Manchester, MI is a great place to invest in real estate due to the median housing value being lower than the US median and its appreciation rate being higher than the US. The median value for homes in Manchester, MI is $286,600 compared to the US median of $338,100. Additionally, Manchester's 1 year house appreciation rate is 8.47%, which is higher than the US appreciation rate of 8.27%. Therefore, purchasing a home in Manchester could be a smart financial decision as it offers more affordability combined with higher potential returns on an investment.
The median home cost in Manchester is $286,600. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Manchester is up 13.1%.
Average Age of Homes
- The median age of Manchester real estate is 46 years old
The Rental Market in Manchester
- Renters make up 21.6% of the Manchester population
- 0.0% 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.