Manchester, TN—37355
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, TN
As of Oct '25, the median home price in Manchester, TN is $317,000, with a year-over-year change of 2.5%. This indicates that home prices in Manchester, TN are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 2.5% |
| Single Family | $317,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 3.0% |
3 Bed | $326,000 | 3.2% |
4 Bed | $416,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manchester, TN
As of July '25, Rentcast reports the average rent in Manchester, TN is $1,620, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Manchester, TN is 1-bedrooms: $725, 2-bedrooms: $1,180, 3-bedrooms: $1,850, 4-bedrooms: $4,200. The most common rental property sizes in Manchester, TN are 2-bedroom and 3-bedroom, accounting for 43.4% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $725 |
| 2 Bed Rent | $1,200 | $1,180 |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | $4,200 | $4,200 |
% of Rental Stock
Property Listings — Manchester, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Manchester, TN is 64. This is a decrease of -4.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 1.0% |
Listing Count | 180 | 24.0% |
| Listings as % of Homes | 0.8% | 24.0% |
Days on Market | 64 | -4.0% |
Demographics — Manchester, TN
As of the latest ACS Survey released in 2023, Manchester, TN has a population of 29,800, which has increased by 13.1% over the past 5 years. Manchester, TN is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | 13.1% |
% Under 18 | 24.3% | 5.7% |
% Seniors | 16.8% | 5.0% |
% WFH | 9.8% | 122.7% |
% w/ College Degree | 22.0% | 16.4% |
As of the latest ACS Survey released in 2023, Manchester, TN is a predominantly white area, with 85.6% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Manchester, TN is hispanic, making up 6.7% of the population. Foreign-born residents account for 4.1% of the population in Manchester, TN, and this percentage has increased by 36.7% 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 | 85.6% | -4.6% |
% Black | 3.5% | 75.0% |
% Hispanic | 6.7% | 63.4% |
% Asian | 1.4% | 75.0% |
% Foreign Born | 4.1% | 36.7% |
Mortgage and Risk — Manchester, TN
According to HUD data as of 2023, there were 649 mortgage originations in Manchester, TN, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, TN. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 649 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Manchester, TN
Manchester, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 216 |
Total Units Section 8 | 147 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 97.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $725 | $810 |
| 2 Bedroom | -$190 | $1,200 | $1,010 |
| 3 Bedroom | -$440 | $1,850 | $1,410 |
| 4 Bedroom | -$2,650 | $4,200 | $1,550 |
Affordability — Manchester, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $317,000 |
| Median Household Income | $62,900 |