Manchester, NH
Hillsborough County · Pop. 115,596
Ranked #125 of 243 cities
40Moderate
Median Home Price
🏠$350K
5.0% YoY
Median Rent
🔑$1,550
3.5% YoY
Median Income
💰$62K
Rent Burden
📊31.5%
% of income to rent
Income to Buy
🏦$101K
annual income needed
Income to Rent
📝$62K
annual income needed
Price-to-Income
⚖️5.6x
Homeownership
🏡48.0%
Rent vs. Buy
Buy
$1,863/mo
Est. mortgage (7%, 20% down)
Need $101K/yr income
Rent
$1,550/mo
Median rent
Need $62K/yr income
How Manchester Compares
| Metric | Manchester | New Hampshire | National |
|---|---|---|---|
| Home Price | $350K | $415K | $410K |
| Rent | $1,550 | $1,517 | $1,500 |
| Income | $62K | $97K | $75K |
| Rent Burden | 31.5% | 31.0% | 30.0% |
Key Takeaways
- • Home prices in Manchester are 15% lower than the national average.
- • Rent is 3% higher than the national average.
- • You need an income of $101K to comfortably buy a home here.
- • The homeownership rate is 48.0%, compared to 65.0% nationally.