Manchester, KY—40962
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, KY
As of Oct '25, the median home price in Manchester, KY is $111,000, with a year-over-year change of -7.2%. This indicates that home prices in Manchester, KY are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $111,000 | -7.2% |
| Single Family | $111,000 | -8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $118,000 | -6.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manchester, KY
Manchester, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manchester, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Manchester, KY is 74. 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | 7.0% |
Listing Count | 28 | 23.0% |
| Listings as % of Homes | 0.3% | 23.0% |
Days on Market | 74 | 24.0% |
Demographics — Manchester, KY
As of the latest ACS Survey released in 2023, Manchester, KY has a population of 17,400, which has decreased by -4.6% over the past 5 years. Manchester, KY is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,400 | -4.6% |
% Under 18 | 21.0% | -4.5% |
% Seniors | 15.7% | 13.8% |
% WFH | 7.5% | 177.8% |
% w/ College Degree | 16.8% | 80.6% |
As of the latest ACS Survey released in 2023, Manchester, KY is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Manchester, KY is black, making up 5.1% of the population. Foreign-born residents account for 0.7% of the population in Manchester, KY, and this percentage has decreased by 22.2% 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 | 90.5% | -1.5% |
% Black | 5.1% | 37.8% |
% Hispanic | 1.4% | -53.3% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.7% | -22.2% |
Mortgage and Risk — Manchester, KY
According to HUD data as of 2023, there were 97 mortgage originations in Manchester, KY, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, KY. Investor activity is low, as 0.0% 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 | 97 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Manchester, KY
Manchester, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 215 |
Total Units Section 8 | 182 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $890 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Manchester, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $111,000 |
| Median Household Income | $39,700 |