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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 $278,465, lower than the Virginia average of $443,089.
The average cost of rent is $1,604/mo in Manchester, primarily driven by the current value of real estate in the Manchester area. In Manchester, 42.73% of households rent, and 27.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Manchester is $7,669 per month. Households that rent pay about 20.91% of their income on rent here. Manchester’s most expensive areas are in the northwestern 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
- Rockwood, VA: higher priced homes
- Bon Air, VA: higher priced homes
- Richmond, VA: higher priced homes
- Meadowbrook, VA: equally priced homes
- Bensley, VA: less expensive homes
- Midlothian, VA: higher priced homes
- Henrico, VA: higher priced homes
- Deerfield Estates, VA: equally priced homes
- Brandermill, VA: higher priced homes
- Chesterfield, VA: higher priced homes
Cities with Similar Populations
- Warrior, AL: less expensive homes
- Coalinga, CA: equally priced homes
- Colchester, CT: higher priced homes
- Colesville, MD: higher priced homes
- Columbia, MS: less expensive homes
- Wakefield, RI: higher priced homes
- Wallington, NJ: higher priced homes
- Wanaque, NJ: higher priced homes
- Warrenton, MO: less expensive homes
- Clute, TX: equally priced homes
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