What income do you need to buy a house in Manistique, MI?

It takes about $58,000/yr to afford the typical Manistique, MI home ($196K, +10.5% past year) at today's rates. Starter homes run around $112K. See if you can afford a house in Manistique (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $58,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, MI property tax and insurance)
• Typical home value: $196K (Zillow ZHVI, 2026-07)
• 1-year change: +10.5%
• Bottom 35% of homes: $112K
• Top 35% of homes start around: $328K
• Median household income: $38K
• Price-to-income ratio: 5.1
• Estimated payment on the typical home: $1,020/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Gladstone, MI — typical home $218K
• Escanaba, MI — typical home $188K
• Marquette, MI — typical home $348K
• Petoskey, MI — typical home $478K
• Traverse City, MI — typical home $450K
• Sturgeon Bay, WI — typical home $386K

The most affordable cities to buy a house in Michigan

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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