Real Estate Investing in Manitowoc, Wisconsin (54220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 54220 (Manitowoc, WI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Manitowoc, WI (54220)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 54220 Manitowoc
This part of Manitowoc County is not an easy win. The 54220 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On the rental side, the numbers look inviting — $247K purchase price, 0.0% nominal cap — the work to hit that pro forma in 54220 is substantial and deserves full respect.
Regionally, 54220 sits on the difficult end of the WI spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
On balance, 40,739 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 54220 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Manitowoc:
Property Strategy for 54220
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $133,526 | $740 | 4.0% | +13.5% | $133,526 |
| 2BR | $180,581 | $970 | 3.9% | +12.2% | $90,290 |
| 3BR | $225,715 | $1,170 | 3.7% | +11.1% | $75,238 |
| 4BR | $246,779 | $1,290 | 3.8% | +11.1% | $61,695 |
| 5BR | $264,430 | — | — | +11.1% | $52,886 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 54220 Compare?
| Metric | 54220 | Manitowoc | Manitowoc, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $246,579 | $246,579 | N/A | $320,446 |
| 5-Year CAGR | 9.6% | 9.6% | N/A | 7.3% |
| Avg Rent | $1,076 | $1,076 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 54220 (Manitowoc, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,579 |
| Monthly Rent | $1,076 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +9.6% ▲ |
| 5-Year CAGR | +9.6% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 54220
Population: 40,739
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 54220
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,201 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking work in Manitowoc, WI?
House hacking in Manitowoc, WI is a challenging. With home values around $247K and rents at $1,076/mo, owner-occupants can offset a meaningful share of PITI.
How strict are landlord regulations in Manitowoc, WI?
WI ranks as a landlord-friendly state for landlord-tenant law. Manitowoc generally follows the statewide framework, so landlords face reasonable operating rules.
What is the renter demographic in Manitowoc, WI?
Expect a solid tenant pool in Manitowoc, WI. The rental market absorbs $1,076/mo rents without meaningful friction.
How much do tenants pay in Manitowoc, WI?
Average rent in Manitowoc, WI is approximately $1,076/mo per month. Against $247K home values that yields a reasonable rent-to-price ratio.
What is the median home value in Manitowoc, WI?
Median home price in Manitowoc, WI is near $247K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
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How 54220 ranks in Manitowoc, WI
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