MANISTEE — Rent and housing prices have soared in all parts of the country. Michigan and the northwest Lower Peninsula are no exception. However, prices can fluctuate significantly throughout the region.

Housing North, a Traverse City-based nonprofit that works to create affordable housing in northwest Michigan, released a report in October detailing a housing shortage in Manistee.

According to the Housing North study, 904 combined rentals and owned homes are needed in Manistee County.

Although there is limited data on rental prices in Manistee County, the website zumper.com lists the median rent at $526 for a one-bedroom apartment. This represents a 5% increase from April 2021, when the median rent for a one-bedroom apartment was $501.

Rent for a two-bedroom apartment is currently $858, according to data from Zumper’s website. This time last year, the median rent for a two-bedroom apartment in Manistee County was $713.


For those looking to buy a home in Manistee County, the median home price is $197,083 in March, an increase of 18.4% or a median sale price $30,583 higher than March. 2021, according to rockethomes.com.

Other parts of the region have seen steeper increases in the price of their homes. The median selling price of homes in Lake County jumped 51.9% from March 2021. The median selling price of a home in Lake County in March 2021 was $96,700. The current median home price in Lake County is $146,900, according to Rocket Homes.

According to data from rent.com, the price of rentals nationwide has increased by about 23% since last year. Michigan is doing a little better with a one-bedroom apartment growth rate of 13.94% from 2020 to 2021. Two-bedroom apartments have a lower growth rate than one-bedroom apartments. room with an increase rate of 11.40%.

National metros have been hit relatively hard by smaller areas – especially the sunny cities of Phoenix, Arizona, Miami, Florida and Charlotte, North Carolina.

The average Miami rent for a one-bedroom apartment is $2,640. In April 2021, the average was $1,606. This is a 66% increase in rental prices compared to the same time last year.

As for renting a home in Manistee, according to the rentdata.org website, the average two- to three-bedroom home costs $1,072 in monthly rent.

That’s about $100 more than in Mason County, where it costs an average of $973 to rent a two- to three-bedroom home.

Rentdata.org notes the following about Manistee County:

Fair market rental prices in Manistee County are about average compared to the national average. This area of ​​Fair Market Rent is more expensive than 63% of other FMR areas. Fair market rent for a two-bedroom apartment in Manistee County is $846 per month.

Fair market rent is determined each fiscal year by the Department of Housing and Urban Development and is used to set payment standards for federal housing assistance programs in Manistee County, according to rentdata.com.

In the previous year, the rent for a two-bedroom house was $791 per month. This is a 6.95% year-over-year increase.

Additionally, the Fair Market Rent Area for Manistee County consists of a county or city in Michigan.

The estimated population of the Manistee County Fare Market Rental Area is 24,430 based on the latest census data.

Compared to the rest of Michigan, the Manistee County area is more expensive than 67% of the state.

The same website notes the following for Mason County:

Fair market rental prices in Mason County are low compared to the national average, according to rentdata.com. The area is cheaper than 66% of other areas. Fair market rent for a two-bedroom apartment in Mason County is $774 per month.

The previous year, the rent for a two-bedroom house was $803 per month. This is a decline of 3.61% year over year.

Additionally, this Mason County Fair Rent Area consists of a county or city in Michigan.

The estimated population of the Mason County Fair Market Rent Area is 28,800 based on the latest census data.

Compared to the rest of Michigan, Mason County’s fair market rent area is 83% cheaper than the state.

The median rental price for a one-bedroom apartment in 2021 for Michigan was $1,206, just under a $200 increase from $1,059 in 2020. The median rental price for a a two-bedroom apartment was $1,430 in 2021, just under $150 up from $1,283 in 2022.