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 $177,052, lower than the West Virginia average of $177,366.

The average cost of rent is $821/mo in New Manchester, primarily driven by the current value of real estate in the New Manchester area. In New Manchester, 14.58% of households rent, and 62.57% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Manchester is $3,939 per month. Households that rent pay about 20.84% of their income on rent here. New Manchester’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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