Manchester First-Time Homebuyer Report for October

Manchester is a medium-sized city in New Hampshire with a median income of $51,132 per household. Besides being somewhat affluent, its population is much older than others with a median age of 36 years. The Manchester market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The top school in the city is Manchester Central High School.

Culture

According to Foursquare, Manchester Firing Line Range and Derryfield Country Club are the most popular outdoor attractions in Manchester. For arts and entertainment, you'll find Palace Theatre and Currier Museum of Art. And finally, recommended places to eat are Red Arrow Diner, Cactus Jacks, and Five Guys.

Price Range

Homes in Manchester are worth a median of $165,900, similar to other parts of New Hampshire. Additionally, the list prices of available homes is currently at an average of $255,751. The Manchester market made gains in this week's report, as the number of home sales spiked 66.7%, pushing the total to five homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Manchester that generated the most views from potential buyers:

$219K   $220K  

Typical Dwelling

The typical dwelling in Manchester is a three-bedroom detached home worth about $210,109. To purchase a similar home, a buyer with good credit and a $42,022 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,499 monthly payment. The property tax rate is $23.37 per $1,000 of taxable assessed value.

Get started right now by checking out Manchester homes for sale or reviewing Manchester real estate trends.


Data reported through 10/13/2016

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