Total monthly cost of ownership
Cost to Own a Home in Manchester, Iowa
A $131,000 home here costs
$1,193per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $673. The real number is $519 higher every month — 77% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Manchester against Delaware County and Iowa
| Measure | Manchester | Delaware County |
|---|---|---|
| Median home value | $130,500 | $168,700 |
| Median property tax | $1,887 | $2,266 |
| Effective tax rate | 1.446% | 1.343% |
| Median gross rent | $743 | $743 |
| Population | 5,144 | 17,549 |
The weather behind that power bill
Manchester sits in Delaware County, which averages a high of 82.1°F in its hottest month and a low of 8.2°F in its coldest, with 38.57" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 617 cooling and 7,392 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Delaware County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Delaware County
No other places of this size are published in Delaware County.
Common questions
How much does it cost to own a home in Manchester?
A $131,000 home in Manchester, Iowa costs approximately $1,193 per month with 20% down at 6.66%. That is $673 principal and interest, $158 property tax, $57 homeowners insurance, $195 utilities and $109 set aside for maintenance.
What is the property tax rate in Manchester?
Manchester has an effective property tax rate of 1.446%, based on a median home value of $130,500 and median real estate taxes of $1,887. That is higher than the Delaware County average of 1.343%.
What is the average home price in Manchester?
The median owner-occupied home value in Manchester, Iowa is $130,500, against $168,700 across Delaware County.
Is it cheaper to rent or buy in Manchester?
Median gross rent in Manchester is $743 a month, against $1,193 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Manchester — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.