North Manchester, IN 46962 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

North Manchester, IN—46962

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$193,000

5.1% YoY Growth

Household Income

$71,900

37.7% YoY Growth

Days on Market

30.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$900

35.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$900

N/A

3-Bed Rent

N/A

Home Price Trends — North Manchester, IN

As of Dec '25, the median home price in North Manchester, IN is $193,000, with a year-over-year change of 5.1%. This indicates that home prices in North Manchester, IN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$193,000	5.1%
Single Family	$195,000	4.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — North Manchester, IN

As of July '25, Rentcast reports the average rent in North Manchester, IN is $900, with a year-over-year rent change of -35.7%. Per bedroom, the median rent as of July '25 in North Manchester, IN is 2-bedrooms: $900. The most common rental property sizes in North Manchester, IN are 1-bedroom and 2-bedroom, accounting for 36.3% and 36.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$900	$900
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$900	$900
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.9%

1 Bedroom

36.3%

2 Bedrooms

36.1%

3 Bedrooms

13.9%

4 Bedrooms

7.7%

5+ Bedrooms

3.1%

Property Listings — North Manchester, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in North Manchester, IN is 48. This is a decrease of -62.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$218,000	-24.0%
Listing Count	24	64.0%
Listings as % of Homes	0.3%	64.0%
Days on Market	58	-30.0%

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Demographics — North Manchester, IN

As of the latest ACS Survey released in 2023, North Manchester, IN has a population of 8,990, which has decreased by -1.7% over the past 5 years. North Manchester, IN is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,990	-1.7%
% Under 18	17.9%	-10.1%
% Seniors	20.8%	1.5%
% WFH	6.5%	62.5%
% w/ College Degree	20.4%	-20.6%

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As of the latest ACS Survey released in 2023, North Manchester, IN is a predominantly white area, with 92.5% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in North Manchester, IN is black, making up 2.4% of the population. Foreign-born residents account for 1.7% of the population in North Manchester, IN, and this percentage has decreased by 26.1% 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	92.5%	0.2%
% Black	2.4%	41.2%
% Hispanic	2.2%	-55.1%
% Asian	0.4%	300.0%
% Foreign Born	1.7%	-26.1%

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Mortgage and Risk — North Manchester, IN

According to HUD data as of 2023, there were 167 mortgage originations in North Manchester, IN, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in North Manchester, IN. Investor activity is low, as 1.0% of loans were by investors. 26.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	167
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	26.0%

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Rentals and Section 8 — North Manchester, IN

North Manchester, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% Rentals under Section 8	1.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$810
2 Bedroom	$110	$900	$1,010
3 Bedroom	N/A	N/A	$1,250
4 Bedroom	N/A	N/A	$1,350

North Manchester, IN—46962

Key Metrics at a Glance

Home Price Trends — North Manchester, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Manchester, IN

% of Rental Stock

Property Listings — North Manchester, IN

Demographics — North Manchester, IN

Race and Ethnicity

Mortgage and Risk — North Manchester, IN

Mortgages

Rentals and Section 8 — North Manchester, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — North Manchester, IN

Home Price to Income Ratio

North Manchester, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Laketon, IN

Urbana, IN

Silver Lake, IN

South Whitley, IN

Roann, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$193,000
Median Household Income	$71,900

North Manchester, IN—46962

Key Metrics at a Glance

Home Price Trends — North Manchester, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Manchester, IN

% of Rental Stock

Property Listings — North Manchester, IN

Demographics — North Manchester, IN

Race and Ethnicity

Mortgage and Risk — North Manchester, IN

Mortgages

Rentals and Section 8 — North Manchester, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — North Manchester, IN

Home Price to Income Ratio

North Manchester, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Laketon, IN

Urbana, IN

Silver Lake, IN

South Whitley, IN

Roann, IN

Frequently Asked Questions

What is the average home price in North Manchester, IN 46962?

How have home prices in North Manchester, IN 46962 changed over the past year?

What is the home price projection for North Manchester, IN 46962?

What are the demographics of North Manchester, IN 46962?

How long does it take homes to sell in North Manchester, IN 46962?

What is the average rent price in North Manchester, IN 46962?