The Most Affordable Neighborhoods in New Manchester, WV by Home Value

 

New Manchester, WV Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Manchester area can be challenging. Home prices in New Manchester are now at a median cost of $118,593, lower than the West Virginia average of $138,399.

The average cost of rent is $660/mo in New Manchester, primarily driven by the current value of real estate in the New Manchester area. While nearly 79.62% of residents own their homes outright in New Manchester, 21.77% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Manchester is $3,659 per month. Households that rent pay about 18.05% of their income on rent here. New Manchester's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.


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