Market Overview
Home Prices in Manchester, IA
The median home value in Manchester, IA is $235,621 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Manchester are priced43% below average.
Over the past five years, Manchester home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Manchester Home Price Trend
2020
$166,518
$167K
—
2021
$182,179
$182K
+9.4%
2022
$204,760
$205K
+12.4%
2023
$210,644
$211K
+2.9%
2024
$220,486
$220K
+4.7%
2025
$226,278
$226K
+2.6%
2026
$235,621
$236K
+4.1%
City Comparison
Manchester vs. National Median
🏠 Manchester
$235,621
National Median
$410,000
At $235,621, homes in Manchester cost 43% 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
$47,124
on $235,621
Monthly P&I
$1,229/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,561/mo
incl. taxes & insurance
Income Needed
$62,440
gross annual (30% rule)
10% Down Option
$23,562
+ PMI applies
Loan Amount (20% dn)
$188,497
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, IA?
The median home value in Manchester is $235,621 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Manchester?
Over the past year, home values in Manchester have increased by 4.1%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Manchester?
To comfortably afford the median home price of $235,621 with a 20% down payment ($47,124) at today's rates (6.8%), you'd need a gross annual income of approximately $62,440. 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 $235,621, homes in Manchester are 43% below the national average.