Manchester, NH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Manchester, NH Housing Market Trends

With 112,673 people, 46,188 houses or apartments, and a median cost of homes of $266,802, Manchester real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Manchester, accounting for 36.14% of the city's housing units. Other types of housing that are prevalent in Manchester include large apartment complexes or high rise apartments ( 32.01%), duplexes, homes converted to apartments or other small apartment buildings ( 26.09%), and a few row houses and other attached homes ( 5.31%).

People in Manchester primarily live in small (one, two or no bedroom) single-family detached homes. Manchester has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Manchester built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Manchester built before 1939 ( 32.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.29%). There's also some housing in Manchester built between 2000 and later ( 8.66%).

Manchester Home Appreciation Rates

Appreciation rates for homes in Manchester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 36.87%, which ranks in the top 40% nationwide. This equates to an annual average Manchester house appreciation rate of 3.19%.

Appreciation rates are so strong in Manchester that despite a nationwide downturn in the housing market, Manchester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Manchester appreciation rates continue to be some of the highest in America, at 7.36%, which is higher than appreciation rates in 91.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Manchester. Manchester appreciation rates in the latest quarter were at 2.71%, which equates to an annual appreciation rate of 11.28%.

Relative to New Hampshire, our data show that Manchester's latest annual appreciation rate is lower than 60% of the other cities and towns in New Hampshire.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Manchester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manchester - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Manchester real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$266,802

Manchester, NH HOME PRICES

> $1,225,000
0.2%
0.2%
$919,001 - $1,225,000
0.1%
0.1%
$613,001 - $919,000
1.3%
1.3%
$490,001 - $613,000
2.0%
2.0%
$367,001 - $490,000
12.4%
12.4%
$245,001 - $367,000
44.7%
44.7%
$123,001 - $245,000
33.4%
33.4%
$61,001 - $123,000
4.1%
4.1%
$0 - $61,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for NH

Value Relative To Nation

Number Of Homes And Apartments:
46,188

Manchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
92.68% 3.17%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,605 / per month

Homeownership Rate

Owners
43.0%
43.0%
Renters
57.0%
57.0%
Vacant
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.7%
8.7%
1970 - 1999
34.5%
34.5%
1940 - 1969
24.3%
24.3%
1939 or Older
32.6%
32.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
36.1%
36.1%
Townhomes
5.3%
5.3%
Small Apt. Buildings
26.1%
26.1%
Apt. Complexes
32.0%
32.0%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
17.0%
17.0%
2 Bedrooms
37.5%
37.5%
3 Bedrooms
32.1%
32.1%
4 Bedrooms
8.9%
8.9%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES