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These days, finding an affordable place to live in the Manchester area can be challenging. Home prices in Manchester are now at a median cost of $266,993, lower than the Connecticut average of $418,901.
The average cost of rent is $1,427/mo in Manchester, primarily driven by the current value of real estate in the Manchester area. In Manchester, 45.86% of households rent, and 34.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manchester is $7,471 per month. Households that rent pay about 19.10% of their income on rent here. Manchester’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakland, CT: equally priced homes
- Glastonbury, CT: higher priced homes
- East Hartford, CT: less expensive homes
- South Windsor, CT: higher priced homes
- Bolton, CT: higher priced homes
- Glastonbury Center, CT: higher priced homes
- Vernon-Rockville, CT: equally priced homes
- East Windsor Hill, CT: higher priced homes
- Wilson, CT: higher priced homes
- Rockville, CT: less expensive homes
Cities with Similar Populations
- Key West, FL: higher priced homes
- Newhall, CA: higher priced homes
- Mount Airy, NC: less expensive homes
- Mchenry, IL: equally priced homes
- Leavenworth, KS: less expensive homes
- Laramie, WY: higher priced homes
- La Porte, TX: equally priced homes
- Kinston, NC: less expensive homes
- Kingston, NY: higher priced homes
- Niles, MI: less expensive homes
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