Manchester appreciation rates and housing market information

Manchester housing market information

With 107,006 people, 45,892 houses or apartments, and a median cost of homes of $232,601, Manchester real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Manchester, accounting for 37.14% of the city's housing units. Other types of housing that are prevalent in Manchester include large apartment complexes or high rise apartments (30.68%), duplexes, homes converted to apartments, or other small apartment buildings (28.06%), and a few row houses and other attached homes (3.77%).

People in Manchester primarily live in small (one, two, or no bedroom) single-family detached homes. Manchester has a mixture of owner-occupied and renter-occupied housing.

The housing in Manchester was primarily built before 1939 (34.70%), making the housing stock in Manchester some of the older overall in America, although there is a range of ages of homes in Manchester. The next most important Manchester housing age is 1940-1969 (31.15%), followed by 1970-1994 (30.17%). There's also some housing in Manchester built between 1995 and later (3.98%).

Manchester home appreciation rates

Appreciation rates for homes in Manchester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 78.04%, which ranks in the top 40% nationwide. This equates to an annual average Manchester house appreciation rate of 7.80%.

Over the last year, Manchester appreciation rates have trailed the rest of the nation. In the last twelve months, Manchester's appreciation rate has been -6.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manchester were at -0.90%, which equates to an annual appreciation rate of -3.60%.

Notably, Manchester's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Hampshire, our data show that Manchester's latest annual appreciation rate is higher than 11% of the other cities and towns in New Hampshire.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Manchester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manchester - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Manchester real estate investment or home purchase decisions.