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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 1,401, 656 total housing units (homes and apartments), and a median house value of $92,111, 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 57.03% 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 ( 20.52%), large apartment complexes or high rise apartments ( 17.68%), and a few mobile homes or trailers ( 3.48%).
People in Manchester primarily live in small (one, two or no bedroom) single-family detached homes. Manchester has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Manchester 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 Manchester built between 1940-1969 ( 30.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.52%). There's also some housing in Manchester built before 1939 ( 7.23%).
Vacant housing appears to be an issue in Manchester. Fully 15.35% of the housing stock is classified as vacant. Left unchecked, vacant Manchester homes and apartments can be a drag on the real estate market, holding Manchester 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.
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 17.27% over the last ten years, which is an average annual home appreciation rate of 1.61%, 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.
NeighborhoodScout's data show that during the latest twelve months, Manchester's appreciation rate, at 3.52%, has been at or slightly above the national average. In the latest quarter, Manchester's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.
Relative to Kentucky, our data show that Manchester's latest annual appreciation rate is lower than 50% of the other cities and towns in Kentucky.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Manchester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manchester - 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 Manchester real estate investment or home purchase decisions.
|$809,001 - $1,079,000||0.0|
|$539,001 - $809,000||0.0|
|$432,001 - $539,000||0.0|
|$324,001 - $432,000||1.1|
|$216,001 - $324,000||5.0|
|$108,001 - $216,000||28.2|
|$54,001 - $108,000||37.8|
|$0 - $54,000||27.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Manchester HOMES|
|2000 or Newer||8.5|
|1970 - 1999||53.3|
|1940 - 1969||31.0|
|1939 or Older||7.2|
|TYPE OF Manchester HOMES|
|Small Apt. Buildings||20.5|
|SIZE OF Manchester HOMES|
|5 or more bedrooms||0.00|