Manchester, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manchester Neighborhoods Since 2000




Manchester, MD 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

Manchester Housing Market Information

With a population of 4,818, 1,677 total housing units (homes and apartments), and a median house value of $329,409, real estate costs in Manchester are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Manchester, accounting for 77.20% of the town's housing units. Other types of housing that are prevalent in Manchester include row houses and other attached homes ( 10.45%), duplexes, homes converted to apartments or other small apartment buildings ( 7.06%), and a few large apartment complexes or high rise apartments ( 5.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manchester. Owner-occupied housing accounts for 76.27% of Manchester's homes, and 66.46% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 26.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.06%). There's also some housing in Manchester built before 1939 ( 15.34%).

Manchester Home Appreciation Rates

Manchester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Manchester during the period has been just -1.88%, which is lower than 80% of US communities.

Over the last year, Manchester appreciation rates have trailed the rest of the nation. In the last twelve months, Manchester's appreciation rate has been 2.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manchester were at -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Manchester's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$329,409

Manchester, MD HOME PRICES

Value Range
> $1,079,000 1.3
$810,001 - $1,079,000 0.4
$539,001 - $810,000 7.9
$432,001 - $539,000 11.3
$324,001 - $432,000 30.2
$216,001 - $324,000 40.9
$108,001 - $216,000 6.2
$54,001 - $108,000 0.3
$0 - $54,000 1.6

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.7759287472167 39.6946564885496

Number Of Homes And Apartments:
1,677

Manchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
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
57.65% 2.67% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,196 / per month

Homeownership Rate

Homeownership
Owners 76.27
Renters 23.73
Vacant 3.68

Housing Market Details

 

Age of Homes

AGE OF Manchester HOMES
2000 or Newer 26.9
1970 - 1999 40.7
1940 - 1969 17.1
1939 or Older 15.3

Types of Homes

TYPE OF Manchester HOMES
Single-Family 77.2
Townhomes 10.5
Small Apt. Buildings 7.1
Apt. Complexes 5.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Manchester HOMES
No Bedroom 0.80
1 Bedroom 7.98
2 Bedrooms 17.06
3 Bedrooms 34.41
4 Bedrooms 32.05
5 or more bedrooms 7.70