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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 $337,239, higher than the Maine average of $330,167.
The average cost of rent is $991/mo in Manchester, primarily driven by the current value of real estate in the Manchester area. In Manchester, 13.34% of households rent, and 34.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manchester is $7,825 per month. Households that rent pay about 12.67% of their income on rent here. Manchester’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Winthrop, ME: equally priced homes
- Hallowell, ME: equally priced homes
- Winthrop, ME: less expensive homes
- Augusta, ME: less expensive homes
- Readfield, ME: equally priced homes
- Farmingdale, ME: less expensive homes
- North Monmouth, ME: less expensive homes
- Spears Corner, ME: less expensive homes
- Togus, ME: less expensive homes
- Randolph, ME: less expensive homes
Cities with Similar Populations
- Proctor, VT: less expensive homes
- Horseshoe Bend, AR: less expensive homes
- Huntsville, UT: higher priced homes
- Iola, TX: less expensive homes
- Kealakekua, HI: higher priced homes
- Maidens, VA: higher priced homes
- Marengo, IN: less expensive homes
- McCaysville, GA: less expensive homes
- Meldrim, GA: less expensive homes
- Millington, MD: less expensive homes
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