ZIP Code Market Report
49854 — Manistique, MI
Data through February 2026 · Updated monthly
Avg Home Value
$185,281
▲ 10.0% year-over-year
Month-over-Month
+1.2%
▲ 1.2%
Single Family
$181,201
Condo / Co-op
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The average home value in the 49854 ZIP code (Manistique, MICHIGAN) is $185,281 as of February 2026. Home prices are rising, up 10.0% compared to last year.
The market in 49854 has a $197,041 spread between bottom-tier homes at $102,502 and top-tier homes at $299,544. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Schoolcraft County market area in MICHIGAN. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Schoolcraft County report.
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Market Snapshot
49854 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $183,575 | $183,088 | $185,281 | ▲ 0.9% |
| Single Family Value | $176,439 | $178,537 | $181,201 | ▲ 2.7% |
Home Values
49854 Home Value Trend
Historical home values for ZIP code 49854. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 49854
How different property types compare in this ZIP code.
All Homes
$185,281
Single Family
$181,201
Bottom Tier
$102,502
Top Tier
$299,544
Data Sources and Methodology
Home value data for ZIP code 49854 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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