Manhattan, KS—66503
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 $346,000, with a year-over-year change of 4.0%. This indicates that home prices in Manhattan, KS are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 4.0% |
| Single Family | $348,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 4.6% |
3 Bed | $294,000 | 5.4% |
4 Bed | $366,000 | 3.7% |
| 5 Bed | $481,000 | 3.4% |
% of Housing Stock
Rental Trends — Manhattan, KS
As of July '25, Rentcast reports the average rent in Manhattan, KS is $1,740, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Manhattan, KS is 1-bedrooms: $935, 2-bedrooms: $1,320, 3-bedrooms: $1,870, 4-bedrooms: $2,060. The most common rental property sizes in Manhattan, KS are 2-bedroom and 3-bedroom, accounting for 53.4% and 20.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $935 |
| 2 Bed Rent | $1,300 | $1,320 |
| 3 Bed Rent | $1,700 | $1,870 |
| 4 Bed Rent | $2,010 | $2,060 |
% 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 45. This is a increase of 13.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | 4.0% |
Listing Count | 104 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 45 | 13.0% |
Demographics — Manhattan, KS
As of the latest ACS Survey released in 2023, Manhattan, KS has a population of 17,300, which has increased by 10.0% over the past 5 years. Manhattan, KS is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 60.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,300 | 10.0% |
% Under 18 | 21.4% | -7.4% |
% Seniors | 12.9% | -3.0% |
% WFH | 12.6% | 306.5% |
% w/ College Degree | 60.5% | -1.9% |
As of the latest ACS Survey released in 2023, Manhattan, KS is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Manhattan, KS is hispanic, making up 7.9% of the population. Foreign-born residents account for 6.1% of the population in Manhattan, KS, and this percentage has decreased by 33.7% 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 | 74.3% | -5.5% |
% Black | 5.0% | 22.0% |
% Hispanic | 7.9% | 43.6% |
% Asian | 4.5% | -38.4% |
% Foreign Born | 6.1% | -33.7% |
Mortgage and Risk — Manhattan, KS
According to HUD data as of 2023, there were 365 mortgage originations in Manhattan, KS, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 38.0% 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. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 365 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Manhattan, KS
As of 2024, the percent of homes in Manhattan, KS under the Section 8 program is 4.5%. 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 units appear to be good home sizes to consider for Section 8 housing in Manhattan, KS, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 183 |
Total Units Section 8 | 133 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $25 | $895 | $920 |
| 2 Bedroom | -$170 | $1,300 | $1,130 |
| 3 Bedroom | -$160 | $1,700 | $1,540 |
| 4 Bedroom | -$110 | $2,010 | $1,900 |
Affordability — Manhattan, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $346,000 |
| Median Household Income | $96,000 |