The story of this market
The typical home in ZIP 54220 sells for about $265,000, or $145 per square foot.
Prices are up +11.6% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $810 a month.
ZIP 54220 — Manitowoc
The 54220 housing market is experiencing healthy price appreciation and steady demand, with a 11.6% year-over-year increase in home values. Low inventory levels relative to buyer interest are driving competitive conditions, though the market remains accessible compared to larger urban centers. Figures for specific metrics like price-cut percentages are based on current market snapshots from Realtor.com and local census data.
This ZIP is well-suited for families and long-term residents seeking a stable, affordable cost of living with access to Lake Michigan amenities and a moderate commute to regional employment hubs.
Median prices moved up 11.6% year over year.
Homes spend a median of 58 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 11.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 54220, Manitowoc County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Manitowoc are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by the Manitowoc Public School District, which maintains a variety of elementary, middle, and high school options with generally stable performance ratings.
The region faces moderate risks related to winter weather and occasional flooding near the Lake Michigan shoreline, with standard insurance requirements for property owners.
The local economy is anchored by manufacturing, healthcare, and education sectors, with ongoing efforts to revitalize the downtown waterfront area.
Property taxes are assessed at the municipal and county levels, with rates determined by local school district levies and city budget requirements.
Residents primarily commute via personal vehicle, with major access provided by I-43 and local highways connecting to Green Bay and Sheboygan.
The area features extensive access to Lake Michigan, including the Manitowoc Marina, various public parks, and the Mariners Trail for walking and cycling.
The rental market shows steady demand with low vacancy rates, driven by a mix of long-term residents and a limited supply of new multi-family developments.
The economy is driven by a diverse mix of manufacturing, healthcare, and retail, with major employers including local medical centers and industrial manufacturing firms.
The area is served by a network of state highways and I-43, providing regional connectivity, though public transit options are limited.
Development is focused on infill projects and the continued improvement of the downtown district to attract new residents and businesses.
Parcels are subject to Manitowoc Public School District levies and local municipal utility districts.
Property insurance premiums are influenced by regional weather patterns, including winter storm risks and proximity to Lake Michigan.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major recreational boating hub on Lake Michigan.
Scenic paved trail along the Lake Michigan shoreline.
Large municipal park with sports facilities and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.