In Manchester, a typical home is worth $139,400 and typical rent is $802 a month. Compared with all of Delaware County, the typical home value is 22% lower, typical household income is 18% lower, and the share of households that own their home is 13 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $181,969 to $231,653.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Manchester is in Delaware County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Delaware County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Oelwein, the typical home value is $96,300: 31% less than in Manchester ($139,400).
2
66% of households in Manchester own their home, against 80% in Delaware County.
3
The typical home in Manchester is worth $139,400,22% less than in Delaware County as a whole ($177,900).
4
The typical household income in Manchester is $61,191,18% less than in Delaware County as a whole ($74,989).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Manchester
What homes there are in Manchester, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Manchester
Delaware County
Iowa
United States
Kind of home: Manchester and its comparisons
Measure
Manchester
Delaware County
Iowa
United States
Detached house
73%
86%
72%
61%
Attached house
Unreliable estimate
Unreliable estimate
5%
6%
Building of 2 to 4
9%
5%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
14%
19%
Mobile home
Unreliable estimate
3%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Manchester (73%), but less so than in Delaware County (86%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Manchester
Delaware County
Iowa
United States
Year built: Manchester and its comparisons
Measure
Manchester
Delaware County
Iowa
United States
Before 1960
55%
44%
38%
26%
1960–1979
25%
22%
24%
24%
1980–1999
12%
17%
17%
25%
2000–2009
Unreliable estimate
10%
11%
14%
2010 or later
Unreliable estimate
7%
11%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K30%
$100K–$200K42%
$200K–$300K20%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Manchester and its comparisons
Measure
Manchester
Under $100K
30%
$100K–$200K
42%
$200K–$300K
20%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99975%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Manchester and its comparisons
Measure
Manchester
Under $500
Unreliable estimate
$500–$999
75%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,251 a month
Delaware County: $1,517 a month
Without a mortgage
$594 a month
Delaware County: $603 a month
Owners with a mortgage
53%
Delaware County: 55%
In Manchester, 53% of owners have a mortgage, and their typical cost is $1,251 a month, against $1,517 in Delaware County. Without one it drops to $594.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Manchester+26%
Delaware County+31%
Iowa+41%
United States+53%
Typical rent
Manchester+39%
Delaware County+23%
Iowa+23%
United States+33%
Typical household income
ManchesterNo clear change
Delaware County+18%
Iowa+24%
United States+29%
Change since 2015–2019: Manchester and its comparisons
Measure
Manchester
Delaware County
Iowa
United States
Typical home value
+26%
+31%
+41%
+53%
Typical rent
+39%
+23%
+23%
+33%
Typical household income
No clear change
+18%
+24%
+29%
From 2015–2019 to 2020–2024, the typical home value in Manchester rose 26%; in Delaware County, it rose 31%.
Rents in Manchester rose faster than in Delaware County: 39% since 2015–2019, against 23%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Manchester and its comparisons
Measure
Manchester
Delaware County
Iowa
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.6%
3.4%
People per household
2.00
2.35
2.36
2.53
Drive alone
88%
80%
76%
69%
Carpool
7%
8%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
3%
3%
Work from home
Unreliable estimate
9%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
under 10 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
Households in Manchester are smaller: 2.00 people on average; in Delaware County, 2.35.
In Manchester, 88% of workers drive alone to work; in Delaware County, 80%.
Do the math
What would you pay each month for a home in Manchester?
A typical home is within reach of the typical income
We start with a typical home in Manchester, worth $139,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 24% of the typical household income in Manchester, which is $61,191 a year.
The calculator's FHA and conventional loan limits are those of all of Delaware County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Manchester. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,879 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,215
at 7.18% · 30 years
Loan amount
$136,875
Total interest
$196,931
Paid off in
November 2056
Includes $2,354 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,428 a month
Your payment · 24%
Tight
$1,428 to $1,836 a month
Hard
more than $1,836 a month
Compared with the typical household income in Manchester ($61,191 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$927
Property tax
$168
Home insurance
$58
FHA mortgage insurance (MIP)
$62
You need at least $4,879 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,215; principal and interest $927.
The city and its county
Manchester and Delaware County
Manchester is in Delaware County, Iowa. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Manchester
Map of Delaware County, Iowa, with Manchester marked. Around it, the neighboring counties.
Manchester
Delaware County
Manchester's own numbers
Typical home value
$139,400
Typical monthly rent
$802
Typical yearly household income
$61,191
Households that own their home
66%
Effective property tax rate
1.45%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Delaware County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$927
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
9.1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Delaware County.
A typical home in Manchester is worth $139,400: 22% below the county and 33% below Iowa. With the typical household income in Manchester ($61,191 a year), a typical home costs 2.3 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Manchester2.3 years
Delaware2.4 years
Iowa2.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Delaware County
According to FHFA’s house price index, home prices in Delaware County rose 73% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Delaware County.
Yearly change in FHFA’s price index in Delaware County, 2016 to 2025
2016: +2.2% +2.2% 2016
2017: +6.7% +6.7% 2017
2018: +5.0% +5.0% 2018
2019: +1.6% +1.6% 2019
2020: +0.6% +0.6% 2020
2021: +5.9% +5.9% 2021
2022: +14.8% +14.8% 2022
2023: +7.3% +7.3% 2023
2024: +11.3% +11.3% 2024
2025: +2.1% +2.1% 2025
Change in FHFA’s price index in Delaware County, Iowa and the United States
Period
County
Iowa
U.S.
Last year (2025)
+2.1%
+3.2%
+2.9%
5 years (2020–2025)
+48%
+41%
+47%
10 years (2015–2025)
+73%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Manchester next to Delaware County, Iowa and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Manchester$139,400
Delaware$177,900
Iowa$208,000
United States$332,700
Typical monthly rent
Manchester$802
Delaware$764
Iowa$972
United States$1,413
Typical yearly household income
Manchester$61,191
Delaware$74,989
Iowa$75,059
United States$80,734
See the full table
Manchester next to Delaware County and Iowa
Measure
Manchester
Delaware County
Iowa
U.S.
Typical home value
$139,400 ▼22% below the county
$177,900
$208,000
$332,700
Typical monthly rent
$802 ▲5% above the county
$764
$972
$1,413
Typical yearly household income
$61,191 ▼18% below the county
$74,989
$75,059
$80,734
Households that own their home
66% ▼13 points below the county
80%
72%
65%
Typical yearly property tax
$2,021 ▼15% below the county
$2,382
$2,897
$3,119
Effective property tax rate
1.45% ▲0.11 points above the county
1.34%
1.39%
0.94%
Renters with high rent for their income
52% ▲6 points above the county
47%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Delaware County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Manchester
For a typical $139,400 home in Manchester, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Manchester's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,215a month
Least cash to close
Down payment
$4,879
Cash to close
$9,061
Rate
7.18%
Mortgage insurance
FHA MIP · $62
Conventional, 5% down$1,190a month
Down payment
$6,970
Cash to close
$11,152
Rate
7.18%
Mortgage insurance
PMI · $66
Conventional, 20% down, no PMI$982a month
Down payment
$27,880
Cash to close
$32,062
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,111a month
Down payment
$20,910
Cash to close
$25,092
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Manchester
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,215
$4,879
$136,875
7.18%
FHA MIP · $62
$9,061
580
Conventional, 5% down
$1,190
$6,970
$132,430
7.18%
PMI · $66
$11,152
620*
Conventional, 20% down, no PMI
$982
$27,880
$111,520
7.18%
None
$32,062
620*
ITIN, 15% down (example)
$1,111
$20,910
$118,490
8.18%
None
$25,092
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Manchester is $802 a month: 5% above the county. In Manchester, 52% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Delaware County, by unit size. To pay the 2-bedroom one ($927 a month) without spending more than 30% of your income, you would need to earn $17.83 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Delaware County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$688
$13.23
$27,520
1 bedroom
$852
$16.38
$34,080
2 bedrooms
$927
$17.83
$37,080
3 bedrooms
$1,119
$21.52
$44,760
4 bedrooms
$1,549
$29.79
$61,960
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Manchester
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Manchester is in ZIP code 52057.
For 2 bedrooms it is $930: $3 more than the fair market rent for Delaware County ($927).
Fair market rent by ZIP code and size in Manchester, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
52057
$690
$850
$930
$1,120
$1,550
ZIP code2 bd3 bd
52057 $930$1,120
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Manchester when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 4 buildings with rents for lower incomes in Manchester. These are the largest.
Bellevue/Miles/Sabula912 E Main St, Manchester 52057164 homes, 163 low-income · Run by Eastern Iowa Regional Housing Authority · Average payment: $386 a month · Average wait: 16 months · Homes at several sites(563) 556-4166
Countryside Village of Manchester500 Line St, Manchester 5205724 low-income homes · 1 bd: 24 · In service since 1997
Manchester Park III1505 N Franklin St, Manchester 5205720 low-income homes · In service since 1991 · For families
Manchester Park Apts II105 Ludland Dr, Manchester 520578 low-income homes · In service since 1991
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Delaware County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Manchester or Delaware County. The ones below are statewide in Iowa: they work in Manchester the same as in the rest of the state.
With the Iowa state authority's FirstHome mortgage, a first-time buyer can get a second loan of up to 3% of the price (maximum $10,000) or up to 5% (maximum $15,000), with no monthly payments, repaid when you sell, refinance or pay off the mortgage.Offered by Iowa Finance Authority (IFA).
Iowa state authority second loan, with the Homes for Iowans mortgage, of up to 3% of the price (maximum $10,000) or 5% (maximum $15,000) for the down payment and closing costs; no monthly payments, and for any buyer.Offered by Iowa Finance Authority (IFA).
No legal help resource on our list is for Manchester or Delaware County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Manchester and all of Delaware County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Manchester?
The typical home value in Manchester is $139,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Delaware County it is $177,900.
How much does it cost to rent in Manchester?
Typical rent in Manchester is $802 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Delaware County is $927.
What is the FHA loan limit in Manchester?
Manchester uses the FHA limit for all of Delaware County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Manchester?
The typical homeowner in Manchester pays $2,021 a year, according to the U.S. Census Bureau. That is 1.45% of the home’s value; in Delaware County, the rate is 1.34%.
Where can I find free help to buy or rent in Manchester?
We found no HUD-approved counseling agencies with an office in Delaware County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
