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City · 115,643 residents · Hillsborough County, New Hampshire

Manchester , New Hampshire

In Manchester, a typical home is worth $365,600 and typical rent is $1,564 a month. Compared with all of Hillsborough County, typical household income is 22% lower, the typical home value is 13% lower, and the share of households that own their home is 19 points lower.

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  • Typical home value

    $365,600

    13% below the county

    9% below New Hampshire

    • Manchester
    • Hillsborough
    • New Hampshire

  • Typical rent

    $1,564a month

    4% below the county

    5% above New Hampshire

    • Manchester
    • Hillsborough
    • New Hampshire

  • Typical household income

    $81,007a year

    22% below the county

    18% below New Hampshire

    • Manchester
    • Hillsborough
    • New Hampshire

  • Households that own their home

    49%

    19 points below the county

    24 points below New Hampshire

    • Manchester
    • Hillsborough
    • New Hampshire

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$434,476
1.3% more than 12 months ago
Typical rent
$2,082 a month
3.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Manchester is in Hillsborough County. The FHA loan limit ($589,950 for a one-unit home), the fair market rents and the help on this page are those of all of Hillsborough County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Manchester apart

What this place has that others do not, from public data, most unusual first.

  1. 49% of households in Manchester own their home, against 67% in Hillsborough County.

  2. Nearby, in Suncook, the typical rent is $1,091: 30% less than in Manchester ($1,564).

  3. Nearby, in East Merrimack, the typical home value is $291,500: 20% less than in Manchester ($365,600).

  4. The typical household income in Manchester is $81,007, 22% less than in Hillsborough County as a whole ($103,545).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Manchester

What homes there are in Manchester, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Manchester there is a bit of everything: no kind of home reaches half. The most common are detached houses (36%); in Hillsborough County, 57%.

Year built

In Manchester, half of the homes were built before 1966; in Hillsborough County, before 1978.

Homes in Manchester are smaller: 44% have 3 bedrooms or more; in Hillsborough County, 56%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Hillsborough County is $589,950, and about 90% of owner-occupied homes in Manchester are worth less than that.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Hillsborough County is $2,239; about 87% of rents in Manchester are below it.

With a mortgage

$2,227 a month

Hillsborough County: $2,452 a month

Without a mortgage

$913 a month

Hillsborough County: $1,066 a month

Owners with a mortgage

67%

Hillsborough County: 67%

The typical cost for an owner with a mortgage in Manchester is $2,227 a month, less than in Hillsborough County ($2,452); without one, $913.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Manchester gained value faster than in Hillsborough County: 61% against 53%.

Much as in Hillsborough County, the typical rent in Manchester rose 38% since 2015–2019.

The typical household income in Manchester rose 33%: less than home values (+61%) and rent (+38%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureManchesterHillsborough CountyNew HampshireUnited States
Rental vacancy 4.9%3.5%4.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.4%0.9%
More than one person per room 2.0%1.6%1.4%3.4%
People per household 2.292.482.442.53
Drive alone 72%71%72%69%
Carpool 9%7%7%9%
Public transit 1%1%1%3%
Walk or bike 3%2%3%3%
Work from home 14%18%17%15%
Other means 2%1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

The rental vacancy rate in Manchester is 4.9%, higher than in Hillsborough County (3.5%).

In Manchester, 2.0% of households live with more than one person per room, about the same as in Hillsborough County.

Households in Manchester are smaller: 2.29 people on average; in Hillsborough County, 2.48.

To get to work, 72% of workers in Manchester drive alone; in Hillsborough County, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Manchester?

A typical home costs more than the typical income allows

We start with a typical home in Manchester, worth $365,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 48% of the typical household income in Manchester, which is $81,007 a year. For that payment to be 28% of income, a household would need to earn about $138,833 a year.

The calculator's FHA and conventional loan limits are those of all of Hillsborough County.

Your numbers

Local data
$

Starts at the typical home value in Manchester. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,796 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,239

at 7.18% · 30 years

Loan amount
$358,978
Total interest
$516,485
Paid off in
November 2056

Includes $6,174 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,890 a month

  • Tight

    $1,890 to $2,430 a month

  • Hard

    more than $2,430 a month

    Your payment · 48%

Compared with the typical household income in Manchester ($81,007 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,239
Principal & interest$2,432
Property tax$494
Home insurance$152
FHA mortgage insurance (MIP)$162

You need at least $12,796 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Manchester and Hillsborough County

Manchester is in Hillsborough County, New Hampshire. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Manchester's own numbers

Typical home value
$365,600
Typical monthly rent
$1,564
Typical yearly household income
$81,007
Households that own their home
49%
Effective property tax rate
1.62%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hillsborough County

FHA limit, one-unit home
$589,950
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,834–$2,239
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
1.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hillsborough County.

Everything about Hillsborough County

Buying

Buying a home in Manchester

A typical home in Manchester is worth $365,600: 13% below the county and 9% below New Hampshire. With the typical household income in Manchester ($81,007 a year), a typical home costs 4.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Manchester 4.5 years
  • Hillsborough 4.1 years
  • New Hampshire 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hillsborough County

According to FHFA’s house price index, home prices in Hillsborough County rose 110% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hillsborough County.

Period County New Hampshire U.S.
Last year (2025) +4.8% +4.7% +2.9%
5 years (2020–2025) +63% +66% +47%
10 years (2015–2025) +110% +113% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Manchester next to Hillsborough County, New Hampshire and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Manchester $365,600
  • Hillsborough $421,100
  • New Hampshire $402,500
  • United States $332,700
Typical monthly rent
  • Manchester $1,564
  • Hillsborough $1,623
  • New Hampshire $1,491
  • United States $1,413
Typical yearly household income
  • Manchester $81,007
  • Hillsborough $103,545
  • New Hampshire $99,031
  • United States $80,734
See the full table
Manchester next to Hillsborough County and New Hampshire
Measure Manchester Hillsborough County New Hampshire U.S.
Typical home value $365,600 $421,100 $402,500 $332,700
Typical monthly rent $1,564 $1,623 $1,491 $1,413
Typical yearly household income $81,007 $103,545 $99,031 $80,734
Households that own their home 49% 67% 73% 65%
Typical yearly property tax $5,922 $6,999 $6,667 $3,119
Effective property tax rate 1.62% 1.66% 1.66% 0.94%
Renters with high rent for their income 50% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hillsborough County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Manchester

For a typical $365,600 home in Manchester, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Manchester's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,239a month

    Least cash to close
    Down payment
    $12,796
    Cash to close
    $23,764
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $162

  • Conventional, 5% down $3,172a month

    Down payment
    $18,280
    Cash to close
    $29,248
    Rate
    7.18%
    Mortgage insurance
    PMI · $174

  • Conventional, 20% down, no PMI $2,627a month

    Down payment
    $73,120
    Cash to close
    $84,088
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,965a month

    Down payment
    $54,840
    Cash to close
    $65,808
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Manchester and for Hillsborough County.

Property tax

Effective rate in Manchester

1.62%of the home’s value each year

$5,922 a year for the typical owner in Manchester.

  • Manchester 1.62%
  • Hillsborough 1.66%
  • New Hampshire 1.66%

What New Hampshire publishes Deadline to apply for exemptions and credits: April 15 (New Hampshire General Court (Revised Statutes Annotated))

Exemptions and deadlines in New Hampshire

Flood risk in Hillsborough County

FEMA does not publish these numbers by city: they are for all of Hillsborough County.

Homes in the high-risk zone
1.2%
1,273
Of those, with NFIP insurance
34%
County New Hampshire U.S.
Homes in the high-risk zone 1.2% 2.8% 3.5%
Of those, with NFIP insurance 34% 26% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Manchester

Typical rent in Manchester is $1,564 a month: 4% below the county. In Manchester, 50% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for each area of Hillsborough County; Manchester is in Manchester, NH HUD Metro FMR Area. To pay the 2-bedroom one ($2,168 a month) without spending more than 30% of your income, you would need to earn $41.69 an hour working full time.

Fair market rent by size in Manchester, NH HUD Metro FMR Area

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,510 $29.04 $60,400
1 bedroom $1,657 $31.87 $66,280
2 bedrooms $2,168 $41.69 $86,720
3 bedrooms $2,583 $49.67 $103,320
4 bedrooms $2,849 $54.79 $113,960

HUD splits this county into 3 areas with different fair market rents: for 2 bedrooms they run from $1,834 to $2,239. The table by area, below, shows which one each town is in.

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Fair market rent by HUD area in Hillsborough County

HUD splits this county into 3 areas, each with its own fair market rent. Find your town in its area's list; the housing agency tells you which one it uses for your voucher.

HUD area Studio1 bd2 bd3 bd4 bdHourly wage, 2 bd
Nashua, NH HUD Metro FMR Area The area where most people live
14 towns in this area

Amherst town, Brookline town, Greenville town, Hollis town, Hudson town, Litchfield town, Mason town, Merrimack town, Milford town, Mont Vernon town, Nashua city, New Ipswich town, Pelham town, Wilton town

 $1,559$1,804$2,239$2,899$3,170$43.06
Manchester, NH HUD Metro FMR Area Manchester is in this area
4 towns in this area

Bedford town, Goffstown town, Manchester city, Weare town

 $1,510$1,657$2,168$2,583$2,849$41.69
Hillsborough County, NH (part) HUD Metro FMR Area
13 towns in this area

Antrim town, Bennington town, Deering town, Francestown town, Greenfield town, Hancock town, Hillsborough town, Lyndeborough town, New Boston town, Peterborough town, Sharon town, Temple town, Windsor town

 $1,277$1,402$1,834$2,185$3,065$35.27

HUD fair market rent by area and size, per month, Fiscal year 2027. The wage is what full-time work must pay to rent 2 bedrooms without spending more than 30% of income. Source: HUD, Fiscal year 2027 Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

By ZIP code

Fair market rent by ZIP code in Manchester

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Manchester has 5 ZIP codes with their own.

For 2 bedrooms it runs from $2,000 in 03103 to $2,710 in 03101.

  • 03101 $2,710$3,230
  • 03102 $2,120$2,530
  • 03103 $2,000$2,770
  • 03104 $2,130$2,770
  • 03109 $2,460$2,930

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Manchester when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Manchester

HUD lists 61 buildings with rents for lower incomes in Manchester. These are the largest.

  • Beech Hill 136 Beech Hill Ave, Manchester 320 homes, 288 low-income · 1 bd: 18 · 2 bd: 260 · 3 bd: 42 · In service since 1999
  • Pariseau/Burns 55 S Main St, Manchester 03102 221 low-income homes · Run by Manchester Housing & Redevelopment Authority · Average payment: $460 a month · Average wait: 32 months (603) 624-2100
  • Elmwood Gardens 120 Omalley St, Manchester 03103 200 low-income homes · Run by Manchester Housing & Redevelopment Authority · Average payment: $651 a month · Average wait: 49 months (603) 624-2100
  • OMalley/Kalivas 259 Chestnut St, Manchester 03101 200 low-income homes · Run by Manchester Housing & Redevelopment Authority · Average payment: $426 a month · Average wait: 20 months (603) 624-2100
  • Scattered Sites-Elderly 175 Massabesic St, Manchester 03103 190 low-income homes · Run by Manchester Housing & Redevelopment Authority · Average payment: $475 a month · Average wait: 27 months · Homes at several sites (603) 624-2100

See all 129 buildings in Hillsborough County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Manchester

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Hillsborough County; 1 says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Manchester

No down payment, repair or rent-help program on our list is for Manchester or Hillsborough County. The ones below are statewide in New Hampshire: they work in Manchester the same as in the rest of the state.

Which programs do I qualify for? All programs in New Hampshire

  • New Hampshire Housing Cash Downpayment Assistance

    Statewide in New Hampshire

    New Hampshire state agency cash assistance of $5,000, $10,000 or $15,000 for the down payment with an NH Housing mortgage; open to any buyer who qualifies, not only first-time buyers. Offered by New Hampshire Housing.

    Type not stated

    See the program Official page

  • 1stGenHomeNH

    Statewide in New Hampshire

    Limited funds remain, per the source

    New Hampshire state agency help of $10,000 for the down payment, closing costs and the escrow account, as a second mortgage with no interest or payments, repaid when you sell, refinance or leave the home; for first-generation buyers, people who were in foster care, or refugees or asylees. Offered by New Hampshire Housing.

    Deferred

    See the program Official page

Housing counselors near Manchester

The HUD-approved agencies closest to the center of Manchester, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Neighborworks of Southern New Hampshire

    801 Elm St, Manchester · 1 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (603) 626-4663

  • New Hampshire Housing Finance Authority

    32 Constitution Dr, Bedford · 4 miles away

    • Home improvement and repairs
    • Pre-purchase counseling
    (603) 472-8623

  • New Hampshire Housing Finance Authority

    32 Constitution Dr, Bedford · 4 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (603) 310-9287

Every agency in Hillsborough County All counseling agencies in New Hampshire

Help in Spanish near Manchester

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Manchester

HUD’s record names them for Manchester or Hillsborough County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Manchester Housing & Redevelopment Authority Public housing and Section 8 vouchers (603) 624-2100

3 other authorities have an office in Hillsborough County: see the list Source: HUD

Cities

Other cities in Hillsborough County

These cities are also in Hillsborough County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hillsborough County Housing in New Hampshire

Nearby cities

The cities closest to Manchester, with the typical home value.

Neighboring counties

If Hillsborough County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Manchester.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Manchester

Short answers with the numbers for Manchester and all of Hillsborough County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Manchester?

The typical home value in Manchester is $365,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hillsborough County it is $421,100.

How much does it cost to rent in Manchester?

Typical rent in Manchester is $1,564 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hillsborough County is $1,834–$2,239.

What is the FHA loan limit in Manchester?

Manchester uses the FHA limit for all of Hillsborough County (2026): $589,950 for a one-unit home and $1,134,550 for a four-unit home.

How much property tax do owners pay in Manchester?

The typical homeowner in Manchester pays $5,922 a year, according to the U.S. Census Bureau. That is 1.62% of the home’s value; in Hillsborough County, the rate is 1.66%.

Where can I find free help to buy or rent in Manchester?

There are 3 HUD-approved counseling agencies with an office in Hillsborough County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).