United Kingdom · Europe · Population: 550,000
Manchester is relatively affordable for homebuyers, with steady growth in property values. The city has moderate rental prices. At $280,000 average home price in United Kingdom, buyers should consider the 6.2x price-to-income ratio when planning a purchase.
| Average Home Price | $280,000 |
| Price per sqm | $3,800 |
| Price-to-Income Ratio | 6.2x |
| Mortgage Rate | 4.5% |
| 1-Year Price Change | +3.5% |
| 1-Bedroom Apartment | $1,000/mo |
| 3-Bedroom Apartment | $1,600/mo |
| Rent-to-Income Ratio | 22% |
| Median Household Income | $45,000/year |
| Years to Buy (at median income) | 6.2 years |
| Local Currency | GBP |
With a price-to-income ratio of 6.2x, Manchester offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 3.5% in the past year.
Cities worldwide with home prices closest to Manchester
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
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