According to statistics, the population in Manchester, TN amounts to 10,430, which shows decline 0% compared to the previous year. The median age of the city’s residents is 35. The average household income is $48,280, shifting growth 4% from the past year, and the average property value in Manchester, TN decline -3% to $112,100 throughout the year.
|Number Of Employees||4,744|
|Median Property Value||$112,100|
The average household income in Manchester, TN grew from $46,594 to $48,280 in the past year. This data is an estimate based upon 4,000 households in Manchester, TN . The chart below presents how household income is distributed in Manchester, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Manchester, TN shifted from $116,000 to $112,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Manchester, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Manchester, TN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Manchester, TN compared to median property taxes around the country. The prevalent amount of property taxes in Manchester, TN equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$97,966||+71.9%|
|1 bed for sale||$97,500||N/A|
|2 bed for sale||$395,000||+94.1%|
|3 bed for sale||$399,954||+7.5%|
|4+ bed for sale||$480,360||-2.8%|
During Jul 2022, the average price for an apartment in/near Manchester, TN decreased by 2.3% to $374,509.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $97,500 with no changes this month. Asking price for 2-bed apartment also increased by 94.1% and a place of this size will now cost you $395,000. A 3-bed apartment goes for $399,954, it increased by 7.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.8% and made it down to $480,360.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$391,768||+1.8%|
|Land for sale||$275,633||+109.4%|
|Condos for sale||$395,000||-24.7%|
Price reports demonstrate that house price increased by 1.8% this month making it up to $391,768. Condos faced an upward trend these days. The median price for a condo decreased by 24.7%, it’s now available for $395,000.