Manchester, NH—03103
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, NH
As of Oct '25, the median home price in Manchester, NH is $408,000, with a year-over-year change of 1.4%. This indicates that home prices in Manchester, NH are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $408,000 | 1.4% |
| Single Family | $421,000 | 1.0% |
| Condos | $282,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $209,000 | -2.3% |
2 Bed | $349,000 | 1.2% |
3 Bed | $430,000 | 1.2% |
4 Bed | $440,000 | 0.7% |
| 5 Bed | $503,000 | 1.8% |
% of Housing Stock
Rental Trends — Manchester, NH
As of July '25, Rentcast reports the average rent in Manchester, NH is $1,960, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Manchester, NH is studios: $1,590, 1-bedrooms: $1,570, 2-bedrooms: $1,930, 3-bedrooms: $2,200, 4-bedrooms: $2,720. The most common rental property sizes in Manchester, NH are 2-bedroom and 1-bedroom, accounting for 35.9% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,960 |
| Studio Rent | $1,220 | $1,590 |
| 1 Bed Rent | $1,670 | $1,570 |
| 2 Bed Rent | $1,920 | $1,930 |
| 3 Bed Rent | $2,000 | $2,200 |
| 4 Bed Rent | $2,650 | $2,720 |
% of Rental Stock
Property Listings — Manchester, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Manchester, NH is 26. This is a increase of 112.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | 11.0% |
Listing Count | 50 | 105.0% |
| Listings as % of Homes | 0.1% | 105.0% |
Days on Market | 26 | 112.0% |
Demographics — Manchester, NH
As of the latest ACS Survey released in 2023, Manchester, NH has a population of 37,700, which has remained stable by 0.0% over the past 5 years. Manchester, NH is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,700 | 0.0% |
% Under 18 | 19.7% | -17.2% |
% Seniors | 13.3% | 17.7% |
% WFH | 7.7% | 185.2% |
% w/ College Degree | 23.8% | 15.0% |
As of the latest ACS Survey released in 2023, Manchester, NH is a predominantly white area, with 62.0% of the population identifying as white. The white population has shrunk by 12.4% in the last 5 years. The second most common race or ethnicity in Manchester, NH is hispanic, making up 23.7% of the population. Foreign-born residents account for 22.2% of the population in Manchester, NH, and this percentage has increased by 44.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.0% | -12.4% |
% Black | 5.9% | -7.8% |
% Hispanic | 23.7% | 65.7% |
% Asian | 7.3% | 28.1% |
% Foreign Born | 22.2% | 44.2% |
Mortgage and Risk — Manchester, NH
According to HUD data as of 2023, there were 577 mortgage originations in Manchester, NH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, NH. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 577 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Manchester, NH
As of 2024, the percent of homes in Manchester, NH under the Section 8 program is 16.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Manchester, NH, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,744 |
Total Units Section 8 | 1,287 |
% Rentals under Section 8 | 16.8% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,670 | $1,290 |
| 2 Bedroom | -$230 | $1,920 | $1,690 |
| 3 Bedroom | $320 | $2,000 | $2,320 |
| 4 Bedroom | -$210 | $2,650 | $2,440 |
Affordability — Manchester, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $408,000 |
| Median Household Income | $70,000 |