Manchester, NJ has a median home value of $236,400, which is significantly lower than the US median home value of $338,100. Despite this difference in values, Manchester has seen an impressive 1 year appreciation rate of 13.53%, which is much higher than the US rate of 8.27%. This higher appreciation rate shows that Manchester is becoming more desirable and housing is increasing in value at a faster rate than the rest of the nation. It could be a great investment opportunity for those looking to buy or sell in the area.
The median home cost in Manchester is $236,400. Home appreciation the last 10 years has been 85.4%. Home Appreciation in Manchester is up 19.0%.
Average Age of Homes
- The median age of Manchester real estate is 38 years old
The Rental Market in Manchester
- Renters make up 9.3% of the Manchester population
- 0.4% 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.