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  4. /Manchester, NH - 03103

Manchester, NH—03103

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$423,000
0.9% YoY Growth
Household Income
$70,000
27.2% YoY Growth
Days on Market
36
11.0% Longer YoY
Home Price Forecast
2.8%
Median Rent
$1,900
5.9% YoY Growth
1-Bed Rent
$1,670
1.3% YoY Growth
2-Bed Rent
$1,920
7.8% YoY Growth
3-Bed Rent
$2,000
2.3% YoY Growth

Other Zip Codes in Manchester, NH

03101031020310903104
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Manchester, NH

As of May '26, the median home price in Manchester, NH is $423,000, with a year-over-year change of 0.9%. This indicates that home prices in Manchester, NH are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$423,0000.9%
Single Family $437,0000.9%
Condos $290,0004.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $209,000
    -0.9%
    2 Bed
    		$358,0001.1%
    3 Bed
    		$445,0000.9%
    4 Bed
    		$456,0000.9%
    5 Bed $520,7060.9%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    19.1%
    2 Bedrooms
    31.1%
    3 Bedrooms
    32.8%
    4 Bedrooms
    13.6%
    5+ Bedrooms
    2.5%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    1.5%
    1 Bedroom
    30.4%
    2 Bedrooms
    35.9%
    3 Bedrooms
    24.4%
    4 Bedrooms
    6.0%
    5+ Bedrooms
    1.8%

    Property Listings — Manchester, NH

    As of May '26, Realtor.com reports that the median days on market for a home in Manchester, NH is 36. This is a increase of 11.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$420,0000.0%
    Listing Count
    		6425.0%
    Listings as % of Homes0.1%25.0%
    Days on Market
    		3611.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		37,7000.0%
    % Under 18
    		19.7%-17.2%
    % Seniors
    		13.3%17.7%
    % WFH
    		7.7%185.2%
    % w/ College Degree
    		23.8%15.0%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.1
    Median Home Price$423,000
    Median Household Income$70,000

    Manchester, NH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Manchester, NH

    03101

    Manchester, NH

    03109

    Manchester, NH

    03104

    Manchester, NH

    03102

    Bedford, NH

    03110

    Frequently Asked Questions