HousingHandbookReference data

U.S. ZIP Code · WI54241

Manitowoc County

Typical home value

$224,690[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.8%
5-year / yr
+7.1%
10-year / yr
+7.4%

Relative price

vs U.S.
-20.9%
vs metro
vs state
-26.4%
ZIP 54241 location in WI
Location of ZIP 54241 in WI

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 54241 is worth $224,690. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,096 a month — a 5.9% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,096[2]
Gross yield
5.9%[2]
Cap rate
3.5%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.4%[3]
Typical annual tax
$3,124[3]

#Climate risk

FEMA National Risk Index ratings for Manitowoc County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Very Low
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively Moderate

#Who lives here

Population
14,120[3]
Median household income
$61,014[3]

#Migration

Household moves in and out of Manitowoc County over a year, from IRS tax-return data.

Net migration
-1[5]
Moved in
1,480
Moved out
1,481

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
2
Middle
1
High
1
  • Two Rivers High

    High · Grades 9–12 · Two Rivers Public School District

    477 students

  • Clarke Middle

    Middle · Grades 5–8 · Two Rivers Public School District

    428 students

  • Magee Elementary

    Elementary · Grades PK–4 · Two Rivers Public School District

    342 students

  • Koenig Elementary

    Elementary · Grades PK–4 · Two Rivers Public School District

    321 students

  • Lighthouse Learning Academy

    Other · Grades PK–12 · Two Rivers Public School District

    280 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield5.9%
Net yield (after ~40% expenses)3.5%
Annual rent$13,151

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,136
Loan principal$179,752
Down payment$44,938
Total interest paid$229,264

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.45
Monthly cost to own$1,584
Monthly rent$1,096

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 54241?
The typical home in 54241 is worth $224,690, based on the Zillow Home Value Index.
Are home values rising in 54241?
Home values in 54241 are up 1.8% over the past year, and up 7.1% a year over five years.
What is the typical rent in 54241?
A typical home in 54241 rents for about $1,096 a month, a gross rental yield of 5.9%.
What is the property tax rate in 54241?
The effective property tax rate in 54241 is 1.4% — roughly $3,124 a year on a typical home.
Who lives in 54241?
ZIP code 54241 has a population of 14,120 and a median household income of $61,014.

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