Real Estate Investing in Manchester, New Hampshire (03102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03102 (Manchester, NH)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Manchester, NH (03102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 03102 Manchester
The 03102 ZIP in Manchester, NH is a local-operator market. Outside capital chasing a $427K entry has to pair deep knowledge with the discount.
Rent of $2,083/mo on a $427K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 03102 sits below the stated 0.0% once reality is priced in.
Regionally, 03102 sits on the difficult end of the NH spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 03102 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 03102 is an operator game, not a passive one. Meanwhile, entry prices of $427K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Manchester:
Property Strategy for 03102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $201,601 | $1,500 | 5.4% | +11.5% | $201,601 |
| 2BR | $354,355 | $1,970 | 4.0% | +9.7% | $177,177 |
| 3BR | $448,268 | $2,360 | 3.8% | +9.1% | $149,423 |
| 4BR | $455,384 | $2,610 | 4.1% | +9.1% | $113,846 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03102 Compare?
| Metric | 03102 | Manchester | Manchester-Nashua, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $426,967 | $280,496 | N/A | $496,656 |
| 5-Year CAGR | 6.9% | 5.9% | N/A | 9.6% |
| Avg Rent | $2,083 | $1,993 | N/A | - |
| Cap Rate | 3.8% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03102 (Manchester, NH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 03102 (Manchester, NH)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Hillsborough County
Manage rentals here? List your business →Finley Property Management, LLC is a boutique firm offering leasing and full-time management for single-family homes, townhomes, condos, and small multi-unit properties in Portland. summary from their website
North Point Property Management, LLC, also known as RowCal, is an HOA & Community Association Management Company offering financial, maintenance, and construction services. summary from their website
Peloquin Realty & Property Management offers property management services and real estate sales in Southern New Hampshire, including multi-family properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $426,967 |
| Monthly Rent | $2,083 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 03102
Population: 33,755
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 03102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Bakersville School
Hillside Middle School
McDonough School
Smyth Road School
Webster School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,783 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Manchester, NH?
Expect median prices around $427K in Manchester, NH. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Does Manchester, NH favor landlords or tenants?
Rental owners in Manchester, NH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the best play in Manchester, NH?
Manchester, NH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($427K prices, $2,083/mo rents) make it a reasonable choice.
What is the rental occupancy rate in Manchester, NH?
Occupancy in Manchester, NH runs predictable with elevated vacancy. Well-priced units at $2,083/mo lease on reasonable timelines.
What does house hacking look like in Manchester, NH?
The a challenging house-hack environment in Manchester, NH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 03102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03102 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 03102 ranks in Manchester-Nashua, NH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 03102 (Manchester)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 03102 (Manchester, NH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.