Manchester, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Manchester, MD Real Estate Data


Manchester Housing Market Information

With a population of 4,818, 1,677 total housing units (homes and apartments), and a median house value of $331,343, 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 -1.82%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Manchester's appreciation rate, at 3.48%, has been at or slightly above the national average. In the latest quarter, Manchester's appreciation rate has been 0.48%, which annualizes to a rate of 1.91%.

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

Average Home Values

 

Median Home Value:
$331,343

Manchester, MD HOME PRICES

Value Range
> $1,085,000 0.8
$814,001 - $1,085,000 0.4
$543,001 - $814,000 7.9
$434,001 - $543,000 11.3
$326,001 - $434,000 30.2
$217,001 - $326,000 40.9
$109,001 - $217,000 6.2
$55,001 - $109,000 0.3
$0 - $55,000 1.6

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.4067737020977 38.5496183206107

Number Of Homes And Apartments:
1,677

Rent & Ownership

 

Average Market Rent:
$1,174 / 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

Manchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
58.42% 2.70% 5 7
* 10 is highest