Home Values in Manchester, New Hampshire — 2026 Market Report
Updated March 2026 | Balanced Market | +4.6% YoY
The median home value in Manchester, New Hampshire is $375,000 as of March 2026, which is near the national median of $400,000. Home values in Manchester have increased by 4.6% over the past year and 25.2% over the last five years. With a population of 115,644 and a median household income of $62,250, the price-to-income ratio stands at 6.0x, making Manchester affordable for the average household.
Manchester Housing Market Conditions
| Metric | Manchester | National Avg |
|---|---|---|
| Median Home Value | $375,000 | $400,000 |
| YoY Appreciation | +4.6% | +3.8% |
| 5-Year Appreciation | +25.2% | +22.4% |
| Price per Sq Ft | $138 | $222 |
| Days on Market | 56 days | 45 days |
| Months of Supply | 4.3 | 3.5 |
| List-to-Sale Ratio | 97.5% | 98.5% |
| Monthly Homes Sold | 69 | — |
| Foreclosure Rate | 0.58% | 0.3% |
Home Value Trends in Manchester
A homeowner who purchased at the median price of $299,521 five years ago in Manchester would have gained approximately $75,479 in equity, representing a 25.2% return on investment. Over the past year alone, the typical homeowner gained $16,491 in home equity.
Affordability in Manchester, NH
With a median household income of $62,250 and a median home price of $375,000, the price-to-income ratio in Manchester is 6.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,842 compared to estimated monthly ownership costs of $2,434 gives a rent-vs-buy ratio of 0.86. In Manchester, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Manchester
The effective property tax rate in New Hampshire is 2.09%. On a home valued at $375,000, the estimated annual property tax bill is $7,838, or approximately $653/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Manchester is 108.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Manchester, NH?
The median home value in Manchester, New Hampshire is $375,000 as of March 2026. Home values have changed +4.6% over the past year, with a 5-year appreciation of 25.2%.
Is Manchester a buyer's or seller's market?
Manchester is currently a balanced market with 4.3 months of housing supply. Homes spend an average of 56 days on market, and the list-to-sale price ratio is 97.5%. Supply and demand are relatively balanced.
Are home values going up in Manchester?
Yes, home values in Manchester have increased by 4.6% over the past year. The 5-year appreciation rate is 25.2%, meaning a home worth $299,521 five years ago is now worth $375,000.
Is it better to rent or buy in Manchester?
The average monthly rent in Manchester is $2,842, while estimated monthly homeownership costs are approximately $2,434. The price-to-rent ratio is 11. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other New Hampshire Cities
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Disclaimer: Home value data for Manchester, New Hampshire is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.