Manitowoc, WI Housing Market
AI-powered market intelligence for the Manitowoc, WI metro area.
PropertyIQ Scores
Manitowoc, WI Market Analysis
Market Overview
Manitowoc’s PropertyIQ Score of 95/100 places it in strong market territory. The score is driven by 12-month home value momentum of 11.11%, 3-month home value momentum of 1.25%, a median days on market of 36 days, and a share of listings with a price cut of 15.2%. These factors point to steady buyer demand and efficient selling conditions.
Compared with state benchmarks, Manitowoc looks relatively affordable on home prices. The median home value is $269,406, well below Wisconsin’s average of $343,798. The rent index of $1,064 is slightly above the state average of $1,045, while median household income is $68,611, below the state average of $75,670. Unemployment is 3.3%, matching the state rate. The reported year-over-year home value change is $2, essentially flat in dollar terms even as the 12-month momentum reading is stronger.
Key Trends
The first trend is price momentum. The 12-month momentum reading of 11.11% suggests meaningful appreciation over the past year, but the 3-month reading of 1.25% points to slower recent growth. The reported year-over-year dollar change of $2 is nearly flat, adding caution about dollar-level gains.
Second, market speed looks balanced in favor of sellers. The median days on market is 36 days, and only 15.2% of listings have had a price cut. That combination indicates homes are moving at a solid pace without widespread discounting. There are 229 homes for sale, but no state inventory benchmark is provided, so it is not possible to compare local supply with Wisconsin norms.
Third, affordability compares well with the state. The median home value of $269,406 is about 3.9 times the median household income of $68,611. The state average home value of $343,798 is about 4.5 times the state average household income of $75,670. That means a typical Manitowoc home is more attainable relative to local income than the state average, despite lower local incomes.
Fourth, the rental market is relatively competitive. The rent index of $1,064 is slightly above the state average of $1,045, even though home prices are lower. That can support investor interest, particularly for buy-and-hold rental housing. Population growth data is not available, so the demographic demand picture cannot be measured from the provided metrics.
Who Is This Market For
Manitowoc is well suited to first-time buyers looking for a lower purchase price than the Wisconsin average. The median home value of $269,406 is far below the state average of $343,798, and the price-to-income ratio is more favorable than the state benchmark. However, median household income is also lower at $68,611, so affordability is relative.
Long-term rental investors may also find this market attractive. The rent index of $1,064 is slightly above the state average of $1,045, while purchase prices are lower than the state average. A median days on market of 36 days and a price cut share of 15.2% suggest properties can move without extended delays. The reported flat year-over-year dollar change of $2 may temper short-term flip expectations, making the market more appropriate for buy-and-hold strategies.
Move-up buyers may benefit from the strong 12-month momentum of 11.11%, which implies equity gains over the past year. But the 3-month momentum of 1.25% and the flat year-over-year dollar change suggest recent price growth has been modest. A stable unemployment rate of 3.3%, matching the state, supports owner-occupant demand.
Outlook
The data supports a cautiously positive outlook for Manitowoc. The 12-month home value momentum of 11.11% indicates meaningful appreciation over the past year, but the 3-month momentum of 1.25% and the reported year-over-year dollar change of $2 suggest that price growth may be leveling off. A median days on market of 36 days and a price cut share of 15.2% point to continued demand without extreme overheating.
Affordability relative to state averages should continue to support interest, especially given a lower median home value and a rent index slightly above the state average. The unemployment rate of 3.3%, equal to the state average, provides a stable economic backdrop. The main data gap is population growth, which is not available; without it, long-term demand from new households cannot be assessed. Overall, the metrics indicate Manitowoc is likely to remain a solid, moderately paced market rather than a speculative boom.
AI-generated analysis based on current market data. Last updated August 29, 2026.
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Manitowoc, WI market data
Manitowoc, WI Housing Market Overview
Manitowoc, WI's median home value is $269K, up 11.1% over the past year. Homes here sell in a median 36 days. Its PropertyIQ Score of 95 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
PropertyIQ tracks the Manitowoc, WI housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this WI market is set to perform against its state benchmark.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Manitowoc, WI's PropertyIQ Score of 95 ranks among the Midwest's stronger demand signals.
For the Manitowoc, WI market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 11.1% over the past year.
View Manitowoc, WI's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Manitowoc, WI metro area
ZIP codes in the Manitowoc, WI metro area
Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Manitowoc, WI a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Manitowoc, WI currently scores 95, a very strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $269K, up 11.1% over the past year. So whether Manitowoc, WI is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Manitowoc, WI?
Manitowoc, WI's PropertyIQ Score is 95, indicating very strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 95 places Manitowoc, WI above its state benchmark.
Are home prices in Manitowoc, WI rising or falling?
Home prices in Manitowoc, WI are rising. Over the past year, the median home value increased 11.1%, reaching $269K. Over the latest three months, values moved up 1.2%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Manitowoc, WI's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Manitowoc, WI?
In Manitowoc, WI, homes sell in a median of 36 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 15% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Manitowoc, WI market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.