Manchester, MI—48158
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, MI
As of Nov '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 | N/A | N/A |
2 Bed | $200,000 | 2.0% |
3 Bed | $353,000 | 2.9% |
4 Bed | $432,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Manchester, MI
As of Nov '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 | 2.0% |
Listing Count | 31 | -6.0% |
| Listings as % of Homes | 0.3% | -6.0% |
Days on Market | 75 | 20.0% |
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% |
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% |
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% |
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 |
Affordability — Manchester, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $361,000 |
| Median Household Income | $97,700 |