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City · 5,439 residents · Carroll County, Maryland

Manchester , Maryland

In Manchester, a typical home is worth $376,400. Compared with all of Carroll County, the typical home value is 13% lower.

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  • Typical home value

    $376,400

    13% below the county

    10% below Maryland

    • Manchester
    • Carroll
    • Maryland

  • Typical household income

    $121,676a year

    3% above the county

    17% above Maryland

    • Manchester
    • Carroll
    • Maryland

  • Households that own their home

    84%

    1 points below the county

    16 points above Maryland

    • Manchester
    • Carroll
    • Maryland

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$455,205
0.5% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Manchester is in Carroll County. The FHA loan limit ($747,500 for a one-unit home), the fair market rents and the help on this page are those of all of Carroll County. See the county

Data updated: October 1, 2026 11 official sources

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

As in Carroll County, most homes in Manchester are detached houses (77%).

Year built

Here half of the homes date from 1988 or later; in Carroll County, from 1983 or later.

Homes in Manchester are smaller: 71% have 3 bedrooms or more; in Carroll County, 81%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,218 a month

Carroll County: $2,342 a month

Without a mortgage

$624 a month

Carroll County: $691 a month

Owners with a mortgage

65%

Carroll County: 72%

In Manchester, 65% of owners have a mortgage, and their typical cost is $2,218 a month, against $2,342 in Carroll County. Without one it drops to $624.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Carroll County, the typical home value in Manchester rose 28% since 2015–2019.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureManchesterCarroll CountyMarylandUnited States
Rental vacancy Unreliable estimate5.0%4.7%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate0.7%2.5%3.4%
People per household 2.722.662.572.53
Drive alone 70%74%65%69%
Carpool Unreliable estimate7%8%9%
Public transit Unreliable estimate0%4%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 19%17%19%15%
Other means Unreliable estimate1%2%2%
Typical commute 30 to 39 minutes30 to 39 minutes20 to 29 minutes20 to 29 minutes

A household in Manchester has 2.72 people on average, about the same as in Carroll County (2.66).

To get to work, 70% of workers in Manchester drive alone; in Carroll County, 74%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Manchester?

A typical home is tight for the typical income

We start with a typical home in Manchester, worth $376,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Manchester, which is $121,676 a year. For that payment to be 28% of income, a household would need to earn about $135,137 a year.

The calculator's FHA and conventional loan limits are those of all of Carroll County.

Your numbers

Local data
$

Starts at the typical home value in Manchester. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,174 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,153

at 7.18% · 30 years

Loan amount
$369,582
Total interest
$531,742
Paid off in
November 2056

Includes $6,356 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,839 a month

  • Tight

    $2,839 to $3,650 a month

    Your payment · 31%

  • Hard

    more than $3,650 a month

Compared with the typical household income in Manchester ($121,676 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,153
Principal & interest$2,504
Property tax$326
Home insurance$157
FHA mortgage insurance (MIP)$166

You need at least $13,174 for the down payment, plus closing costs.

Next step

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.

The city and its county

Manchester and Carroll County

Manchester is in Carroll County, Maryland. 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's own numbers

Typical home value
$376,400
Typical yearly household income
$121,676
Households that own their home
84%
Effective property tax rate
1.04%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Carroll County

FHA limit, one-unit home
$747,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,006
Price change over 5 years (FHFA)
+41%
Homes in a high flood-risk zone
0.4%

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 Carroll County.

Everything about Carroll County

Buying

Buying a home in Manchester

A typical home in Manchester is worth $376,400: 13% below the county and 10% below Maryland. With the typical household income in Manchester ($121,676 a year), a typical home costs 3.1 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.

  • Manchester 3.1 years
  • Carroll 3.7 years
  • Maryland 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Carroll County

According to FHFA’s house price index, home prices in Carroll County rose 61% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Carroll County.

Period County Maryland U.S.
Last year (2025) +1.7% +2.7% +2.9%
5 years (2020–2025) +41% +40% +47%
10 years (2015–2025) +61% +60% +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 Carroll County, Maryland and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Manchester $376,400
  • Carroll $434,000
  • Maryland $419,900
  • United States $332,700
Typical yearly household income
  • Manchester $121,676
  • Carroll $118,211
  • Maryland $103,678
  • United States $80,734
See the full table
Manchester next to Carroll County and Maryland
Measure Manchester Carroll County Maryland U.S.
Typical home value $376,400 $434,000 $419,900 $332,700
Typical yearly household income $121,676 $118,211 $103,678 $80,734
Households that own their home 84% 84% 68% 65%
Typical yearly property tax $3,911 $3,934 $4,093 $3,119
Effective property tax rate 1.04% 0.91% 0.97% 0.94%
Renters with high rent for their income 65% 49% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Carroll 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 $376,400 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 $3,153a month

    Least cash to close
    Down payment
    $13,174
    Cash to close
    $24,466
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $166

  • Conventional, 5% down $3,084a month

    Down payment
    $18,820
    Cash to close
    $30,112
    Rate
    7.18%
    Mortgage insurance
    PMI · $179

  • Conventional, 20% down, no PMI $2,523a month

    Down payment
    $75,280
    Cash to close
    $86,572
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,871a month

    Down payment
    $56,460
    Cash to close
    $67,752
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Manchester and for Carroll County.

Property tax

Effective rate in Manchester

1.04%of the home’s value each year

$3,911 a year for the typical owner in Manchester.

  • Manchester 1.04%
  • Carroll 0.91%
  • Maryland 0.97%

What Maryland publishes Homestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))

Exemptions and deadlines in Maryland

Flood risk in Carroll County

FEMA does not publish these numbers by city: they are for all of Carroll County.

Homes in the high-risk zone
0.4%
248
Of those, with NFIP insurance
26%
County Maryland U.S.
Homes in the high-risk zone 0.4% 1.2% 3.5%
Of those, with NFIP insurance 26% 74% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Manchester

The Census Bureau publishes no typical rent for Manchester. Below are the fair market rents for Carroll County. In Manchester, 65% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Carroll County, by unit size. To pay the 2-bedroom one ($2,006 a month) without spending more than 30% of your income, you would need to earn $38.58 an hour working full time.

HUD fair market rent for all of Carroll County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,523 $29.29 $60,920
1 bedroom $1,625 $31.25 $65,000
2 bedrooms $2,006 $38.58 $80,240
3 bedrooms $2,509 $48.25 $100,360
4 bedrooms $2,789 $53.63 $111,560

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 21102.

For 2 bedrooms it is $1,680: $326 less than the fair market rent for Carroll County ($2,006).

  • 21102 $1,680$2,130

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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Manchester

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 Carroll County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Manchester

No down payment, repair or rent-help program on our list is for Manchester or Carroll County. The ones below are statewide in Maryland: they work in Manchester the same as in the rest of the state.

Which programs do I qualify for? All programs in Maryland

  • MMP 1st Time Advantage

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • MMP Flex Loans

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • Maryland SmartBuy

    Statewide in Maryland

    Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Forgivable

    See the program Official page

Housing counselors near Manchester

The HUD-approved agencies closest to the center of Manchester, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Operation Hope Pikesville MD

    1525 Town Center Pl, Pikesville · 21 miles away

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 3 more
    (470) 223-0285

  • Diversified Housing Development, Inc.

    8025 Liberty Rd, Windsor Mill · 22 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 2 more
    (410) 496-1214

  • Comprehensive Housing Assistance, Inc

    5809 Park Heights Ave, Baltimore · 23 miles away · Spanish

    Also serves in American Sign Language (ASL) and Russian.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (410) 500-5300

All counseling agencies in Maryland

Help in Spanish near Manchester

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Manchester

HUD’s record names them for Manchester or Carroll County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Carroll County Housing & Community Dev Section 8 vouchers (410) 386-3600

One other authority has an office in Carroll County: see the list Source: HUD

Cities

Other cities in Carroll County

These cities are also in Carroll County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Carroll County Housing in Maryland

Nearby cities

The cities closest to Manchester, with the typical home value.

Neighboring counties

If Carroll County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Manchester.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Manchester

Short answers with the numbers for Manchester and all of Carroll 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 $376,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Carroll County it is $434,000.

What is the FHA loan limit in Manchester?

Manchester uses the FHA limit for all of Carroll County (2026): $747,500 for a one-unit home and $1,437,500 for a four-unit home.

How much property tax do owners pay in Manchester?

The typical homeowner in Manchester pays $3,911 a year, according to the U.S. Census Bureau. That is 1.04% of the home’s value; in Carroll County, the rate is 0.91%.

Where can I find free help to buy or rent in Manchester?

We found no HUD-approved counseling agencies with an office in Carroll County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).