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 about Scout's Real Estate Data
With a population of 2,788, 1,287 total housing units (homes and apartments), and a median house value of $280,807, Manchester real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Manchester, accounting for 59.73% of the borough's housing units. Other types of housing that are prevalent in Manchester include large apartment complexes or high rise apartments ( 25.43%), row houses and other attached homes ( 7.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.59%).
The most prevalent building size and type in Manchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 54.93% owning and 45.07% renting.
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 before 1939 ( 26.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.48%). There's also some housing in Manchester built between 2000 and later ( 8.43%).
Real estate appreciation rates in Manchester's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.80% during the period.
Appreciation rates are so strong in Manchester that despite a nationwide downturn in the housing market, Manchester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Manchester appreciation rates continue to be some of the highest in America, at 7.27%, which is higher than appreciation rates in 76.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Manchester. Manchester appreciation rates in the latest quarter were at 1.61%, which equates to an annual appreciation rate of 6.58%.
Relative to Pennsylvania, our data show that Manchester's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
$280,807
for Pennsylvania
for nation
1,287
$1,717 / per month