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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 $111,283, lower than the Kentucky average of $219,615.
The average cost of rent is $767/mo in Manchester, primarily driven by the current value of real estate in the Manchester area. In Manchester, 24.95% of households rent, and 66.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manchester is $4,146 per month. Households that rent pay about 18.49% of their income on rent here. Manchester’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fall Rock, KY: less expensive homes
- Sidell, KY: higher priced homes
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Cities with Similar Populations
- Walden, NY: higher priced homes
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- Wabash, IN: higher priced homes
- Waconia, MN: higher priced homes
- Waddell, AZ: higher priced homes
- Wagoner, OK: higher priced homes
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