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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 $112,069, lower than the Illinois average of $300,242.
The average cost of rent is $1,444/mo in Manchester, primarily driven by the current value of real estate in the Manchester area. In Manchester, 9.32% of households rent, and 55.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manchester is $8,061 per month. Households that rent pay about 17.91% of their income on rent here. Manchester’s most expensive areas are in the southeastern 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
- Roodhouse, IL: less expensive homes
- Barrow, IL: higher priced homes
- Murrayville, IL: higher priced homes
- Nortonville, IL: higher priced homes
- Alsey, IL: equally priced homes
- Woodson, IL: higher priced homes
- Glasgow, IL: less expensive homes
- White Hall, IL: less expensive homes
- Lynnville, IL: higher priced homes
- Patterson, IL: equally priced homes
Cities with Similar Populations
- Acme, WA: higher priced homes
- Albion, OK: higher priced homes
- Allenport, PA: equally priced homes
- Almelund, MN: higher priced homes
- Argyle, FL: higher priced homes
- Penn Cove Park, WA: higher priced homes
- Otterville, VA: higher priced homes
- Overton, MO: higher priced homes
- Owsley, MO: higher priced homes
- Ozone, AR: higher priced homes
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