Manhattan, Kansas Housing Market Prices
Manhattan Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 200% above the Kansas median$313,895
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Median rent 9% below the Kansas median$965
Housing Market Overview
| Metric | Manhattan | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $313,895 | $104,644 | $248,835 |
| Price Trend (Annual %) | 13.6% | 4.4% | 7.5% |
| Median Gross Rent | $965 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 1.5% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Manhattan is about 200% higher than in Kansas. Rent is about 9% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Manhattan, up about 13.6% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Manhattan rose about 15.1% between 2015 and 2024, from $838 to $965. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Manhattan.
Buying the median-priced home in Manhattan costs roughly 27.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Manhattan. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Manhattan | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $313,895 | $104,644 | $248,835 |
| Median Household Income | $54,676 | $74,287 | $80,455 |
| Price-to-Income Ratio | 5.7 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Manhattan rose about 128.3%, while median household income rose about 71.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Manhattan | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.9% | 60.9% | 58.5% |
| Rental Rate | 53.2% | 29.8% | 31.2% |
| Vacancy Rate | 9.9% | 9.2% | 10.2% |
| Median Tenure (years) | 8.0 | 14.0 | 15.0 |
| Median Year Moved In | 2018 | 2012 | 2011 |
Manhattan has a homeownership rate of 36.9%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 9.9%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Manhattan | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1981 | 1975 | 1978 |
| Median Number of Rooms | 5.1 | 6.0 | 5.5 |
The typical housing unit in Manhattan was built around 1981. On average, 2.1 people live in a home with about 5.1 rooms, staying for about 8.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Manhattan, Kansas.
What is the median home price in Manhattan, Kansas?
The median home price in Manhattan, Kansas is $313,895, higher than the Kansas average of $104,644.
What is the average home price in Manhattan, Kansas?
The typical home price in Manhattan, Kansas, reported as the median sale price, is $313,895. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Manhattan, Kansas?
The median gross rent in Manhattan, Kansas is $965 per month, lower than the Kansas average of $1,060.
What was the median gross rent in Manhattan in 2020?
In 2020, the median gross rent in Manhattan, Kansas was $891 per month.
What is the price-to-rent ratio in Manhattan, Kansas?
The price-to-rent ratio in Manhattan, Kansas is about 27.1, meaning it would take roughly 27.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Manhattan.
Are home prices or rent rising faster in Manhattan, Kansas?
Both home prices and rent are rising in Manhattan, up about 13.6% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Manhattan, Kansas?
36.9% of households in Manhattan, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Manhattan, Kansas?
The housing vacancy rate in Manhattan, Kansas is 9.9%, higher than the Kansas average of 9.2%.
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