Manhattan, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manhattan Neighborhoods Since 2000




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 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

Manhattan Housing Market Information

With 56,308 people, 20,722 houses or apartments, and a median cost of homes of $200,588, 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 40.08% of the city's housing units. Other types of housing that are prevalent in Manhattan include large apartment complexes or high rise apartments ( 36.13%), duplexes, homes converted to apartments or other small apartment buildings ( 12.00%), and a few row houses and other attached homes ( 7.04%).

Manhattan is dominated by renter-occupied one, two, or no bedrooms apartments. 65.71% of Manhattan's dwellings are rentals.

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 ( 23.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.80%). There's also some housing in Manhattan built before 1939 ( 10.57%).

Manhattan Home Appreciation Rates

Appreciation rates for homes in Manhattan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.45%, which ranks in the top 40% nationwide. This equates to an annual average Manhattan house appreciation rate of 0.81%.

NeighborhoodScout's data show that during the latest twelve months, Manhattan's appreciation rate, at 3.31%, has been at or slightly above the national average. In the latest quarter, Manhattan's appreciation rate has been 1.47%, which annualizes to a rate of 6.03%.

Relative to Kansas, our data show that Manhattan's latest annual appreciation rate is lower than 60% 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:
$200,588

Manhattan, KS HOME PRICES

Value Range
> $1,073,000 0.1
$805,001 - $1,073,000 1.0
$537,001 - $805,000 2.1
$429,001 - $537,000 1.6
$322,001 - $429,000 6.2
$214,001 - $322,000 29.3
$107,001 - $214,000 46.5
$54,001 - $107,000 5.4
$0 - $54,000 7.7

Very High for KS
High for Nation

Value Relative to Nation Value Relative to State
32.0930505097855 8.15602836879433

Number Of Homes And Apartments:
20,722

Manhattan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
70.99% 3.16% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$940 / per month

Homeownership Rate

Homeownership
Owners 34.29
Renters 65.71
Vacant 9.38

Housing Market Details

 

Age of Homes

AGE OF Manhattan HOMES
2000 or Newer 20.8
1970 - 1999 45.3
1940 - 1969 23.3
1939 or Older 10.6

Types of Homes

TYPE OF Manhattan HOMES
Single-Family 40.1
Townhomes 7.0
Small Apt. Buildings 12.0
Apt. Complexes 36.1
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Manhattan HOMES
No Bedroom 16.78
1 Bedroom 11.88
2 Bedrooms 24.85
3 Bedrooms 25.03
4 Bedrooms 15.20
5 or more bedrooms 6.26