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City · 12,445 residents · Chesterfield County, Virginia

Manchester , Virginia

In Manchester, a typical home is worth $317,000 and typical rent is $1,558 a month. Compared with all of Chesterfield County, typical household income is 21% lower, the typical home value is 13% lower, and the share of households that own their home is 17 points lower.

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  • Typical home value

    $317,000

    13% below the county

    17% below Virginia

    • Manchester
    • Chesterfield
    • Virginia

  • Typical rent

    $1,558a month

    4% below the county

    About the same as Virginia

    • Manchester
    • Chesterfield
    • Virginia

  • Typical household income

    $80,296a year

    21% below the county

    14% below Virginia

    • Manchester
    • Chesterfield
    • Virginia

  • Households that own their home

    60%

    17 points below the county

    8 points below Virginia

    • Manchester
    • Chesterfield
    • Virginia

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

Manchester is in Chesterfield County. The FHA loan limit ($707,250 for a one-unit home), the fair market rents and the help on this page are those of all of Chesterfield County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Manchester apart

What this place has that others do not, from public data, most unusual first.

  1. 60% of households in Manchester own their home, against 77% in Chesterfield County.

  2. Nearby, in Bensley, the typical home value is $218,500: 31% less than in Manchester ($317,000).

  3. Nearby, in Bensley, the typical rent is $1,238: 21% less than in Manchester ($1,558).

  4. The typical household income in Manchester is $80,296, 21% less than in Chesterfield County as a whole ($101,931).

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 houses are the majority in Manchester (53%), but less so than in Chesterfield County (78%).

Year built

The typical home in Manchester was built in 1983, 7 years before the typical one in Chesterfield County.

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

$1,571 a month

Chesterfield County: $1,933 a month

Without a mortgage

$553 a month

Chesterfield County: $612 a month

Owners with a mortgage

78%

Chesterfield County: 73%

In Manchester, 78% of owners have a mortgage, and their typical cost is $1,571 a month, against $1,933 in Chesterfield County. Without one it drops to $553.

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

Since 2015–2019, homes in Manchester gained value faster than in Chesterfield County: 68% against 52%.

Rents in Manchester rose at about the same pace as in Chesterfield County: 32% since 2015–2019, against 30%.

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

MeasureManchesterChesterfield CountyVirginiaUnited States
Rental vacancy Unreliable estimate5.3%4.8%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room Unreliable estimate1.6%2.1%3.4%
People per household 2.322.662.522.53
Drive alone 70%71%68%69%
Carpool 7%7%8%9%
Public transit Unreliable estimate0%2%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 21%20%18%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.32 on average, against 2.66 in Chesterfield County.

In Manchester, 70% of workers drive alone to work; in Chesterfield County, 71%.

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 costs more than the typical income allows

We start with a typical home in Manchester, worth $317,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Manchester, which is $80,296 a year. For that payment to be 28% of income, a household would need to earn about $110,415 a year.

The calculator's FHA and conventional loan limits are those of all of Chesterfield 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 $11,095 (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

$2,576

at 7.18% · 30 years

Loan amount
$311,258
Total interest
$447,828
Paid off in
November 2056

Includes $5,353 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,874 a month

  • Tight

    $1,874 to $2,409 a month

  • Hard

    more than $2,409 a month

    Your payment · 39%

Compared with the typical household income in Manchester ($80,296 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,576
Principal & interest$2,109
Property tax$196
Home insurance$132
FHA mortgage insurance (MIP)$140

You need at least $11,095 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 Chesterfield County

Manchester is in Chesterfield County, Virginia. 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
$317,000
Typical monthly rent
$1,558
Typical yearly household income
$80,296
Households that own their home
60%
Effective property tax rate
0.74%

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

Numbers for all of Chesterfield County

FHA limit, one-unit home
$707,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,651
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
0.7%

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 Chesterfield County.

Everything about Chesterfield County

Buying

Buying a home in Manchester

A typical home in Manchester is worth $317,000: 13% below the county and 17% below Virginia. With the typical household income in Manchester ($80,296 a year), a typical home costs 3.9 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 3.9 years
  • Chesterfield 3.6 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Chesterfield County

According to FHFA’s house price index, home prices in Chesterfield County rose 96% in the 10 years through 2025.

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

Period County Virginia U.S.
Last year (2025) +2.8% +3.7% +2.9%
5 years (2020–2025) +57% +49% +47%
10 years (2015–2025) +96% +75% +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 Chesterfield County, Virginia and the U.S.

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

Typical home value
  • Manchester $317,000
  • Chesterfield $366,000
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Manchester $1,558
  • Chesterfield $1,629
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Manchester $80,296
  • Chesterfield $101,931
  • Virginia $93,170
  • United States $80,734
See the full table
Manchester next to Chesterfield County and Virginia
Measure Manchester Chesterfield County Virginia U.S.
Typical home value $317,000 $366,000 $383,700 $332,700
Typical monthly rent $1,558 $1,629 $1,579 $1,413
Typical yearly household income $80,296 $101,931 $93,170 $80,734
Households that own their home 60% 77% 67% 65%
Typical yearly property tax $2,340 $2,773 $2,790 $3,119
Effective property tax rate 0.74% 0.76% 0.73% 0.94%
Renters with high rent for their income 57% 52% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Chesterfield 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 $317,000 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 $2,576a month

    Least cash to close
    Down payment
    $11,095
    Cash to close
    $20,605
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $140

  • Conventional, 5% down $2,518a month

    Down payment
    $15,850
    Cash to close
    $25,360
    Rate
    7.18%
    Mortgage insurance
    PMI · $151

  • Conventional, 20% down, no PMI $2,046a month

    Down payment
    $63,400
    Cash to close
    $72,910
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,339a month

    Down payment
    $47,550
    Cash to close
    $57,060
    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 Chesterfield County.

Property tax

Effective rate in Manchester

0.74%of the home’s value each year

$2,340 a year for the typical owner in Manchester.

  • Manchester 0.74%
  • Chesterfield 0.76%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Chesterfield County

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

Homes in the high-risk zone
0.7%
922
Of those, with NFIP insurance
26%
County Virginia U.S.
Homes in the high-risk zone 0.7% 1.5% 3.5%
Of those, with NFIP insurance 26% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Manchester

Typical rent in Manchester is $1,558 a month: 4% below the county. In Manchester, 57% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Chesterfield County, by unit size. To pay the 2-bedroom one ($1,651 a month) without spending more than 30% of your income, you would need to earn $31.75 an hour working full time.

HUD fair market rent for all of Chesterfield 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 $1,456 $28.00 $58,240
1 bedroom $1,517 $29.17 $60,680
2 bedrooms $1,651 $31.75 $66,040
3 bedrooms $2,039 $39.21 $81,560
4 bedrooms $2,499 $48.06 $99,960

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 has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,630 in 23225 to $2,020 in 23236.

2 of the 3 are above the fair market rent for Chesterfield County ($1,651).

  • 23225 $1,630$2,010
  • 23235 $1,900$2,350
  • 23236 $2,020$2,490

3 of these ZIP codes cross 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.

There is 1 HUD-approved agency with an office in Chesterfield County; none says it serves in Spanish.

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 Chesterfield County. The ones below are statewide in Virginia: they work in Manchester the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before. Offered by Virginia Housing (Virginia Housing Development Authority).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    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.

  • Credit Restoration Institute

    31 N Providence Rd, North Chesterfield · 1 miles away

    • Budget and credit workshops
    • Workshops for new owners
    • and 4 more
    (804) 823-9601

  • Southside Community Development and Housing

    1624 Hull St, Richmond · 6 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (804) 231-4449

  • NSC (naca Counseling Subsidiary) - Richmond, VA

    1600 Brook Rd Ste C, Richmond · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (631) 370-6222

Every agency in Chesterfield County All counseling agencies in Virginia

Help in Spanish near Manchester

2 of the 3 agencies on this list say they serve 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 lists no housing authority with an office in Chesterfield County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Virginia Source: HUD

Cities

Other cities in Chesterfield County

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

Everything about Chesterfield County Housing in Virginia

Nearby cities

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

Neighboring counties

If Chesterfield 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
Two girls write and draw together at the living-room table.

Questions

Housing questions about Manchester

Short answers with the numbers for Manchester and all of Chesterfield 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 $317,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Chesterfield County it is $366,000.

How much does it cost to rent in Manchester?

Typical rent in Manchester is $1,558 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Chesterfield County is $1,651.

What is the FHA loan limit in Manchester?

Manchester uses the FHA limit for all of Chesterfield County (2026): $707,250 for a one-unit home and $1,360,100 for a four-unit home.

How much property tax do owners pay in Manchester?

The typical homeowner in Manchester pays $2,340 a year, according to the U.S. Census Bureau. That is 0.74% of the home’s value; in Chesterfield County, the rate is 0.76%.

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

There is 1 HUD-approved counseling agency with an office in Chesterfield County. 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).