Home Price Key
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These days, finding an affordable place to live in the Manchester-By-The-Sea area can be challenging. Home prices in Manchester-By-The-Sea are now at a median cost of $959,062, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,550/mo in Manchester-By-The-Sea, primarily driven by the current value of real estate in the Manchester-By-The-Sea area. While nearly 35.30% of residents own their homes outright in Manchester-By-The-Sea, 26.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Manchester-By-The-Sea is $15,249 per month. Households that rent pay about 10.16% of their income on rent here. Manchester-By-The-Sea's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Manchester, MA: equally priced homes
- Essex, MA: less expensive homes
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- Salem, MA: less expensive homes
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