Manchester, New Hampshire Housing Market Prices
Manchester Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 60% below the New Hampshire median$120,457
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Median rent 5% above the New Hampshire median$1,564
Housing Market Overview
| Metric | Manchester | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,457 | $300,691 | $248,835 |
| Price Trend (Annual %) | -2.8% | 5.7% | 7.5% |
| Median Gross Rent | $1,564 | $1,490 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Manchester is about 60% lower than in New Hampshire. Rent is about 5% higher than the New Hampshire average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Manchester: home prices fell about 2.8% a year while rent rose about 5.4% a year. That is an unusual pattern worth watching.
Median rent in Manchester rose about 54.2% between 2015 and 2024, from $1,014 to $1,564. Over the same span, rent in New Hampshire rose about 49.0%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Manchester.
Buying the median-priced home in Manchester costs roughly 6.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Manchester. The price-to-rent ratio in New Hampshire is about 16.8.
| Metric | Manchester | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,457 | $300,691 | $248,835 |
| Median Household Income | $80,739 | $99,079 | $80,455 |
| Price-to-Income Ratio | 1.5 | 3.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Manchester fell about 15.8%, while median household income rose about 40.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Manchester | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.9% | 62.4% | 58.5% |
| Rental Rate | 48.5% | 23.3% | 31.2% |
| Vacancy Rate | 5.7% | 14.3% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Manchester has a homeownership rate of 45.9%, lower than the New Hampshire average of 62.4%. Its housing vacancy rate is 5.7%, compared with 14.3% in New Hampshire.
Housing Stock
| Metric | Manchester | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1964 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.6 | 5.5 |
The typical housing unit in Manchester was built around 1964. On average, 2.3 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Manchester, New Hampshire.
What is the median home price in Manchester, New Hampshire?
The median home price in Manchester, New Hampshire is $120,457, lower than the New Hampshire average of $300,691.
What is the average home price in Manchester, New Hampshire?
The typical home price in Manchester, New Hampshire, reported as the median sale price, is $120,457. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Manchester, New Hampshire?
The median gross rent in Manchester, New Hampshire is $1,564 per month, higher than the New Hampshire average of $1,490.
What was the median gross rent in Manchester in 2020?
In 2020, the median gross rent in Manchester, New Hampshire was $1,159 per month.
What is the price-to-rent ratio in Manchester, New Hampshire?
The price-to-rent ratio in Manchester, New Hampshire is about 6.4, meaning it would take roughly 6.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Manchester.
Are home prices or rent rising faster in Manchester, New Hampshire?
Home prices and rent are moving in opposite directions in Manchester: home prices fell about 2.8% a year while rent rose about 5.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Manchester, New Hampshire?
45.9% of households in Manchester, New Hampshire own their home, lower than the New Hampshire average of 62.4%.
What is the vacancy rate in Manchester, New Hampshire?
The housing vacancy rate in Manchester, New Hampshire is 5.7%, lower than the New Hampshire average of 14.3%.
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