Manchester, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Manchester Neighborhoods Since 2000




Manchester, IA 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 5,073, 2,136 total housing units (homes and apartments), and a median house value of $117,905, 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 74.69% 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 ( 11.83%), large apartment complexes or high rise apartments ( 6.27%), and a few mobile homes or trailers ( 4.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manchester. Owner-occupied housing accounts for 67.79% of Manchester's homes, and 47.22% have either three or four bedrooms, which is average sized relative to America.

The housing in Manchester was primarily built before 1939 ( 35.91%), 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 ( 30.86%), followed by between 1940-1969 ( 26.83%). There's also some housing in Manchester built between 2000 and later ( 6.40%).

Manchester Home Appreciation Rates

In the last 10 years, Manchester has experienced some of the highest home appreciation rates of any community in the nation. Manchester real estate appreciated 16.51% over the last ten years, which is an average annual home appreciation rate of 1.54%, putting Manchester in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Manchester definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 3.04%, 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 0.99%, which equates to an annual appreciation rate of 4.00%.

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:
$117,905

Manchester, IA HOME PRICES

Value Range
> $1,103,000 0.0
$827,001 - $1,103,000 0.0
$551,001 - $827,000 0.0
$441,001 - $551,000 0.0
$331,001 - $441,000 2.2
$221,001 - $331,000 5.0
$110,001 - $221,000 36.4
$55,001 - $110,000 43.9
$0 - $55,000 12.5

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
66.711590296496 57.037037037037

Number Of Homes And Apartments:
2,136

Manchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
36.59% 1.82% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$729 / per month

Homeownership Rate

Homeownership
Owners 67.79
Renters 32.21
Vacant 9.45

Housing Market Details

 

Age of Homes

AGE OF Manchester HOMES
2000 or Newer 6.4
1970 - 1999 30.9
1940 - 1969 26.8
1939 or Older 35.9

Types of Homes

TYPE OF Manchester HOMES
Single-Family 74.7
Townhomes 3.2
Small Apt. Buildings 11.8
Apt. Complexes 6.3
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Manchester HOMES
No Bedroom 0.68
1 Bedroom 10.00
2 Bedrooms 33.66
3 Bedrooms 37.13
4 Bedrooms 10.09
5 or more bedrooms 8.44

Popular Neighborhoods in Manchester

Zip Codes in Manchester, IA