40962, Manchester, KY

Manchester, Kentucky is located in the southeastern corner of the state and has a population of just over 100,000 people. The city is home to the University of Kentucky and has been recognized as one of the best places to live in America by Forbes magazine. Home prices in Manchester have increased significantly over the past few years, reaching an all-time high of $269,900 in January 2018. This increase can be attributed to a number of factors including strong job growth and low interest rates.

The average home value in Manchester is $151,200 which makes it one of the more affordable cities in Kentucky. The city also has a low unemployment rate (3.5%) which contributes to high demand for homes. In addition, Manchester is located close to major metropolitan areas such as Louisville and Lexington which makes it an attractive place to live and work.

Despite these positive factors, there are some challenges facing home buyers in Manchester. One issue is that there are not enough homes available for sale compared to demand; this has resulted in bidding wars and elevated prices for homes on the market. Additionally, many people who want to buy a home are waiting for prices to decrease before making an offer; however, this may take some time due to strong demand from investors and limited supply.