Manistique, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Manistique short-term rental market based on reliable data.

Listings

33 / 96

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$29,572

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$192,281

Median Home Sale Price

Top Earners

$58,799

Top-Earners Revenue

Manistique

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Manistique.

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C

Challenging to Investors

Manistique Regulations

Munising allows STRs only as conditional uses with caps in some districts (H‑2=5, T=10) and requires detailed CUP and site plan submittals, ongoing filings, and strict enforcement (third violation triggers revocation). A two‑year moratorium on new city permits further limits entry and adds uncertainty, while the ban on signage and the 24/7 local contact requirement raise compliance burden and risk.

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About Manistique

Manistique is a small city on the northern shore of Michigan's Upper Peninsula, situated in Schoolcraft County where the Manistique River empties into Lake Michigan. With a population of roughly 3,000 residents, the community has the quiet, outdoors-oriented character typical of historic Upper Peninsula lake towns, serving as a longstanding gateway to some of the most scenic stretches of the Lake Michigan shoreline and the forests beyond. The nearest major city is Green Bay, Wisconsin, located approximately 150 miles to the south-southwest, while the regional hub of Marquette sits about 130 miles to the northwest along the Lake Superior coast. Travelers and seasonal visitors tend to use Manistique as a staging point for exploring the surrounding county, the Hiawatha National Forest, and the broader eastern Upper Peninsula.

Just north of town, Pictured Rocks National Lakeshore stretches for roughly 40 miles along the Lake Superior coast and is one of the most photographed landscapes in the Midwest, known for its sandstone cliffs stained with mineral seepage, cascading waterfalls, and the broad sandy beaches of the lakeshore's inland side. From Manistique, the drive to the Munising gateway is approximately 55 to 60 miles, or just over an hour, and visitors commonly use the city as an overnight base before or after a day exploring the park's trails, boat cruises, and overlooks.

About 30 miles south of Manistique, Palms Book State Park protects Kitch-iti-kipi, Michigan's largest natural freshwater spring, a 200-foot-wide pool of remarkably clear emerald water through which visitors can glimpse ancient tree trunks and bubbling vents from a self-operated observation raft. The park is a quick and easy half-day excursion and pairs naturally with a stop at the historic logging town of Fayette, part of Fayette Historic State Park in neighboring Delta County, where well-preserved nineteenth-century iron-smelting buildings sit on a quiet bay of Lake Michigan roughly 80 miles to the southwest.

Within the city itself, the Manistique Boardwalk and the nearby East Breakwater Light offer a small-scale waterfront experience, while the surrounding waters of Lake Michigan and the inland lakes of Schoolcraft County support fishing, kayaking, and snowmobiling in their respective seasons. A short drive east brings visitors into the heart of the Hiawatha National Forest, a million-plus-acre expanse of hardwood and pine that defines the everyday backdrop of life in this part of the peninsula.

For short-term rental owners, Manistique offers a compelling combination of small-town affordability, four-season outdoor appeal, and proximity to marquee destinations like Pictured Rocks that draw visitors from across the Midwest. Its position as a natural waypoint between Green Bay and Marquette, paired with the steady traffic generated by the surrounding state and national attractions, makes it a logical and inviting base for travelers exploring Michigan's remarkable Upper Peninsula.

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