Manchester, MD—21102
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, MD
As of Oct '25, the median home price in Manchester, MD is $465,000, with a year-over-year change of 2.1%. This indicates that home prices in Manchester, MD are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $465,000 | 2.2% |
| Single Family | $464,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $417,000 | 1.7% |
4 Bed | $543,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manchester, MD
As of July '25, Rentcast reports the average rent in Manchester, MD is $1,140, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in Manchester, MD is studios: $925, 2-bedrooms: $1,340. The most common rental property sizes in Manchester, MD are 2-bedroom and 3-bedroom, accounting for 43.1% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,140 |
| Studio Rent | $925 | $925 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,340 | $1,340 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manchester, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Manchester, MD is 37. This is a decrease of -51.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | -19.0% |
Listing Count | 37 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 37 | -51.0% |
Demographics — Manchester, MD
As of the latest ACS Survey released in 2023, Manchester, MD has a population of 12,200, which has increased by 7.8% over the past 5 years. Manchester, MD is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 32.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | 7.8% |
% Under 18 | 20.1% | -8.6% |
% Seniors | 19.1% | 25.7% |
% WFH | 12.3% | 112.1% |
% w/ College Degree | 32.1% | 18.5% |
As of the latest ACS Survey released in 2023, Manchester, MD is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Manchester, MD is hispanic, making up 2.4% of the population. Foreign-born residents account for 4.5% of the population in Manchester, MD, and this percentage has increased by 104.5% 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 | 90.2% | -4.3% |
% Black | 2.2% | 22.2% |
% Hispanic | 2.4% | 71.4% |
% Asian | 2.1% | 50.0% |
% Foreign Born | 4.5% | 104.5% |
Mortgage and Risk — Manchester, MD
According to HUD data as of 2023, there were 299 mortgage originations in Manchester, MD, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, MD. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 299 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Manchester, MD
Manchester, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 95 |
Total Units Section 8 | 95 |
% Rentals under Section 8 | 17.8% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,430 |
| 2 Bedroom | $410 | $1,340 | $1,750 |
| 3 Bedroom | N/A | N/A | $2,270 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Manchester, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $465,000 |
| Median Household Income | $120,000 |