ZIP Code · WI

ZIP 54220

Part of Manitowoc, WI

Pop. 40,949·Manitowoc County·90th most expensive ZIP in Wisconsin

Median rent (all units)

$1,097/mo

Year-over-Year

Stable

Month-over-Month

+2.3%

vs US Median

-$835

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 54220 · $1,097

More affordable than 95% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$740

1 BR

$740

2 BR

$970

3 BR

$1,170

4 BR+

$1,290

Research median

$970/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($66,035) is $1,651 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,290).

From Zillow's monthly rent index (ZORI) for ZIP 54220. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,164/yr

At $1,097/mo median

Location

CityManitowoc

StateWI

CountyManitowoc County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +2.3% MoM), not inventory.

Demographics

Who lives here

ZIP 54220 (Manitowoc, WI) is majority owner-occupied, has a large retiree population, has a median income below the national average, 24.6% of residents hold a bachelor's degree or higher.

Population

40,949

Median income

$66,035

Median age

44.2

Renters

28.5%

Age distribution

20.3%

18.9%

22.8%

15.4%

22.6%

Under 1820.3%

18–3418.9%

35–5422.8%

55–6415.4%

65+22.6%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

86.3%

White86.3%

Black1.3%

Hispanic6%

Asian4%

Other2.3%

Education (25+)

34.5%

32.1%

24.6%

No HS diploma8.8%

HS diploma34.5%

Some college32.1%

Bachelor's+24.6%

Housing tenure

71.5%

28.5%

Owner71.5%

Renter28.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 54220 in Manitowoc, WI has changed in 5 years

Income

$58,021 → $66,035

up 13.8%

Population

40,327 → 40,949

up 1.5%

Renter share

30.9% → 28.5%

-2.4 pts

Bachelor's+

23.8% → 24.6%

+0.8 pts

On the earnings side, the typical household in ZIP 54220 in Manitowoc, WI now reports about $66,035, up from $58,021 in 2021. Headcount in the area went from 40,327 to 40,949 between 2021 and 2024, a 1.5% change. About 28.5% of households rent today, against 30.9% in 2021.

Community

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Local insights

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About renting in ZIP 54220

Last updated: September 25, 2026

ZIP code 54220 covers Manitowoc, WI. The median rent here is $1,097/mo as of September 2026. A 1-bedroom rents for a median of $740/mo. A 2-bedroom rents for a median of $970/mo.

At 20% of local median household income ($66,035/yr), ZIP 54220 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 54220?

To keep rent at or below 30% of gross income, you would need to earn at least $44,000/year (about $21/hour full-time) to afford the median rent of $1,097/mo in ZIP 54220. The local median household income is $66,035/yr, so the typical household meets that bar.