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📍 Manchester, NJ · Zillow ZHVI · July 2026

Average Home Price in
Manchester, NJ

New York-Newark-Jersey City, NY-NJ-PA metro area · Ocean County County

Median Home Value
$348,552
↓ 2.4% year-over-year
vs. National Median
$410,000
Manchester is 15% below
Est. Monthly Payment
$1,818/mo
20% down · 6.8% rate
Income Needed
$92K
gross annual (30% rule)
Median Home Value
$348,552
↓ 2.4% year-over-year
Down Payment (20%)$69,710
Monthly P&I$1,818/mo
With Taxes & Ins.~$2,309/mo
Income Needed$92,360/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Manchester, NJ

The median home value in Manchester, NJ is $348,552 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.4% compared to a year ago and up 3.8% from two years prior.

Compared to the U.S. national median of $410,000, homes in Manchester are priced15% below average. Manchester is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.

City Comparison

Manchester vs. National Median

🏠 Manchester
$348,552
National Median
$410,000

At $348,552, homes in Manchester cost 15% 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
$69,710
on $348,552
Monthly P&I
$1,818/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,309/mo
incl. taxes & insurance
Income Needed
$92,360
gross annual (30% rule)
10% Down Option
$34,855
+ PMI applies
Loan Amount (20% dn)
$278,842
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, NJ?
The median home value in Manchester is $348,552 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.4% year-over-year.
How much have home prices changed in Manchester?
Over the past year, home values in Manchester have decreased by 2.4%.
How much do I need to earn to buy a home in Manchester?
To comfortably afford the median home price of $348,552 with a 20% down payment ($69,710) at today's rates (6.8%), you'd need a gross annual income of approximately $92,360. 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 $348,552, homes in Manchester are 15% below the national average.
What metro area is Manchester part of?
Manchester is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.