There are many different housing options in Mancelona including condominiums for sale, downtown homes for sale, land lover homes for sale, luxury homes for sale, and waterfront homes for sale.
Real Estate Statistics
| Average Price | $265K |
|---|---|
| Lowest Price | $50K |
| Highest Price | $1.2M |
| Total Listings | 83 |
| Avg. Days On Market | 60 |
| Avg. Price/SQFT | $214 |
Property Types (active listings)
Browse Mancelona Real Estate Listings
- All Listings
- Under $100,000
- $100,000 - $200,000
- $200,000 - $300,000
- $300,000 - $400,000
- $400,000 - $500,000
- $500,000 - $600,000
- $600,000 - $700,000
- $700,000 - $800,000
- $800,000 - $900,000
- $900,000 - $1,000,000
- Over $1,000,000
Mancelona, MI Homes for Sale – Discover 21 Reasons Why This Hidden Gem Should Be on Your Radar
Introduction to Mancelona Real Estate
Tucked in the heart of Northern Michigan, Mancelona is a small town with a big personality. With rolling hills, thick woodlands, and pristine lakes surrounding this picturesque village, Mancelona has quietly become a hotspot for homebuyers seeking affordability, tranquility, and access to outdoor adventure.
Whether you're a first-time buyer, investor, or just hunting for that dream cabin up north, Mancelona, MI homes for sale offer diverse opportunities at a price point that won’t break the bank. With steady growth and community-focused living, it's no wonder real estate in this area is gaining serious momentum.
Location Overview
Located in Antrim County, Mancelona lies just 45 minutes northeast of Traverse City. It serves as a convenient gateway to the Chain of Lakes, Boyne Mountain Resort, and Shanty Creek, making it ideal for outdoor lovers and seasonal homeowners.
Nearby cities like Bellaire, Kalkaska, and Gaylord are just a short drive away, offering everything from ski slopes and golf courses to boutique shopping and craft breweries.
Why Buyers Are Turning to Mancelona
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Affordability Compared to Other MI Markets
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Low Property Taxes
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Quiet, Small-Town Charm
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Access to Year-Round Recreation
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Growing Local Economy
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Community-Driven Lifestyle
The rise in remote work has added fuel to Mancelona’s real estate market, drawing buyers seeking value and space, without sacrificing access to modern amenities.
Neighborhoods and Communities in Mancelona
Downtown Mancelona
The heart of the village features historic architecture, mom-and-pop shops, local diners, and walkable streets. A charming place to live for those wanting community connection.
Lakes of the North
A well-known resort community that offers residents access to a golf course, private airport, indoor pool, trails, and more. Perfect for second homes and short-term rentals.
Shanty Creek Resorts Vicinity
Though technically in nearby Bellaire, properties just outside Shanty Creek attract buyers for their proximity to year-round resort-style living.
Rural Estates and Acreage Opportunities
Buyers looking for seclusion and space will appreciate homes on larger parcels—great for hunting, farming, or simply privacy.
Types of Homes for Sale in Mancelona
Single-Family Homes
Traditional two- and three-bedroom homes line the village streets and rural backroads. Many offer garages, finished basements, and acreage.
Waterfront Properties
While not on Lake Charlevoix or Torch Lake, Mancelona offers access to Smaller lakes and rivers, such as the Jordan River and Lake Harold.
Log Cabins and Cottages
Perfect for vacationers or minimalist living, rustic log homes offer cozy retreats with wood-burning stoves and wraparound porches.
Modern Builds vs Historic Homes
You’ll find a mix of newer constructions with smart-home features and older homes with character-rich architecture, ripe for restoration.
Mancelona Market Trends and Forecast
Median Home Prices and Comparisons
As of Q2 2025, Mancelona’s median home price is around $175,000, a fraction of Traverse City’s $450K average. This makes it incredibly attractive to budget-conscious buyers.
Inventory and Time on Market
Low inventory creates competition, but average days on market hovers around 45–60 days, giving buyers some breathing room compared to urban hotspots.
Seasonal Buying Opportunities
Winter typically sees slower activity, while spring and fall attract both tourists and serious buyers. Investors should watch for off-season deals.
Lifestyle Benefits of Living in Mancelona
Cost of Living
Living in Mancelona costs roughly 20% less than the national average, making it ideal for retirees, young families, and remote workers.
Outdoor Recreation and Nature Access
Skiing, snowmobiling, hiking, kayaking—you name it. Residents enjoy four seasons of outdoor fun in their own backyard.
Family-Friendly Living
The community is tight-knit, with school sports, town festivals, and local parades. It's a great place to raise kids with a slower pace of life.
Safety and Community Atmosphere
Low crime rates and friendly neighbors give the village a sense of security and belonging often lost in larger cities.
Investment Potential and ROI Insights
Short-Term Rental Viability
Vacationers looking to explore Northern Michigan have made Mancelona an emerging short-term rental market. Homes in Lakes of the North and near Shanty Creek rent well in all seasons.
Long-Term Appreciation Forecast
While still undervalued, prices have risen nearly 30% since 2020, and the trend points upward due to increased demand and infrastructure investments.
Affordable Entry Points for First-Time Investors
With many homes under $200K, Mancelona is prime for entry-level investment. Rental income often covers mortgage and expenses.
Education, Health & Amenities
Local Schools and Academic Options
Mancelona Public Schools provide solid education, while nearby Charlevoix and Traverse City offer private and charter options.
Access to Healthcare Facilities
While small, the village has clinics and urgent care. Full hospitals are within 25–30 minutes in Gaylord and Kalkaska.
Shopping, Dining, and Entertainment
You’ll find local diners, general stores, and outdoor outfitters. For more options, residents head to Gaylord or Bellaire.
Real Estate Process in Mancelona
How to Get Pre-Approved in Northern Michigan
Start with local lenders who understand rural property values and seasonal income potential if buying a vacation home.
Choosing a Real Estate Agent You Can Trust
Work with professionals who know Northern Michigan's nuances, including zoning for rentals and septic/well regulations.
âś… Brook Walsh is a trusted local expert.
Navigating Inspections, Appraisals, and Closing
Rural properties often require well, septic, and radon inspections, so hire agents who guide you through the due diligence.
Financing Options Available for Mancelona Buyers
FHA, VA, and USDA Loans in Rural MI
USDA loans are popular in Mancelona due to the rural designation—allowing buyers to purchase with zero down.
Down Payment Assistance Programs
Michigan State Housing Development Authority (MSHDA) offers up to $10,000 in down payment help for eligible buyers.
Northern Michigan-Specific Loan Insights
Local banks may offer portfolio loans better suited to seasonal and investment properties.
Mancelona vs Nearby Markets
Mancelona vs Bellaire
Bellaire is more touristy and higher priced. Mancelona offers more land and peace without the premium.
Mancelona vs Kalkaska
Both rural, but Mancelona is quieter and closer to Lakes of the North amenities.
Mancelona vs Gaylord
Gaylord has more infrastructure but higher prices. Mancelona is less congested and more affordable.
Frequently Asked Questions
Q. What’s the average home price in Mancelona?
A. As of 2025, around $175,000, depending on location, acreage, and amenities.
Q. Are there waterfront homes available?
A. Yes—properties near Lake Harold and within Lakes of the North provide waterfront or water-access living.
Q. Is Mancelona a good place to raise a family?
A. Absolutely. It's safe, affordable, and community-oriented with outdoor recreation year-round.
Q. Can I find vacation homes here?
A. Yes, from rustic cabins to turnkey investment rentals in resort areas.
Q. What kind of properties qualify for short-term rentals?
A. Lakes of the North and rural homes outside city limits typically allow Airbnb or VRBO use—check zoning.
Q. How’s the rental income potential in Mancelona?
A. Peak seasons (winter and summer) drive strong occupancy, especially for homes near Shanty Creek and the lake.
Final Thoughts: Why Mancelona is a Smart Move
Mancelona offers the perfect trifecta—affordability, lifestyle, and investment potential. Whether you're looking to relocate, invest, or escape for the weekend, this gem of a town is shining brighter every season.
If you're ready to start your search, there's never been a better time to explore homes for sale in Mancelona, MI.
Continue Your Northern Michigan Real Estate Search
Explore homes and real estate in the Northern Michigan communities below or contact Brook Walsh to help you with your search.
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