Manchester, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Manchester Neighborhoods Since 2000




Manchester, TN 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 10,517 people, 3,989 houses or apartments, and a median cost of homes of $137,434, 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 69.22% 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 ( 11.57%), mobile homes or trailers ( 10.33%), and a few large apartment complexes or high rise apartments ( 7.89%).

The most prevalent building size and type in Manchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.65% owning and 52.35% 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 between 1940-1969 ( 38.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.73%). There's also some housing in Manchester built before 1939 ( 1.66%).

Vacant housing appears to be an issue in Manchester. Fully 10.58% 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.

Manchester Home Appreciation Rates

Appreciation rates for homes in Manchester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.06%, which ranks in the top 40% nationwide. This equates to an annual average Manchester house appreciation rate of 0.49%.

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 2.59%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Manchester's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.

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.

Average Home Values

 

Median Home Value:
$137,434

Manchester, TN HOME PRICES

Value Range
> $1,115,000 0.0
$836,001 - $1,115,000 0.6
$558,001 - $836,000 0.6
$446,001 - $558,000 0.1
$335,001 - $446,000 4.9
$223,001 - $335,000 11.4
$112,001 - $223,000 45.7
$56,001 - $112,000 25.2
$0 - $56,000 11.5

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
56.0353920075003 37.2448979591837

Number Of Homes And Apartments:
3,989

Manchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
32.42% 1.64% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$947 / per month

Homeownership Rate

Homeownership
Owners 47.65
Renters 52.35
Vacant 10.58

Housing Market Details

 

Age of Homes

AGE OF Manchester HOMES
2000 or Newer 19.7
1970 - 1999 40.0
1940 - 1969 38.6
1939 or Older 1.7

Types of Homes

TYPE OF Manchester HOMES
Single-Family 69.2
Townhomes 1.0
Small Apt. Buildings 11.6
Apt. Complexes 7.9
Mobile Homes 10.3
Other 0.0

Home Size

SIZE OF Manchester HOMES
No Bedroom 1.57
1 Bedroom 5.85
2 Bedrooms 34.27
3 Bedrooms 45.17
4 Bedrooms 11.81
5 or more bedrooms 1.32

Zip Codes in Manchester, TN