Manchester, NH—03104
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 $469,000, with a year-over-year change of 2.4%. 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 | $469,000 | 2.4% |
| Single Family | $496,000 | 1.8% |
| Condos | $329,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $251,000 | 2.9% |
2 Bed | $355,000 | 1.7% |
3 Bed | $496,000 | 1.8% |
4 Bed | $564,000 | 2.0% |
| 5 Bed | $666,000 | 2.5% |
% of Housing Stock
Rental Trends — Manchester, NH
As of July '25, Rentcast reports the average rent in Manchester, NH is $2,050, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Manchester, NH is studios: $1,290, 1-bedrooms: $1,600, 2-bedrooms: $2,060, 3-bedrooms: $2,460, 4-bedrooms: $3,380. The most common rental property sizes in Manchester, NH are 2-bedroom and 1-bedroom, accounting for 44.1% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,050 |
| Studio Rent | $1,300 | $1,290 |
| 1 Bed Rent | $1,540 | $1,600 |
| 2 Bed Rent | $1,950 | $2,060 |
| 3 Bed Rent | $2,400 | $2,460 |
| 4 Bed Rent | $2,800 | $3,380 |
% 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 32. This is a increase of 56.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $522,000 | -3.0% |
Listing Count | 75 | 57.0% |
| Listings as % of Homes | 0.2% | 57.0% |
Days on Market | 32 | 56.0% |
Demographics — Manchester, NH
As of the latest ACS Survey released in 2023, Manchester, NH has a population of 35,300, which has increased by 8.2% over the past 5 years. Manchester, NH is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 43.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,300 | 8.2% |
% Under 18 | 18.6% | 8.1% |
% Seniors | 15.6% | 4.0% |
% WFH | 14.7% | 206.2% |
% w/ College Degree | 43.5% | 12.1% |
As of the latest ACS Survey released in 2023, Manchester, NH is a predominantly white area, with 78.7% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Manchester, NH is hispanic, making up 9.7% of the population. Foreign-born residents account for 9.5% of the population in Manchester, NH, and this percentage has decreased by 26.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.7% | -3.3% |
% Black | 4.2% | -19.2% |
% Hispanic | 9.7% | 36.6% |
% Asian | 2.1% | -59.6% |
% Foreign Born | 9.5% | -26.9% |
Mortgage and Risk — Manchester, NH
According to HUD data as of 2023, there were 490 mortgage originations in Manchester, NH, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, NH. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 490 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Manchester, NH
As of 2024, the percent of homes in Manchester, NH under the Section 8 program is 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Manchester, NH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 866 |
Total Units Section 8 | 693 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,540 | $1,460 |
| 2 Bedroom | -$40 | $1,950 | $1,910 |
| 3 Bedroom | -$80 | $2,400 | $2,320 |
| 4 Bedroom | -$270 | $2,800 | $2,530 |
Affordability — Manchester, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $469,000 |
| Median Household Income | $84,500 |