Manchester, GA—31816
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, GA
As of Oct '25, the median home price in Manchester, GA is $116,000, with a year-over-year change of -9.0%. This indicates that home prices in Manchester, GA are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | -9.0% |
| Single Family | $116,000 | -9.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $91,000 | -14.2% |
3 Bed | $115,000 | -9.4% |
4 Bed | $241,000 | -4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manchester, GA
As of July '25, Rentcast reports the average rent in Manchester, GA is $1,170, with a year-over-year rent change of 10.4%. Per bedroom, the median rent as of July '25 in Manchester, GA is 3-bedrooms: $1,170. The most common rental property sizes in Manchester, GA are 3-bedroom and 2-bedroom, accounting for 43.9% and 42.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,170 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manchester, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Manchester, GA is 54. This is a decrease of -38.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | -26.0% |
Listing Count | 22 | -4.0% |
| Listings as % of Homes | 0.6% | -4.0% |
Days on Market | 54 | -38.0% |
Demographics — Manchester, GA
As of the latest ACS Survey released in 2023, Manchester, GA has a population of 4,870, which has decreased by -6.9% over the past 5 years. Manchester, GA is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,870 | -6.9% |
% Under 18 | 25.6% | 10.8% |
% Seniors | 20.9% | 11.8% |
% WFH | 4.1% | 51.9% |
% w/ College Degree | 14.2% | 31.5% |
As of the latest ACS Survey released in 2023, Manchester, GA is a predominantly black area, with 49.2% of the population identifying as black. The black population has grown by 13.6% in the last 5 years. The second most common race or ethnicity in Manchester, GA is white, making up 47.7% of the population. Foreign-born residents account for 0.1% of the population in Manchester, GA, and this percentage has decreased by 95.5% 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 | 47.7% | -4.4% |
% Black | 49.2% | 13.6% |
% Hispanic | 1.0% | -56.5% |
% Asian | 0.7% | -73.1% |
% Foreign Born | 0.1% | -95.5% |
Mortgage and Risk — Manchester, GA
According to HUD data as of 2023, there were 63 mortgage originations in Manchester, GA, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, GA. Investor activity is low, as 8.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Manchester, GA
Manchester, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | $410 | $1,200 | $1,610 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Manchester, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $116,000 |
| Median Household Income | $51,100 |