Manistee home appraisals
Manistee sits on an isthmus between Lake Michigan and Manistee Lake, and the river channel through town sets much of its housing character. Zillow's typical Manistee home value was $270,710 in July 2026, up 9.6% in a year. The census median owner value for 2020 to 2024 was $164,100, with 73.2% of homes owner occupied.
Lumber money built the old houses
Manistee grew on lumber. In the 1880s it had more millionaires per capita than any other American city, according to Wikipedia, and over 30 shingle mills once worked the Manistee River. The whole downtown is on the National Register of Historic Places, and a Riverwalk of about 1.5 miles follows the channel. Older houses near downtown usually need comps that weigh age, updates and condition, not just size.
A cap on short term rentals
In July 2025 the city council advanced a short term rental ordinance on a 6 to 1 first vote, with the final vote set for July 15, 2025, per Short Term Rentalz. The draft capped rentals at 165 outside certain zones, leaving downtown and the beaches out of the cap. It set a $100 yearly registration fee and a $150 inspection every three years, and required insurance and a local contact. Buyers counting on rental income should confirm a property's registration status with the city.
Areas, lakes and neighborhoods in this file
- Downtown historic district
- Manistee Riverwalk
- First Street Beach
- Manistee Pierhead lights
- Manistee Lake west shore
- Parkdale
- Orchard Beach State Park
- Manistee Township
Landmarks around Manistee
- Ramsdell TheatreHistoric theater
- Vogue TheatreMovie theater
- Manistee Pierhead lightsLighthouses
- Orchard Beach State ParkState park
- USCGC Acacia (WLB-406)Coast Guard ship
- Manistee RiverRiver
- Manistee LakeInland lake