Housing Market Analysis · 2026

Rent vs Buy in Manhattan, KS

Local prices pre-filled. Adjust any input to match your situation.

Median Home Price $258,618
Median Rent $1,157/mo
Price-to-Rent Ratio 19x
YoY Price Change +5.7%
Income Needed $76K

Should you buy in Manhattan?

Price-to-Rent Ratio

19x — is competitive for buying

A price-to-rent ratio of 19 suggests buying may be competitive with renting in Manhattan, KS, depending on your mortgage rate and time horizon.

Monthly Cost Gap

Monthly ownership costs run about $769 above median rent in Manhattan, KS. This relatively tight gap makes the rent-vs-buy decision especially sensitive to how long you stay in the home.

Price Trends

Home prices in Manhattan, KS rose 5.7% year-over-year, meaning buyers who purchased last year already built substantial equity. High appreciation markets reward buyers who get in early.

Affordability

With an income threshold of $76K, Manhattan, KS is among the more accessible markets for first-time buyers — though the decision still hinges on how long you plan to stay.

Interactive Calculator — Manhattan Pre-filled

Values are set to Manhattan, KS medians. Change anything to match your scenario.

At 10 years

Renting wins by $73K

No breakeven in selected timeframe.

Home Purchase
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Rent & Growth Assumptions
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Down Payment$51,724
Closing Costs$7,759

Monthly Cost (Year 1)

Buy $1,926
Rent $1,157
Mortgage$1,349
Tax$237
Insurance$125
Maintenance$216

Wealth Over Time

Buyer Wealth $166,221
Renter Wealth $239,016
Breakeven No breakeven
YearBuyerRenterWinner
1$47K$73KRent
2$58K$88KRent
3$70K$103KRent
4$82K$120KRent
5$94K$137KRent
6$108K$155KRent
7$121K$174KRent
8$136K$195KRent
9$151K$216KRent
10$166K$239KRent

Common Questions — Renting vs Buying in Manhattan

Other KS Markets to Compare

See how the rent-vs-buy math stacks up in other KS cities.