Manchester, MA—01944
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, MA
As of Oct '25, the median home price in Manchester, MA is $1,309,000, with a year-over-year change of 3.9%. This indicates that home prices in Manchester, MA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,309,000 | 3.9% |
| Single Family | $1,387,000 | 4.1% |
| Condos | $673,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $750,000 | 3.2% |
3 Bed | $1,082,000 | 2.9% |
4 Bed | $1,480,000 | 4.1% |
| 5 Bed | $2,560,000 | 6.0% |
% of Housing Stock
Rental Trends — Manchester, MA
As of July '25, Rentcast reports the average rent in Manchester, MA is $4,480, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Manchester, MA is 1-bedrooms: $2,890, 2-bedrooms: $3,900, 3-bedrooms: $4,520, 4-bedrooms: $7,670. The most common rental property sizes in Manchester, MA are 1-bedroom and 4-bedroom, accounting for 43.4% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,900 | $4,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,150 | $2,890 |
| 2 Bed Rent | $3,900 | $3,900 |
| 3 Bed Rent | $4,500 | $4,520 |
| 4 Bed Rent | $8,150 | $7,670 |
% of Rental Stock
Property Listings — Manchester, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Manchester, MA is 58. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,000,000 | -21.0% |
Listing Count | 25 | 47.0% |
| Listings as % of Homes | 0.4% | 47.0% |
Days on Market | 58 | 24.0% |
Demographics — Manchester, MA
As of the latest ACS Survey released in 2023, Manchester, MA has a population of 5,370, which has remained stable by -0.0% over the past 5 years. Manchester, MA is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 84.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,370 | 0.0% |
% Under 18 | 23.2% | 2.7% |
% Seniors | 25.5% | 10.4% |
% WFH | 30.5% | 103.3% |
% w/ College Degree | 84.0% | 28.2% |
As of the latest ACS Survey released in 2023, Manchester, MA is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Manchester, MA is hispanic, making up 3.3% of the population. Foreign-born residents account for 5.6% of the population in Manchester, MA, and this percentage has decreased by 27.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.3% | -10.4% |
% Black | 0.0% | N/A |
% Hispanic | 3.3% | 106.2% |
% Asian | 1.2% | 100.0% |
% Foreign Born | 5.6% | -27.3% |
Mortgage and Risk — Manchester, MA
According to HUD data as of 2023, there were 71 mortgage originations in Manchester, MA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 40.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Manchester, MA. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 71 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Manchester, MA
As of 2024, the percent of homes in Manchester, MA under the Section 8 program is 1.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Manchester, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,010 | $3,150 | $2,140 |
| 2 Bedroom | -$1,350 | $3,900 | $2,550 |
| 3 Bedroom | -$1,420 | $4,500 | $3,080 |
| 4 Bedroom | -$4,760 | $8,150 | $3,390 |
Affordability — Manchester, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $1,309,000 |
| Median Household Income | $198,000 |