Mortgage Calculator & Closing Costs: Manitowoc, WI
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Manitowoc, Wisconsin.
Median Home Price
$165K
Population
33K
Avg Monthly Rent
$820
Property Tax Rate
1.76% *
* Property tax shown is the Wisconsin state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Manitowoc.
Manitowoc vs Wisconsin Median
The median home price in Manitowoc is $165,000, which is 41% below the Wisconsin state median of $280,000.
Mortgage Calculator — Manitowoc, WI
Pre-filled with Manitowoc median home price and Wisconsin tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $165K home using Wisconsin's 1.76% tax rate and $1,300/yr insurance.
5% Down
$1,433/mo
Down: $8,250
Loan: $157K
P&I: $991
Tax: $242
Insurance: $108
PMI: $91
10% Down
$1,376/mo
Down: $16,500
Loan: $149K
P&I: $939
Tax: $242
Insurance: $108
PMI: $87
20% Down (No PMI)
$1,185/mo
Down: $33,000
Loan: $132K
P&I: $834
Tax: $242
Insurance: $108
Income needed (28% rule): $51K/year with 20% down, $59K/year with 10% down.
Rent vs Buy in Manitowoc
Rent
$820/mo
vs
Buy (10% down)
$1,376/mo
Price-to-rent ratio: 16.8 — A ratio between 15-20 means the rent vs buy decision in Manitowoc depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Manitowoc is $165,000, 41% below the Wisconsin state median of $280,000. With a population of 32,537, Manitowoc is a smaller market where home prices tend to be more accessible than in many parts of Wisconsin.
Property taxes in Wisconsin average 1.76% annually. This higher-than-average tax rate means a $165,000 home in Manitowoc would carry roughly $242/month in property taxes alone — plan accordingly. Homeowners insurance in Wisconsin runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Manitowoc is $820/month. The price-to-rent ratio in Manitowoc is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Manitowoc offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Wisconsin's WHEDA First-Time Advantage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Manitowoc.