Housing in Manchester, TN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$260,000
Median List Price
$334,900
Price Per Sq Ft
$188
Days on Market
84
Active Inventory
76
Months of Supply
3.6
Seller's market
Zillow Home Value
$316,372
ZHVI — January 2026
Zillow Rent Index
$1,645
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
19.1%
Off Market in 2 Weeks
4.5%
Sale-to-List Ratio
98.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
21
New Listings
17
Pending Sales
22
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$188
Median List $/SF
$214
Manchester vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Manchester is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$215,700
Median Rent
$897
Total Housing Units
5,155
Vacancy Rate
7.3%
Owner Occupied
54.9%
Renter Occupied
45.1%
Median Property Tax
$1,516
per year
Monthly Cost (w/ Mortgage)
$932
Housing Types
The current median sale price in Manchester, TN is $260,000 according to Redfin data. Homes spend a median of 84 days on the market. 19.1% of homes sold above asking price. The market has 3.6 months of supply. The median price per square foot is $188. Zillow's observed rent index is $1,645/month. About 54.9% of housing units are owner-occupied. The median year homes were built is 1987. There are 5,155 total housing units.