Manchester, VA is a great place to consider when looking for housing. The median value of houses in Manchester is $274,300 which is lower than the US median value of $338,100. Despite this difference, house appreciation in Manchester has been higher at 13.65% in the last year compared to 8.27% across the US. With such a high appreciation rate and a lower median value than the US average, it makes sense to look into housing in Manchester.
The median home cost in Manchester is $274,300. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Manchester is up 15.2%.
Average Age of Homes
- The median age of Manchester real estate is 40 years old
The Rental Market in Manchester
- Renters make up 29.6% of the Manchester population
- 2.6% 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.