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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 $1,122,553, higher than the Massachusetts average of $625,090.
The average cost of rent is $1,886/mo in Manchester, primarily driven by the current value of real estate in the Manchester area. In Manchester, 24.19% of households rent, and 35.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manchester is $17,061 per month. Households that rent pay about 11.05% 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
- Manchester-By-The-Sea, MA: less expensive homes
- Essex, MA: less expensive homes
- South Essex, MA: less expensive homes
- South Hamilton, MA: less expensive homes
- Gloucester, MA: less expensive homes
- Beverly, MA: less expensive homes
- Wenham, MA: less expensive homes
- Little Neck, MA: less expensive homes
- Marblehead, MA: less expensive homes
- Salem, MA: less expensive homes
Cities with Similar Populations
- Avondale Estates, GA: less expensive homes
- American Falls, ID: less expensive homes
- Saunderstown, RI: less expensive homes
- Big Bear Lake, CA: less expensive homes
- Plymouth, NC: less expensive homes
- Marengo, OH: less expensive homes
- Angie, LA: less expensive homes
- Angola, LA: less expensive homes
- Purchase, NY: higher priced homes
- Angola, NY: less expensive homes
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