Manchester, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Manchester, IA Real Estate Data


Manchester Housing Market Information

With a population of 5,073, 2,201 total housing units (homes and apartments), and a median house value of $117,611, house prices in Manchester are solidly below the national average.

Single-family detached homes are the single most common housing type in Manchester, accounting for 73.85% of the city's housing units. Other types of housing that are prevalent in Manchester include duplexes, homes converted to apartments or other small apartment buildings ( 12.11%), large apartment complexes or high rise apartments ( 9.36%), and a few row houses and other attached homes ( 3.26%).

The most prevalent building size and type in Manchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.99% owning and 36.01% renting.

The housing in Manchester was primarily built before 1939 ( 36.13%), making the housing stock in Manchester some of the oldest overall in America, although there is a range of ages of homes in Manchester. The next most important housing age is between 1970-1999 ( 28.86%), followed by between 1940-1969 ( 27.28%). There's also some housing in Manchester built between 2000 and later ( 7.73%).

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 17.09%, which ranks in the top 30% nationwide. This equates to an annual average Manchester house appreciation rate of 1.59%.

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 3.73%, 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 -0.32%, which equates to an annual appreciation rate of -1.26%.

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

Relative to Iowa, our data show that Manchester's latest annual appreciation rate is lower than 70% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$117,611

Manchester, IA HOME PRICES

Value Range
> $1,136,000 0.0
$852,001 - $1,136,000 0.0
$568,001 - $852,000 0.0
$454,001 - $568,000 0.0
$341,001 - $454,000 3.0
$227,001 - $341,000 5.3
$113,001 - $227,000 37.8
$57,001 - $113,000 45.3
$0 - $57,000 8.6

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
67.740235404345 59.2592592592593

Number Of Homes And Apartments:
2,201

Rent & Ownership

 

Average Market Rent:
$845 / per month

Homeownership Rate

Homeownership
Owners 63.99
Renters 36.01
Vacant 8.06

Housing Market Details

 

Age of Homes

AGE OF Manchester HOMES
2000 or Newer 7.7
1970 - 1999 28.9
1940 - 1969 27.3
1939 or Older 36.1

Types of Homes

TYPE OF Manchester HOMES
Single-Family 73.9
Townhomes 3.3
Small Apt. Buildings 12.1
Apt. Complexes 9.4
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Manchester HOMES
No Bedroom 3.26
1 Bedroom 11.11
2 Bedrooms 31.95
3 Bedrooms 34.42
4 Bedrooms 12.11
5 or more bedrooms 7.14

Manchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
35.29% 1.79% 3 4
* 10 is highest

Popular Neighborhoods in Manchester

Zip Codes in Manchester, IA