North Manchester, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating North Manchester Neighborhoods Since 2000




North Manchester, IN 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

North Manchester Housing Market Information

With 5,971 people, 2,315 houses or apartments, and a median cost of homes of $89,431, house prices in North Manchester are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in North Manchester, accounting for 68.34% of the town's housing units. Other types of housing that are prevalent in North Manchester include duplexes, homes converted to apartments or other small apartment buildings ( 11.83%), large apartment complexes or high rise apartments ( 10.06%), and a few mobile homes or trailers ( 5.13%).

The most prevalent building size and type in North Manchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 47.87% owning and 52.13% renting.

The housing in North Manchester was primarily built before 1939 ( 33.36%), making the housing stock in North Manchester some of the oldest overall in America, although there is a range of ages of homes in North Manchester. The next most important housing age is between 1970-1999 ( 33.28%), followed by between 1940-1969 ( 30.40%). There's also some housing in North Manchester built between 2000 and later ( 2.96%).

North Manchester Home Appreciation Rates

North Manchester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Manchester during the period has been just -1.12%, which is lower than 70% of US communities.

Over the last year, North Manchester appreciation rates have trailed the rest of the nation. In the last twelve months, North Manchester's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Manchester were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Indiana, our data show that North Manchester's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$89,431

North Manchester, IN HOME PRICES

Value Range
> $1,032,000 0.0
$774,001 - $1,032,000 0.0
$516,001 - $774,000 0.0
$413,001 - $516,000 0.0
$310,001 - $413,000 0.0
$206,001 - $310,000 2.7
$103,001 - $206,000 37.1
$52,001 - $103,000 53.1
$0 - $52,000 7.1

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
84.3929450369155 84.841628959276

Number Of Homes And Apartments:
2,315

North Manchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
5.27% 0.30% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$817 / per month

Homeownership Rate

Homeownership
Owners 47.87
Renters 52.13
Vacant 8.71

Housing Market Details

 

Age of Homes

AGE OF North Manchester HOMES
2000 or Newer 3.0
1970 - 1999 33.3
1940 - 1969 30.4
1939 or Older 33.4

Types of Homes

TYPE OF North Manchester HOMES
Single-Family 68.3
Townhomes 4.7
Small Apt. Buildings 11.8
Apt. Complexes 10.1
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF North Manchester HOMES
No Bedroom 1.77
1 Bedroom 13.76
2 Bedrooms 32.49
3 Bedrooms 38.05
4 Bedrooms 10.45
5 or more bedrooms 3.47

Popular Neighborhoods in North Manchester

Zip Codes in North Manchester, IN