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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 115,141 people, 48,409 houses or apartments, and a median cost of homes of $421,581, 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 36.33% of the city's housing units. Other types of housing that are prevalent in Manchester include large apartment complexes or high rise apartments ( 32.40%), duplexes, homes converted to apartments or other small apartment buildings ( 25.90%), and a few row houses and other attached homes ( 4.78%).

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 ( 29.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.16%). There's also some housing in Manchester built between 2000 and later ( 9.46%).

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 109.25%, which ranks in the top 30% nationwide. This equates to an annual average Manchester house appreciation rate of 7.66%.

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 8.23%, which is higher than appreciation rates in 87.76% 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 2.18%, which equates to an annual appreciation rate of 9.01%.

Importantly, this makes Manchester one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

$421,581

Manchester, NH Home Prices
> $1,387,000
$1,040,001 - $1,387,000
$693,001 - $1,040,000
$554,001 - $693,000
$416,001 - $554,000
$278,001 - $416,000
$138,001 - $278,000
$69,001 - $138,000
$0 - $69,000
0.2%
0.2%
0.8%
0.8%
4.2%
4.2%
12.7%
12.7%
29.2%
29.2%
35.3%
35.3%
14.5%
14.5%
1.0%
1.0%
2.1%
2.1%
0% 100.0%
% of Homes
Average

for New hampshire

High

for nation

Number of Homes And Apartments:

48,409

Manchester Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,202 / per month

Homeownership Rate

Owners
Renters
47.0%
47.0%
53.0%
53.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.6%
5.6%
94.4%
94.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.5%
9.5%
36.1%
36.1%
25.2%
25.2%
29.3%
29.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.3%
36.3%
4.8%
4.8%
25.9%
25.9%
32.4%
32.4%
0.6%
0.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
18.4%
18.4%
36.8%
36.8%
30.6%
30.6%
10.4%
10.4%
2.3%
2.3%
0% 100.0%
% of Homes