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Manchester

Learn about the people, housing, costs and businesses in Manchester, Iowa

Median Home$143,281
Median Rent$802/month
Population5,380
Leading IndustriesRetail · Finance & Insurance · Construction17% retail
Home Value Growth⬆⬆+16.7% over 2 years
Retirees24% of residentsslightly above average
Homeowners67% of occupied units
NotableAmenity Score68/100 · highly walkable area
NotableAffordable Market$143k median home · lower cost than 77% of the country
Manchester
IA

Frequently Asked Questions

What are today's mortgage rates in Manchester?

As of today, the 30-year fixed mortgage rate for Manchester is approximately 7.049% (7.093% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Manchester?

The median home value in Manchester is $143k. The median monthly rent is $802. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Manchester?

Home values in Manchester have increased 16.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Manchester?

Based on a typical all-in ownership cost of $792/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Manchester is $61k/year.

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What industries drive the economy in Manchester?

The largest employment sectors in Manchester are public administration (26%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.