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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Manheim, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Manheim, PA Housing Market Trends

With 5,012 people, 1,922 houses or apartments, and a median cost of homes of $314,171, Manheim real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Manheim, accounting for 59.62% of the borough's housing units. Other types of housing that are prevalent in Manheim include row houses and other attached homes ( 21.92%), duplexes, homes converted to apartments or other small apartment buildings ( 15.68%), and a few large apartment complexes or high rise apartments ( 2.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manheim. Owner-occupied housing accounts for 68.47% of Manheim's homes, and 64.47% have either three or four bedrooms, which is average sized relative to America.

The housing in Manheim was primarily built before 1939 ( 49.87%), making the housing stock in Manheim some of the oldest overall in America, although there is a range of ages of homes in Manheim. The next most important housing age is between 1940-1969 ( 33.88%), followed by between 1970-1999 ( 10.93%). There's also some housing in Manheim built between 2000 and later ( 5.31%).

Manheim Home Appreciation Rates

Appreciation rates for homes in Manheim have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.11%, which ranks in the top 50% nationwide. This equates to an annual average Manheim house appreciation rate of 6.64%.

Appreciation rates are so strong in Manheim that despite a nationwide downturn in the housing market, Manheim real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Manheim appreciation rates continue to be some of the highest in America, at 9.41%, which is higher than appreciation rates in 83.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Manheim. Manheim appreciation rates in the latest quarter were at 3.45%, which equates to an annual appreciation rate of 14.52%.

Importantly, this makes Manheim one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Manheim's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$314,171

Manheim, PA Home Prices
> $1,439,000
$1,079,001 - $1,439,000
$719,001 - $1,079,000
$575,001 - $719,000
$432,001 - $575,000
$288,001 - $432,000
$144,001 - $288,000
$72,001 - $144,000
$0 - $72,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.4%
1.4%
10.0%
10.0%
45.0%
45.0%
37.6%
37.6%
1.4%
1.4%
4.6%
4.6%
0% 100.0%
% of Homes
High

for Pennsylvania

Average

for nation

Number of Homes And Apartments:

1,922

Manheim Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,447 / per month

Homeownership Rate

Owners
Renters
68.5%
68.5%
31.5%
31.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.9%
0.9%
99.1%
99.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.3%
5.3%
10.9%
10.9%
33.9%
33.9%
49.9%
49.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.6%
59.6%
21.9%
21.9%
15.7%
15.7%
2.8%
2.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
10.6%
10.6%
17.7%
17.7%
46.2%
46.2%
18.3%
18.3%
5.5%
5.5%
0% 100.0%
% of Homes