Manchester housing market
Typical home value
$517K
▲ 2.2% 1 yr
Typical rent
$2,165/mo
▲ 3.6% 1 yr
12-month forecast
+3.4%
#93 of 546 metros
Gross rent yield
5.0%
#407 of 546 · U.S. 6.3%
Days to pending
21 days
▲ +1 day 1 yr
Listings with a price cut
27%
▲ +2.9 pts 1 yr
Key takeaways
- 1The typical home is worth $517,399, up 2.2% in a year and up 35% over five years.
- 2Zillow forecasts home values rising 3.4% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,165/mo (+3.6% YoY), a 5.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,843/mo in principal and interest, $678 more than renting.
- 5Homes go under contract in 21 days (+1 day vs last year); 27% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 48/100, #164 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Manchester compares
| Measure | Manchester | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.2% | +1.2% | #274 |
| Home value, 5-yr change | +34.9% | +19.7% | |
| 12-month forecast | +3.4% | +1.1% | #93 |
| Rent, 1-yr change | +3.6% | +2.7% | #240 |
| Gross rent yield | 5.0% | 6.3% | #407 |
| Price-to-rent ratio | 19.9 | 15.8 | |
| Mortgage P&I on typical home | $2,843 | $2,012 | |
| Income needed to buy | $148,017 | $100,902 | |
| Days to pending | 21 | 56 |
Cities in the Manchester metro
3 cities with home value and rent data.
| Manchester | $434K | ▲ 1.3% | $2,082 | ▲ 3.5% | 5.8% |
| Nashua | $503K | ▲ 3.2% | $2,278 | ▲ 3.4% | 5.4% |
| Merrimack | $527K | ▲ 3.0% | $2,530 | ▲ 5.5% | 5.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Manchester rental ($517K, $2,165/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Manchester home.
Rent vs buy
Is it cheaper to rent or buy in Manchester?
Other New Hampshire metros
Concord, NH
$486K home$2,062 rent5.1% yield
▲ 3.1% 1 yr
Keene, NH
$389K home$1,880 rent5.8% yield
▲ 3.0% 1 yr
Laconia, NH
$508K home$1,956 rent4.6% yield
▲ 2.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.