The typical owner-occupied home in Manchester is worth about $365,600, 9% below the New Hampshire median of $402,500 and 10% above the national median of $332,700. Owners pay a median $5,922 a year in property taxes, about 1.62% of their home's value, close to the New Hampshire rate of 1.66%. The median household earns $81,007 a year, so the median home costs 4.5 times the median income (4.1 times for New Hampshire). 49% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Manchester at a glance
| Manchester | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $365,600 | $402,500 | $332,700 |
| Median property tax paid per year | $5,922 | $6,667 | $3,119 |
| Property tax as a share of value | 1.62% | 1.66% | 0.94% |
| Median household income | $81,007 | $99,031 | $80,734 |
| Homes lived in by their owners | 49% | 73% | 65% |
| Owner homes with a mortgage | 67% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,227 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 21.9% | 21.0% |
| Median rent | $1,564 | $1,491 | $1,413 |
| Rent as a share of renters' income | 30.0% | 29.4% | 30.6% |
| Median year homes were built | 1966 | 1979 | 1980 |
| Vacant homes | 5.7% | 14.3% | 10.1% |
| Population | 115,643 | 1,394,868 | 334,922,499 |
What a typical home costs per month in Manchester
At this week's average 30-year rate of 7.11%, buying the median Manchester home of $365,600 with 20% down costs about $2,613 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,222, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $112,004 for the 20%-down payment. That payment is 39% of the median Manchester household income of $81,007; at that income and 20% down, the 28% guideline points to a home of about $264,000.
The median rent here is $1,564 a month, so owning the median home costs about $1,049 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $73,120 |
|---|---|
| Loan amount | $292,480 |
| Principal and interest | $1,968 |
| Property taxes (1.62% a year) | $494 |
| Homeowners insurance (our estimate, 0.5% a year) | $152 |
| PMI | $0 |
| Total per month | $2,613 |
Change the numbers in the calculator
| Down payment | $12,796 |
|---|---|
| Loan amount | $358,978 |
| Principal and interest | $2,415 |
| Property taxes (1.62% a year) | $494 |
| Homeowners insurance (our estimate, 0.5% a year) | $152 |
| FHA mortgage insurance | $162 |
| Total per month | $3,222 |
Change the numbers in the calculator
Questions about home buying in Manchester
What is the median home value in Manchester?
About $365,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Manchester?
Homeowners pay a median $5,922 a year, which is about 1.62% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Manchester?
For the median home with 20% down at 7.11%, the payment is about $2,613 a month. Keeping that under 28% of gross income takes about $112,004 a year.
More about Manchester
- Mortgage Refinance in Manchester
- Debt Relief in Manchester
- Home Equity Loans in Manchester
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data