Rent to own Homes in Manitowoc, WI
Manitowoc, WI was built in the great movement westward in the early 1800s, with the first European settlers arriving in 1820. This beautiful Midwestern area is home to many different types of recreation, including museums and zoos, while being close enough to drive to larger cities like Green Bay. Continue the frontier tradition by making your home here and starting your own adventure.
Manitowoc, WI is a great place for affordable rent-to-own homes! With a median household income of over $51,563 and a median rent of $672, the Manitowoc, WI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Manitowoc, WI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Manitowoc, WI is seeing rapid growth and Manitowoc, WI's' housing market remains optimal with an average home price that is -49% below the 2024 national average. Manitowoc, WI is part of Manitowoc county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Manitowoc is 1.9% which is above the national average, which is 0.99%.
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7 Reasons Manitowoc, WI Is a Great Place to Live
Space milestone! One interesting item found in Manitowoc is something that only this town can claim --part of a Russian satellite. A portion of Sputnik 4 fell in Manitowoc due to a malfunction in the satellite, and its earthly resting place is marked on North 8th Street. A cast of the original piece is also found in the Rahr-West Art Museum.
Live near the city but in a small town! Manitowoc makes a great spot to find a rent to own home, due to the fact that it's located close to Green Bay and other cities, like Sheboygan. The average home for rent here has over two bedrooms, and more than one bath, with rental costs around $600, less than Wisconsin average. You don't need to leave Manitowoc for work, however, as the town is also the site of industries, such as the Manitowoc Company.
Great deals on housing! Manitowoc is a great place to buy a home. The cost of living is low, and the average cost of a house here is lower than in the rest of Wisconsin. This doesn't mean that it's not a good place to invest, however, as the value of houses in the area have still increased about $20,000 in the last 12 years.
Enjoy the museums! For a city of less than 34,000, Manitowoc has a lot of museums per capita. Enjoy the sights at the Rahr West Art Museum, which has art ranging from the 15th century through modern times, housed in a 19th century mansion. Or, learn about boating and other watercraft at the Wisconsin Maritime Museum.
Parks and recreation! Along with the many small municipal parks and recreation areas, enjoy the Lincoln Park Zoo, also run by the Manitowoc Parks and Recreation department. This year-round zoo offers tours and trips for all ages.
Live in four seasons! The climate in Manitowoc, WI is diverse and a bit cooler than the United States average. Chilly temps of around 10 degrees in the winter give way to warm 80 degree summers, making for a full seasonal experience. Be sure to check out the Henry Schuette Park and Manitou Park during the warmer months.