Total monthly cost of ownership
Cost to Own a Home in Manistique, Michigan
A $84,000 home here costs
$909per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $432. The real number is $477 higher every month — 111% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Manistique against Schoolcraft County and Michigan
| Measure | Manistique | Schoolcraft County |
|---|---|---|
| Median home value | $83,600 | $123,500 |
| Median property tax | $1,316 | $1,348 |
| Effective tax rate | 1.574% | 1.091% |
| Median gross rent | $653 | $654 |
| Population | 2,844 | 8,093 |
The weather behind that power bill
Manistique sits in Schoolcraft County, which averages a high of 73.5°F in its hottest month and a low of 10.4°F in its coldest, with 33.26" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 145 cooling and 8,560 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Schoolcraft County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Schoolcraft County
No other places of this size are published in Schoolcraft County.
Full Schoolcraft County cost breakdown · Every county in Michigan
Common questions
How much does it cost to own a home in Manistique?
A $84,000 home in Manistique, Michigan costs approximately $909 per month with 20% down at 6.66%. That is $432 principal and interest, $110 property tax, $31 homeowners insurance, $266 utilities and $70 set aside for maintenance.
What is the property tax rate in Manistique?
Manistique has an effective property tax rate of 1.574%, based on a median home value of $83,600 and median real estate taxes of $1,316. That is higher than the Schoolcraft County average of 1.091%.
What is the average home price in Manistique?
The median owner-occupied home value in Manistique, Michigan is $83,600, against $123,500 across Schoolcraft County.
Is it cheaper to rent or buy in Manistique?
Median gross rent in Manistique is $653 a month, against $909 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Manistique — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Michigan.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.