Home Price Key
Affordable
Average
Expensive
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 $187,485, lower than the Tennessee average of $218,916.
The average cost of rent is $848/mo in Manchester, primarily driven by the current value of real estate in the Manchester area. While nearly 47.55% of residents own their homes outright in Manchester, 35.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Manchester is $4,898 per month. Households that rent pay about 17.31% of their income on rent here. Manchester's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- White Oaks, TN: less expensive homes
- Fredonia, TN: equally priced homes
- Ragsdale, TN: equally priced homes
- Rutledge Falls, TN: higher priced homes
- Belmont, TN: equally priced homes
- Ovoca, TN: higher priced homes
- Union Ridge, TN: equally priced homes
- Shady Grove, TN: less expensive homes
- Hillsboro, TN: less expensive homes
- Sainville, TN: less expensive homes
Cities with Similar Populations
- Fish Hawk, FL: higher priced homes
- Smyrna, DE: higher priced homes
- Silver Bell, AZ: higher priced homes
- Sidney, OH: less expensive homes
- Shoreview, MN: higher priced homes
- Shirley, NY: higher priced homes
- Shippensburg, PA: equally priced homes
- Sherwood, OR: higher priced homes
- Sheridan, WY: higher priced homes
- Grayson, GA: higher priced homes
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