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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 $1,003,050, higher than the Massachusetts average of $625,090.
The average cost of rent is $1,798/mo in Manchester-By-The-Sea, primarily driven by the current value of real estate in the Manchester-By-The-Sea area. In Manchester-By-The-Sea, 33.28% of households rent, and 40.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manchester-By-The-Sea is $14,899 per month. Households that rent pay about 12.07% of their income on rent here. Manchester-By-The-Sea’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Manchester, MA: higher priced homes
- Essex, MA: less expensive homes
- Beverly, MA: less expensive homes
- South Hamilton, MA: less expensive homes
- Wenham, MA: equally priced homes
- South Essex, MA: equally priced homes
- Marblehead, MA: equally priced homes
- Little Neck, MA: less expensive homes
- Gloucester, MA: less expensive homes
- Salem, MA: less expensive homes
Cities with Similar Populations
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- Ashley Falls, MA: less expensive homes
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- Arenzville, IL: less expensive homes
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