Market Overview
Home Prices in North Manchester, IN
The median home value in North Manchester, IN is $207,546 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in North Manchester are priced49% below average. North Manchester is part of the Wabash, IN metro area.
Over the past five years, North Manchester home values have risen by approximately31.1%, reflecting strong long-term appreciation in this market.
Price History
North Manchester Home Price Trend
City Comparison
North Manchester vs. National Median
At $207,546, homes in North Manchester cost 49% below the national median of $410,000. This makes North Manchester a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in North Manchester?
20% Down Payment
$41,509
on $207,546
Monthly P&I
$1,082/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,374/mo
incl. taxes & insurance
Income Needed
$54,960
gross annual (30% rule)
10% Down Option
$20,755
+ PMI applies
Loan Amount (20% dn)
$166,037
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 North Manchester, IN?
The median home value in North Manchester is $207,546 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in North Manchester?
Over the past year, home values in North Manchester have increased by 3.6%. Over five years, prices have risen approximately 31.1%.
How much do I need to earn to buy a home in North Manchester?
To comfortably afford the median home price of $207,546 with a 20% down payment ($41,509) at today's rates (6.8%), you'd need a gross annual income of approximately $54,960. This assumes keeping total housing costs at or below 30% of gross income.
How does North Manchester compare to the national average home price?
The national median home value is approximately $410,000. At $207,546, homes in North Manchester are 49% below the national average.
What metro area is North Manchester part of?
North Manchester is part of the Wabash, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.