Manchester, MI 48158 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Manchester, MI—48158

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$361,000

0.1% YoY Growth

Household Income

$97,700

30.9% YoY Growth

Days on Market

23.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Manchester, MI

As of Dec '25, the median home price in Manchester, MI is $361,000, with a year-over-year change of 0.1%. This indicates that home prices in Manchester, MI are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$361,000	0.1%
Single Family	$369,000	0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Manchester, MI

Manchester, MI 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

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% of Rental Stock

1 Bedroom

40.7%

2 Bedrooms

27.5%

3 Bedrooms

15.2%

4 Bedrooms

9.6%

5+ Bedrooms

7.0%

Property Listings — Manchester, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Manchester, MI is 75. This is a increase of 20.0% 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 26.0%, 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	6.0%
Listing Count	20	-13.0%
Listings as % of Homes	0.3%	-13.0%
Days on Market	82	23.0%

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Demographics — Manchester, MI

As of the latest ACS Survey released in 2023, Manchester, MI has a population of 7,690, which has increased by 3.9% over the past 5 years. Manchester, MI is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,690	3.9%
% Under 18	18.3%	9.6%
% Seniors	21.7%	18.6%
% WFH	14.3%	81.0%
% w/ College Degree	37.6%	0.3%

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As of the latest ACS Survey released in 2023, Manchester, MI is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Manchester, MI is hispanic, making up 2.9% of the population. Foreign-born residents account for 3.0% of the population in Manchester, MI, and this percentage has increased by 57.9% 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	91.1%	-3.6%
% Black	0.6%	-40.0%
% Hispanic	2.9%	-9.4%
% Asian	0.8%	100.0%
% Foreign Born	3.0%	57.9%

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Mortgage and Risk — Manchester, MI

According to HUD data as of 2023, there were 188 mortgage originations in Manchester, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, MI. Investor activity is low, as 2.0% 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	188
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Manchester, MI

Manchester, MI 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	1.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,120
2 Bedroom	N/A	N/A	$1,330
3 Bedroom	N/A	N/A	$1,610
4 Bedroom	N/A	N/A	$1,810

Manchester, MI—48158

Key Metrics at a Glance

Home Price Trends — Manchester, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manchester, MI

% of Rental Stock

Property Listings — Manchester, MI

Demographics — Manchester, MI

Race and Ethnicity

Mortgage and Risk — Manchester, MI

Mortgages

Rentals and Section 8 — Manchester, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Manchester, MI

Home Price to Income Ratio

Manchester, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Clinton, MI

Tipton, MI

Chelsea, MI

Tecumseh, MI

Grass Lake, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$361,000
Median Household Income	$97,700

Manchester, MI—48158

Key Metrics at a Glance

Home Price Trends — Manchester, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manchester, MI

% of Rental Stock

Property Listings — Manchester, MI

Demographics — Manchester, MI

Race and Ethnicity

Mortgage and Risk — Manchester, MI

Mortgages

Rentals and Section 8 — Manchester, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Manchester, MI

Home Price to Income Ratio

Manchester, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Clinton, MI

Tipton, MI

Chelsea, MI

Tecumseh, MI

Grass Lake, MI

Frequently Asked Questions

What is the average home price in Manchester, MI 48158?

How have home prices in Manchester, MI 48158 changed over the past year?

What is the home price projection for Manchester, MI 48158?

What are the demographics of Manchester, MI 48158?

How long does it take homes to sell in Manchester, MI 48158?

What is the average rent price in Manchester, MI 48158?