Manchester, NH—03102
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 $412,000, with a year-over-year change of 1.9%. 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 | $412,000 | 1.9% |
| Single Family | $431,000 | 1.7% |
| Condos | $284,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $202,000 | 0.0% |
2 Bed | $354,000 | 1.1% |
3 Bed | $448,000 | 1.6% |
4 Bed | $455,000 | 1.3% |
| 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 $2,100, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Manchester, NH is studios: $1,510, 1-bedrooms: $1,760, 2-bedrooms: $2,170, 3-bedrooms: $2,370, 4-bedrooms: $2,700. The most common rental property sizes in Manchester, NH are 2-bedroom and 1-bedroom, accounting for 49.8% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,100 |
| Studio Rent | $1,370 | $1,510 |
| 1 Bed Rent | $1,700 | $1,760 |
| 2 Bed Rent | $1,900 | $2,170 |
| 3 Bed Rent | $2,200 | $2,370 |
| 4 Bed Rent | $2,400 | $2,700 |
% 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 18. This is a increase of 25.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 4.0% |
Listing Count | 46 | 27.0% |
| Listings as % of Homes | 0.2% | 27.0% |
Days on Market | 18 | 25.0% |
Demographics — Manchester, NH
As of the latest ACS Survey released in 2023, Manchester, NH has a population of 33,800, which has increased by 3.7% over the past 5 years. Manchester, NH is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,800 | 3.7% |
% Under 18 | 16.2% | -12.9% |
% Seniors | 16.2% | 18.2% |
% WFH | 13.7% | 372.4% |
% w/ College Degree | 32.7% | 26.7% |
As of the latest ACS Survey released in 2023, Manchester, NH is a predominantly white area, with 75.4% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Manchester, NH is hispanic, making up 8.6% of the population. Foreign-born residents account for 14.3% of the population in Manchester, NH, and this percentage has increased by 11.7% 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 | 75.4% | -4.9% |
% Black | 5.9% | 3.5% |
% Hispanic | 8.6% | -4.4% |
% Asian | 5.1% | 10.9% |
% Foreign Born | 14.3% | 11.7% |
Mortgage and Risk — Manchester, NH
According to HUD data as of 2023, there were 523 mortgage originations in Manchester, NH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, NH. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 523 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Manchester, NH
As of 2024, the percent of homes in Manchester, NH under the Section 8 program is 10.2%. 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. 3-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 1,423 |
Total Units Section 8 | 933 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,700 | $1,430 |
| 2 Bedroom | -$30 | $1,900 | $1,870 |
| 3 Bedroom | $50 | $2,200 | $2,250 |
| 4 Bedroom | $80 | $2,400 | $2,480 |
Affordability — Manchester, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $412,000 |
| Median Household Income | $69,900 |