A typical Manchester home is worth roughly $274,000
Homes typically sell in 72 days, close to asking.
What kind of housing town is Manchester?
Read from the numbers below. The page puts what stands out first.
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
Home prices up 44% in 5 years
The federal house price index for the ZIP code around Manchester rose 44% over the past 5 years, slower than across Michigan (52%). Last year prices rose 5.4%. Carrying the Census median home value forward with that index puts the typical Manchester home at roughly $274,000 today.
Carrying the Census median forward with the index puts a typical home at about $274K.
How Manchester ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Manchester, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.1 years of income
About the same as across Michigan. Try your own numbers below.
That covers a typical Manchester home, with $43K to spare.
A two-bedroom rents for about $1,450 a month here, $320 less than owning.
How Manchester ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Manchester’s typical property tax (1.47% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,450
Renters already here pay a median of $840, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Ann Arbor, MI MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
6 new homes permitted in 2025
Builders were permitted 6 new homes in Manchester in 2025, all single-family houses, worth about $1.5 million to build. That's 2.4 per 1,000 residents, about the pace of Michigan as a whole. Over the past 10 years, Manchester has permitted 40 homes in all.
Between the 2010 and 2020 censuses, Manchester's population fell by 54 even though 12 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Michigan: 1.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 5 | 5 | 0 | $1.2 million |
| 2025 | 6 | 6 | 0 | $1.5 million |
| 2024 | 2 | 2 | 0 | $478,000 |
| 2023 | 2 | 2 | 0 | $495,000 |
| 2022 | 12 | 12 | 0 | $3.2 million |
| 2021 | 4 | 4 | 0 | $812,000 |
| 2020 | 4 | 4 | 0 | $631,000 |
| 2019 | 3 | 3 | 0 | $510,000 |
| 2018 | 5 | 5 | 0 | $1 million |
| 2017 | 2 | 2 | 0 | $460,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 2 | 2 | 0 | $325,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 2 | 2 | 0 | $241,000 |
| 2007 | 1 | 1 | 0 | $150,000 |
| 2006 | 3 | 3 | 0 | $340,000 |
| 2005 | 14 | 14 | 0 | $1.8 million |
| 2004 | 18 | 18 | 0 | $2.3 million |
| 2003 | 13 | 13 | 0 | $1.3 million |
| 2002 | 23 | 15 | 8 | $2.4 million |
| 2001 | 15 | 15 | 0 | $1.8 million |
| 2000 | 4 | 4 | 0 | $722,000 |
How Manchester ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
81% of Manchester households own their home
Half of Manchester’s homes were built before 1957.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Neighbors talk housing
What Manchester buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.