Manchester Township, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Manchester Township Neighborhoods Since 2000




Manchester Township, NJ 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 Township Housing Market Information

With a population of 33,413, 2,604 total housing units (homes and apartments), and a median house value of $101,991, house prices in Manchester Township are solidly below the national average.

Single-family detached homes are the single most common housing type in Manchester Township, accounting for 48.59% of the town's housing units. Other types of housing that are prevalent in Manchester Township include row houses and other attached homes ( 26.07%), duplexes, homes converted to apartments or other small apartment buildings ( 10.56%), and a few mobile homes or trailers ( 8.09%).

Dwellings in Manchester Township tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 83.06% of the homes in Manchester Township have two or fewer bedrooms.

There is a lot of housing in Manchester Township 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 Township built between 1940-1969 ( 18.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.30%). There's also some housing in Manchester Township built before 1939 ( 1.81%).

Vacant housing appears to be an issue in Manchester Township. Fully 12.66% of the housing stock is classified as vacant. Left unchecked, vacant Manchester Township homes and apartments can be a drag on the real estate market, holding Manchester Township 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.

Manchester Township Home Appreciation Rates

Homes have actually lost value in Manchester Township over the last then years, as home values have seen a decline of 21.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Manchester Township home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Manchester Township's appreciation rate, at 5.00%, has been at or slightly above the national average. In the latest quarter, Manchester Township's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Manchester Township's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Manchester Township differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manchester Township - 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 Township real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$101,991

Manchester Township, NJ HOME PRICES

Value Range
> $1,118,000 0.4
$839,001 - $1,118,000 0.3
$559,001 - $839,000 0.9
$447,001 - $559,000 1.9
$335,001 - $447,000 9.8
$224,001 - $335,000 14.7
$112,001 - $224,000 20.1
$56,001 - $112,000 29.3
$0 - $56,000 22.5

Very Low for NJ
Low for Nation

Value Relative to Nation Value Relative to State
76.327200281261 98.5772357723577

Number Of Homes And Apartments:
2,604

Manchester Township Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
65.53% 2.96% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,588 / per month

Homeownership Rate

Homeownership
Owners 85.02
Renters 14.98
Vacant 12.66

Housing Market Details

 

Age of Homes

AGE OF Manchester Township HOMES
2000 or Newer 13.3
1970 - 1999 66.9
1940 - 1969 18.0
1939 or Older 1.8

Types of Homes

TYPE OF Manchester Township HOMES
Single-Family 48.6
Townhomes 26.1
Small Apt. Buildings 10.6
Apt. Complexes 6.7
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Manchester Township HOMES
No Bedroom 0.99
1 Bedroom 13.74
2 Bedrooms 68.33
3 Bedrooms 8.91
4 Bedrooms 6.64
5 or more bedrooms 1.39