Manhattan, MT—59741
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manhattan, MT
As of Oct '25, the median home price in Manhattan, MT is $645,000, with a year-over-year change of 0.7%. This indicates that home prices in Manhattan, MT are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $645,000 | 0.7% |
| Single Family | $661,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $459,000 | 1.1% |
3 Bed | $603,000 | 0.5% |
4 Bed | $796,000 | 0.3% |
| 5 Bed | $947,000 | 0.4% |
% of Housing Stock
Rental Trends — Manhattan, MT
As of July '25, Rentcast reports the average rent in Manhattan, MT is $2,440, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in Manhattan, MT is 2-bedrooms: $1,500, 3-bedrooms: $2,500, 4-bedrooms: $3,220. The most common rental property sizes in Manhattan, MT are 3-bedroom and 1-bedroom, accounting for 30.5% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | $2,900 | $3,220 |
% of Rental Stock
Property Listings — Manhattan, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Manhattan, MT is 65. This is a increase of 19.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,030,000 | -16.0% |
Listing Count | 32 | -8.0% |
| Listings as % of Homes | 0.7% | -8.0% |
Days on Market | 65 | 19.0% |
Demographics — Manhattan, MT
As of the latest ACS Survey released in 2023, Manhattan, MT has a population of 5,640, which has increased by 22.0% over the past 5 years. Manhattan, MT is a popular place for families, as children make up 27.8% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,640 | 22.0% |
% Under 18 | 27.8% | 4.1% |
% Seniors | 19.1% | 6.1% |
% WFH | 11.9% | 20.2% |
% w/ College Degree | 35.8% | 12.6% |
As of the latest ACS Survey released in 2023, Manhattan, MT is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Manhattan, MT is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.1% of the population in Manhattan, MT, and this percentage has decreased by 26.7% 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 | 93.2% | -1.9% |
% Black | 0.0% | N/A |
% Hispanic | 2.3% | -25.8% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.1% | -26.7% |
Mortgage and Risk — Manhattan, MT
According to HUD data as of 2023, there were 78 mortgage originations in Manhattan, MT, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Manhattan, MT. Investor activity is low, as 1.0% 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 | 78 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Manhattan, MT
Manhattan, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,660 |
| 2 Bedroom | $630 | $1,500 | $2,130 |
| 3 Bedroom | $480 | $2,500 | $2,980 |
| 4 Bedroom | $620 | $2,900 | $3,520 |
Affordability — Manhattan, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $645,000 |
| Median Household Income | $86,400 |