Market Overview
Home Prices in Manchester, CT
The median home value in Manchester, CT is $338,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Manchester are priced18% below average. Manchester is part of the Hartford-East Hartford-Middletown, CT metro area.
Over the past five years, Manchester home values have risen by approximately42.6%, reflecting strong long-term appreciation in this market.
Price History
Manchester Home Price Trend
City Comparison
Manchester vs. National Median
At $338,091, homes in Manchester cost 18% below the national median of $410,000. This makes Manchester a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Manchester?
20% Down Payment
$67,618
on $338,091
Monthly P&I
$1,763/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,239/mo
incl. taxes & insurance
Income Needed
$89,560
gross annual (30% rule)
10% Down Option
$33,809
+ PMI applies
Loan Amount (20% dn)
$270,473
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Manchester, CT?
The median home value in Manchester is $338,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Manchester?
Over the past year, home values in Manchester have increased by 4.3%. Over five years, prices have risen approximately 42.6%.
How much do I need to earn to buy a home in Manchester?
To comfortably afford the median home price of $338,091 with a 20% down payment ($67,618) at today's rates (6.8%), you'd need a gross annual income of approximately $89,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Manchester compare to the national average home price?
The national median home value is approximately $410,000. At $338,091, homes in Manchester are 18% below the national average.
What metro area is Manchester part of?
Manchester is part of the Hartford-East Hartford-Middletown, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.