Manhattan housing market
Typical home value
$268K
▲ 3.1% 1 yr
Typical rent
$1,262/mo
▲ 3.7% 1 yr
12-month forecast
+3.6%
#81 of 546 metros
Gross rent yield
5.7%
#317 of 546 · U.S. 6.3%
Days to pending
41 days
■ 0 days 1 yr
Listings with a price cut
28%
▲ +1.2 pts 1 yr
Key takeaways
- 1The typical home is worth $268,008, up 3.1% in a year and up 27% over five years.
- 2Zillow forecasts home values rising 3.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,262/mo (+3.7% YoY), a 5.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,473/mo in principal and interest, $211 more than renting.
- 5Homes go under contract in 41 days (0 days vs last year); 28% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 44/100, #221 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Manhattan compares
| Measure | Manhattan | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.1% | +1.2% | #188 |
| Home value, 5-yr change | +27.2% | +19.7% | |
| 12-month forecast | +3.6% | +1.1% | #81 |
| Rent, 1-yr change | +3.7% | +2.7% | #231 |
| Gross rent yield | 5.7% | 6.3% | #317 |
| Price-to-rent ratio | 17.7 | 15.8 | |
| Mortgage P&I on typical home | $1,473 | $2,012 | |
| Income needed to buy | $82,156 | $100,902 | |
| Days to pending | 41 | 56 |
Cities in the Manhattan metro
2 cities with home value and rent data.
| Manhattan | $294K | ▲ 4.5% | $1,315 | ▲ 5.3% | 5.4% |
| Junction City | $200K | ▼ 3.1% | $1,132 | ▲ 1.3% | 6.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Manhattan rental ($268K, $1,262/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Manhattan home.
Rent vs buy
Is it cheaper to rent or buy in Manhattan?
Other Kansas metros
Wichita, KS
$222K home$1,206 rent6.5% yield
▲ 2.9% 1 yr
Topeka, KS
$217K home$1,250 rent6.9% yield
▲ 1.2% 1 yr
Lawrence, KS
$336K home$1,563 rent5.6% yield
▲ 3.4% 1 yr
Hutchinson, KS
$155K home$827 rent6.4% yield
▲ 6.2% 1 yr
Salina, KS
$179K home$1,066 rent7.1% yield
▲ 4.9% 1 yr
Emporia, KS
$191K home$718 rent4.5% yield
▲ 3.4% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.