Manchester, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manchester Neighborhoods Since 2000




Manchester, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Manchester Housing Market Information

With a population of 58,007, 24,141 total housing units (homes and apartments), and a median house value of $174,534, Manchester real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Manchester homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Manchester, accounting for 46.10% of the town's housing units. Other types of housing that are prevalent in Manchester include large apartment complexes or high rise apartments ( 27.28%), duplexes, homes converted to apartments or other small apartment buildings ( 18.20%), and a few row houses and other attached homes ( 8.32%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Manchester's housing was primarily built during this period, from the '40s through the '60s. A full 39.96% of the town's housing hails from this era. Other housing ages represented in Manchester include homes built between 1970-1999 ( 31.84%) and housing constructed before 1939 ( 20.32%). There's also some housing in Manchester built between 2000 and later ( 7.88%).

Manchester Home Appreciation Rates

Homes have actually lost value in Manchester over the last then years, as home values have seen a decline of 21.65% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Manchester home appreciation rates at -1.07%, which equates to an annual appreciation rate of -4.22%.

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 2.47%, 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 -1.07%, which equates to an annual appreciation rate of -4.22%.

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

Relative to Connecticut, our data show that Manchester's latest annual appreciation rate is higher than 80% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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 2000, to assist you in making the best Manchester real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$174,534

Manchester, CT HOME PRICES

Value Range
> $989,000 0.8
$741,001 - $989,000 0.3
$494,001 - $741,000 0.9
$395,001 - $494,000 3.2
$297,001 - $395,000 9.2
$198,001 - $297,000 26.5
$99,001 - $198,000 50.4
$50,001 - $99,000 6.1
$0 - $50,000 2.7

Very Low for CT
Average for Nation

Value Relative to Nation Value Relative to State
40.015234970116 93.491124260355

Number Of Homes And Apartments:
24,141

Manchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
20.25% 1.07% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,341 / per month

Homeownership Rate

Homeownership
Owners 55.01
Renters 44.99
Vacant 5.17

Housing Market Details

 

Age of Homes

AGE OF Manchester HOMES
2000 or Newer 7.9
1970 - 1999 31.8
1940 - 1969 40.0
1939 or Older 20.3

Types of Homes

TYPE OF Manchester HOMES
Single-Family 46.1
Townhomes 8.3
Small Apt. Buildings 18.2
Apt. Complexes 27.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Manchester HOMES
No Bedroom 1.52
1 Bedroom 13.47
2 Bedrooms 35.40
3 Bedrooms 35.83
4 Bedrooms 11.48
5 or more bedrooms 2.30