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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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%).
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.
$314,171
for Pennsylvania
for nation
1,922
$1,447 / per month