan · Kalkaska County County
3.6
/5.0
B+
Good
364
Population
102/sq mi density
$52,917
Median Income
$34,591 per capita
$153,600
Home Value
$296,765 Zillow
43°F
Avg Temperature
270 sunny days/yr
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$52,917 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$153,600 home value, /mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C+
Education
2.9 / 5.0
23.9% bachelor's degree or higher
Housing Overview
Median Home Value
$153,600
46% below
US avg: $281,900
Homeownership Rate
87.3%
33% above US avg (65.4%)
Total Housing Units
497
Median year built: 1975
Home Value by Source
Census Median
$153,600
Zillow (ZHVI)
$296,765
Median Sale Price
$239,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.3%
Owner-Occupied
12.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Market Indicators (Redfin)
Median Days on Market
283 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
18.2%
of listings with price reduction
Price Per Sq Ft
$230
Active Inventory
11
homes for sale
Affordability & Housing Stock
Rent Burden
12.5%
of renters spending 30%+ of income on housing
60% below US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
87.3%
Complete Housing Data
Home Values
| Census Median Value | $153,600 |
| Zillow Home Value (ZHVI) | $296,765 |
| Median Sale Price | $239,000 |
| Price Per Sq Ft | $230 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 283 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.2% |
| Homes Sold | 1 |
| Active Inventory | 11 |
| Price Per Sq Ft | $230 |
Ownership & Stock
| Owner-Occupied | 87.3% |
| Renter-Occupied | 12.7% |
| Homeownership Rate | 87.3% |
| Total Housing Units | 497 |
| Median Year Built | 1975 |
| Rent Burden | 12.5% |