Manhattan, KS—66502
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Manhattan, KS
Home Price Trends — Manhattan, KS
As of Oct '25, the median home price in Manhattan, KS is $250,000, with a year-over-year change of 5.8%. This indicates that home prices in Manhattan, KS are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $250,000 | 5.8% |
| Single Family | $251,000 | 5.5% |
| Condos | $202,000 | 14.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $151,000 | 21.8% |
2 Bed | $175,000 | 10.1% |
3 Bed | $236,000 | 5.8% |
4 Bed | $284,000 | 5.2% |
| 5 Bed | $361,000 | 3.1% |
% of Housing Stock
Rental Trends — Manhattan, KS
As of July '25, Rentcast reports the average rent in Manhattan, KS is $1,190, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in Manhattan, KS is studios: $648, 1-bedrooms: $779, 2-bedrooms: $946, 3-bedrooms: $1,480, 4-bedrooms: $1,680. The most common rental property sizes in Manhattan, KS are 2-bedroom and 1-bedroom, accounting for 32.6% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,040 | $1,190 |
| Studio Rent | $575 | $648 |
| 1 Bed Rent | $725 | $779 |
| 2 Bed Rent | $850 | $946 |
| 3 Bed Rent | $1,400 | $1,480 |
| 4 Bed Rent | $1,600 | $1,680 |
% of Rental Stock
Property Listings — Manhattan, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Manhattan, KS is 49. This is a increase of 8.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 0.0% |
Listing Count | 155 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 49 | 8.0% |
Demographics — Manhattan, KS
As of the latest ACS Survey released in 2023, Manhattan, KS has a population of 43,200, which has decreased by -5.4% over the past 5 years. Manhattan, KS is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 46.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,200 | -5.4% |
% Under 18 | 16.2% | 10.2% |
% Seniors | 10.8% | 27.1% |
% WFH | 9.2% | 135.9% |
% w/ College Degree | 46.4% | 0.4% |
As of the latest ACS Survey released in 2023, Manhattan, KS is a predominantly white area, with 77.6% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Manhattan, KS is hispanic, making up 9.4% of the population. Foreign-born residents account for 7.8% of the population in Manhattan, KS, and this percentage has decreased by 22.8% 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 | 77.6% | -2.3% |
% Black | 4.1% | -19.6% |
% Hispanic | 9.4% | 25.3% |
% Asian | 3.6% | -26.5% |
% Foreign Born | 7.8% | -22.8% |
Mortgage and Risk — Manhattan, KS
According to HUD data as of 2023, there were 759 mortgage originations in Manhattan, KS, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Manhattan, KS. Investor activity is low, as 6.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 759 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Manhattan, KS
As of 2024, the percent of homes in Manhattan, KS under the Section 8 program is 4.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Manhattan, KS, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 626 |
Total Units Section 8 | 420 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 73.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $725 | $830 |
| 2 Bedroom | $160 | $850 | $1,010 |
| 3 Bedroom | -$20 | $1,400 | $1,380 |
| 4 Bedroom | $100 | $1,600 | $1,700 |
Affordability — Manhattan, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $250,000 |
| Median Household Income | $52,400 |