Manhattan, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



Map Loading GIF Please wait, loading your map...

Highest
Lowest




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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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, 20,740 total housing units (homes and apartments), and a median house value of $190,494, 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 41.66% of the city's housing units. Other types of housing that are prevalent in Manhattan include large apartment complexes or high rise apartments ( 34.91%), duplexes, homes converted to apartments or other small apartment buildings ( 11.88%), and a few row houses and other attached homes ( 7.15%).

Manhattan is dominated by renter-occupied one, two, or no bedrooms apartments. 65.97% 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 ( 24.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.92%). There's also some housing in Manhattan built before 1939 ( 8.96%).

Vacant housing appears to be an issue in Manhattan. Fully 10.61% 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

Manhattan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Manhattan during the period has been just 0.47%, which is lower than 70% of US communities.

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 -5.64%, 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 -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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:
$190,494

Manhattan, KS HOME PRICES

Value Range
> $1,045,000 0.2
$783,001 - $1,045,000 1.0
$523,001 - $783,000 2.4
$418,001 - $523,000 1.8
$314,001 - $418,000 6.7
$209,001 - $314,000 29.2
$105,001 - $209,000 46.6
$52,001 - $105,000 5.2
$0 - $52,000 7.0

Very High for KS
Average for Nation

Value Relative to Nation Value Relative to State
40.2189781021898 12.5441696113074

Number Of Homes And Apartments:
20,740

Manhattan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
67.17% 2.78%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,258 / per month

Homeownership Rate

Homeownership
Owners 34.03
Renters 65.97
Vacant 10.61

Housing Market Details

 

Age of Homes

AGE OF Manhattan HOMES
2000 or Newer 22.9
1970 - 1999 44.1
1940 - 1969 24.0
1939 or Older 9.0

Types of Homes

TYPE OF Manhattan HOMES
Single-Family 41.7
Townhomes 7.2
Small Apt. Buildings 11.9
Apt. Complexes 34.9
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Manhattan HOMES
No Bedroom 11.41
1 Bedroom 12.06
2 Bedrooms 27.09
3 Bedrooms 27.00
4 Bedrooms 15.50
5 or more bedrooms 6.94