Manchester, ME—04351
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, ME
As of Oct '25, the median home price in Manchester, ME is $387,000, with a year-over-year change of 0.5%. This indicates that home prices in Manchester, ME are flat. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | 0.5% |
| Single Family | $394,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $329,000 | 1.2% |
3 Bed | $385,000 | 0.3% |
4 Bed | $509,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manchester, ME
As of July '25, Rentcast reports the average rent in Manchester, ME is $2,220, with a year-over-year rent change of -10.1%. Per bedroom, the median rent as of July '25 in Manchester, ME is studios: $1,600, 2-bedrooms: $3,500, 3-bedrooms: $2,200. The most common rental property sizes in Manchester, ME are 2-bedroom and 1-bedroom, accounting for 52.4% and 40.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,220 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,500 | $3,500 |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manchester, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Manchester, ME is 76. This is a increase of 36.0% 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 100.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | -23.0% |
Listing Count | 10 | 33.0% |
| Listings as % of Homes | 0.2% | 33.0% |
Days on Market | 76 | 36.0% |
Demographics — Manchester, ME
As of the latest ACS Survey released in 2023, Manchester, ME has a population of 2,460, which has decreased by -3.3% over the past 5 years. Manchester, ME is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 48.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,460 | -3.3% |
% Under 18 | 20.7% | 16.3% |
% Seniors | 19.0% | -0.5% |
% WFH | 11.3% | 91.5% |
% w/ College Degree | 48.2% | 15.9% |
As of the latest ACS Survey released in 2023, Manchester, ME is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Manchester, ME is asian, making up 0.8% of the population. Foreign-born residents account for 2.9% of the population in Manchester, ME, and this percentage has increased by 45.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.0% | 1.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.2% | -91.7% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 2.9% | 45.0% |
Mortgage and Risk — Manchester, ME
According to HUD data as of 2023, there were 51 mortgage originations in Manchester, ME, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, ME. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Manchester, ME
Manchester, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | -$2,250 | $3,500 | $1,250 |
| 3 Bedroom | -$630 | $2,200 | $1,570 |
| 4 Bedroom | N/A | N/A | $1,870 |
Affordability — Manchester, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $387,000 |
| Median Household Income | $89,500 |