Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$268,008+3.1% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$58,098About 0.8× the local median income ($70,377): affordable for a typical household
Days on market57 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.6%Zillow expects prices to rise slightly
The typical home in Manhattan, KS is worth $268,008, up 3.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $256,892, so the area is 4.3% overvalued. It is a balanced market: homes take about 57 days to sell, listings are up 13% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 3.6% over the next year. A household needs about $58,098 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,377. Typical rent is $1,262 a month, or $1,509 for a house. In the latest IRS figures, 1,100 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$268,008
Change in 1 year
+3.1%
Overvalued %
+4.3%
Show 7 more
Fair home value
$256,892
Change in 5 years
+27.2%
Zillow forecast, next 12 months
+3.6%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,452
Income needed to afford it
$58,098
Property tax rate
1.34%
Rent and investing
Typical rent
$1,262
Typical rent for houses
$1,509
Price-to-rent ratio
17.7×
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HUD Fair Market Rent, 2 bedrooms
$1,104
Gross rental yield
5.65%
Cap rate (estimate)
3.67%
Market activity
Listings vs a year ago
+12.7%
Days on market
57
Listings with a price cut
18.8%
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Homes for sale
373
Pending sales per 100 listings
44
Asking price per sq ft
$149
People and jobs
Median household income
$70,377
Population change (1 year)
+1.3%
Unemployment rate
4.1%
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Population
136,122
Income adjusted for cost of living
$78,023
Net moves in (IRS)
−1,100
Cost of living (US = 100)
90.2
Schools, risk and environment
School rating (1 to 10)
6.8
FEMA hazard risk score (0 to 100)
48.2
Flood risk score
49.6
Show 3 more
Wildfire risk score
87.7
Walkability (1 to 20)
7.0
Road, rail and air noise
53 dB
Questions people ask
Is Manhattan, KS overvalued?
Home prices in Manhattan, KS are slightly above what local incomes have historically supported: fair value is about $256,892, so the area is 4.3% overvalued.
Is Manhattan, KS a buyer's or seller's market?
Manhattan, KS is a balanced market: homes take about 57 days to sell, listings are up 13% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Manhattan, KS?
Home values in Manhattan, KS are up 3.1% over the last year. Zillow's forecast for the next 12 months is +3.6%.
How much do you need to earn to buy a home in Manhattan, KS?
A household needs about $58,098 a year to afford the typical home in Manhattan, KS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,377.