Manhattan, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Manhattan, KS 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 Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Manhattan Housing Market Information

With a population of 54,832, 20,600 total housing units (homes and apartments), and a median house value of $188,026, Manhattan real estate is some of the most expensive in Kansas, although Manhattan home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Manhattan, accounting for 41.78% of the city's housing units. Other types of housing that are prevalent in Manhattan include large apartment complexes or high rise apartments ( 34.60%), duplexes, homes converted to apartments or other small apartment buildings ( 11.82%), and a few row houses and other attached homes ( 7.54%).

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

There is a lot of housing in Manhattan built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Manhattan built between 1940-1969 ( 23.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.16%). There's also some housing in Manhattan built before 1939 ( 8.55%).

Vacant housing appears to be an issue in Manhattan. Fully 11.66% of the housing stock is classified as vacant. Left unchecked, vacant Manhattan homes and apartments can be a drag on the real estate market, holding Manhattan real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Manhattan Home Appreciation Rates

Real estate appreciation rates in Manhattan's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.80% during the period.

Over the last year, Manhattan appreciation rates have trailed the rest of the nation. In the last twelve months, Manhattan's appreciation rate has been -0.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manhattan were at 1.53%, which equates to an annual appreciation rate of 6.25%.

Relative to Kansas, our data show that Manhattan's latest annual appreciation rate is lower than 90% of the other cities and towns in Kansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Manhattan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manhattan - 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 Manhattan real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$188,026

Manhattan, KS HOME PRICES

Value Range
> $1,032,000 0.0
$774,001 - $1,032,000 0.9
$516,001 - $774,000 2.6
$413,001 - $516,000 1.7
$310,001 - $413,000 7.4
$206,001 - $310,000 30.6
$103,001 - $206,000 44.4
$52,001 - $103,000 5.4
$0 - $52,000 7.0

Very High for KS
Average for Nation

Value Relative to Nation Value Relative to State
41.6875912408759 14.4876325088339

Number Of Homes And Apartments:
20,600

Manhattan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
68.24% 2.74%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,035 / per month

Homeownership Rate

Homeownership
Owners 35.14
Renters 64.86
Vacant 11.66

Housing Market Details

 

Age of Homes

AGE OF Manhattan HOMES
2000 or Newer 23.2
1970 - 1999 44.6
1940 - 1969 23.7
1939 or Older 8.6

Types of Homes

TYPE OF Manhattan HOMES
Single-Family 41.8
Townhomes 7.5
Small Apt. Buildings 11.8
Apt. Complexes 34.6
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Manhattan HOMES
No Bedroom 8.90
1 Bedroom 12.86
2 Bedrooms 28.38
3 Bedrooms 27.39
4 Bedrooms 15.51
5 or more bedrooms 6.96