The Most Affordable Neighborhoods in Manchester, IA by Home Value

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 $182,005, lower than the Iowa average of $226,062.

The average cost of rent is $757/mo in Manchester, primarily driven by the current value of real estate in the Manchester area. In Manchester, 27.70% of households rent, and 42.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Manchester is $5,960 per month. Households that rent pay about 12.70% of their income on rent here. Manchester’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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