Manchester, IL has a median housing value of $90,100 which is lower than the US median house value of $338,100. In the last year, the US house appreciation rate was 8.27%, while Manchester, IL experienced an appreciation rate of 6.36%. This shows that Manchester’s housing market is growing slowly compared to national averages, but still showing positive growth. Manchester offers relatively affordable housing pricing which could make it attractive to prospective home buyers looking for a good deal.
The median home cost in Manchester is $90,100. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Manchester is up 11.6%.
Average Age of Homes
- The median age of Manchester real estate is 65 years old
The Rental Market in Manchester
- Renters make up 10.6% of the Manchester population
- 5.7% of houses and apartments in Manchester, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.