Total monthly cost of ownership
Cost to Own a Home in Manitowoc, Wisconsin
A $144,000 home here costs
$1,344per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $740. The real number is $604 higher every month — 82% 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.
Manitowoc against Manitowoc County and Wisconsin
| Measure | Manitowoc | Manitowoc County |
|---|---|---|
| Median home value | $143,900 | $172,900 |
| Median property tax | $2,412 | $2,660 |
| Effective tax rate | 1.676% | 1.538% |
| Median gross rent | $787 | $777 |
| Population | 34,553 | 81,314 |
The weather behind that power bill
Manitowoc sits in Manitowoc County, which averages a high of 75.8°F in its hottest month and a low of 12.0°F in its coldest, with 32.03" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 282 cooling and 7,779 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Manitowoc County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Manitowoc County
Full Manitowoc County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Manitowoc?
A $144,000 home in Manitowoc, Wisconsin costs approximately $1,344 per month with 20% down at 6.66%. That is $740 principal and interest, $201 property tax, $37 homeowners insurance, $245 utilities and $120 set aside for maintenance.
What is the property tax rate in Manitowoc?
Manitowoc has an effective property tax rate of 1.676%, based on a median home value of $143,900 and median real estate taxes of $2,412. That is higher than the Manitowoc County average of 1.538%.
What is the average home price in Manitowoc?
The median owner-occupied home value in Manitowoc, Wisconsin is $143,900, against $172,900 across Manitowoc County.
Is it cheaper to rent or buy in Manitowoc?
Median gross rent in Manitowoc is $787 a month, against $1,344 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 Manitowoc — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Wisconsin.
- 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.