The typical owner-occupied home in Manila is worth about $244,300, 50% below the Utah median of $489,400 and 27% below the national median of $332,700. Owners pay a median $1,281 a year in property taxes, about 0.52% of their home's value, close to the Utah rate of 0.52%. The median household earns $78,000 a year, so the median home costs 3.1 times the median income (5.1 times for Utah). 82% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Manila at a glance
| Manila | Utah | U.S. | |
|---|---|---|---|
| Median home value | $244,300 | $489,400 | $332,700 |
| Median property tax paid per year | $1,281 | $2,525 | $3,119 |
| Property tax as a share of value | 0.52% | 0.52% | 0.94% |
| Median household income | $78,000 | $95,166 | $80,734 |
| Homes lived in by their owners | 82% | 70% | 65% |
| Owner homes with a mortgage | 43% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,688 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 20.5% | 21.0% |
| Median rent | $979 | $1,496 | $1,413 |
| Rent as a share of renters' income | 22.2% | 28.9% | 30.6% |
| Median year homes were built | 1980 | 1992 | 1980 |
| Vacant homes | 71.8% | 8.1% | 10.1% |
| Population | 371 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Manila
At this week's average 30-year rate of 7.11%, buying the median Manila home of $244,300 with 20% down costs about $1,522 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,929, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $65,246 for the 20%-down payment. That payment is 23% of the median Manila household income of $78,000; at that income and 20% down, the 28% guideline points to a home of about $292,000.
The median rent here is $979 a month, so owning the median home costs about $543 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,860 |
|---|---|
| Loan amount | $195,440 |
| Principal and interest | $1,315 |
| Property taxes (0.52% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,522 |
Change the numbers in the calculator
| Down payment | $8,550 |
|---|---|
| Loan amount | $239,875 |
| Principal and interest | $1,614 |
| Property taxes (0.52% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $108 |
| Total per month | $1,929 |
Change the numbers in the calculator
Questions about home buying in Manila
What is the median home value in Manila?
About $244,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Manila?
Homeowners pay a median $1,281 a year, which is about 0.52% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Manila?
For the median home with 20% down at 7.11%, the payment is about $1,522 a month. Keeping that under 28% of gross income takes about $65,246 a year.
More about Manila
- Mortgage Refinance in Manila
- Debt Relief in Manila
- Home Equity Loans in Manila
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data