Manchester, NH—03109
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 $451,000, 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 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $451,000 | 1.4% |
| Single Family | $475,000 | 1.1% |
| Condos | $265,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $193,000 | 3.2% |
2 Bed | $362,000 | 0.8% |
3 Bed | $493,000 | 1.4% |
4 Bed | $520,000 | 0.8% |
| 5 Bed | N/A | N/A |
% 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 -8.9%. Per bedroom, the median rent as of July '25 in Manchester, NH is 1-bedrooms: $1,500, 2-bedrooms: $2,140, 3-bedrooms: $2,250. The most common rental property sizes in Manchester, NH are 2-bedroom and 1-bedroom, accounting for 55.0% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,010 | $2,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,500 |
| 2 Bed Rent | $2,010 | $2,140 |
| 3 Bed Rent | $2,250 | $2,250 |
| 4 Bed Rent | N/A | N/A |
% 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 22. This is a increase of 18.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $515,000 | 14.0% |
Listing Count | 25 | 119.0% |
| Listings as % of Homes | 0.2% | 119.0% |
Days on Market | 22 | 18.0% |
Demographics — Manchester, NH
As of the latest ACS Survey released in 2023, Manchester, NH has a population of 10,100, which has decreased by -4.1% over the past 5 years. Manchester, NH is a less popular place for families, as children make up 14.3% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,100 | -4.1% |
% Under 18 | 14.3% | -29.9% |
% Seniors | 17.6% | 30.4% |
% WFH | 15.1% | 91.1% |
% w/ College Degree | 34.0% | 24.5% |
As of the latest ACS Survey released in 2023, Manchester, NH is a predominantly white area, with 90.0% of the population identifying as white. The white population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Manchester, NH is asian, making up 2.3% of the population. Foreign-born residents account for 3.9% of the population in Manchester, NH, and this percentage has decreased by 48.7% 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 | 90.0% | 4.4% |
% Black | 0.8% | -79.5% |
% Hispanic | 1.5% | -44.4% |
% Asian | 2.3% | -50.0% |
% Foreign Born | 3.9% | -48.7% |
Mortgage and Risk — Manchester, NH
According to HUD data as of 2023, there were 272 mortgage originations in Manchester, NH, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, NH. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 272 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Manchester, NH
Manchester, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 89 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,300 | $1,650 |
| 2 Bedroom | $150 | $2,010 | $2,160 |
| 3 Bedroom | $350 | $2,250 | $2,600 |
| 4 Bedroom | N/A | N/A | $2,860 |
Affordability — Manchester, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $451,000 |
| Median Household Income | $108,000 |