ZIP Code · NH

ZIP 03101

Part of Manchester, NH

Pop. 3,201·Hillsborough County·11th most expensive ZIP in New Hampshire

Median rent (all units)

$2,244/mo

Year-over-Year

+6.6%

Month-over-Month

+2.9%

vs US Median

+$312

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 03101 · $2,244

More expensive than 72% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,890

1 BR

$2,090

2 BR

$2,740

3 BR

$3,290

4 BR+

$3,630

Research median

$2,740/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New Hampshire

Rent in ZIP 03101 changed +6.6% over the year to September 2026. Across the 20 New Hampshire ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 6 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($84,434) is $2,111 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,090); a 2-bedroom is $2,740.

Rank in Manchester

4th cheapest of 4 ZIP codes in Manchester.

Cheaper nearby

ZIP 03104, 2 miles away, rents for 15% less ($1,901/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 03101. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,928/yr

At $2,244/mo median

Location

CityManchester

StateNH

CountyHillsborough County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.6% YoY, +2.9% MoM), not inventory.

Demographics

Who lives here

ZIP 03101 (Manchester, NH) is majority renter-occupied, skews toward younger working-age adults, 46.7% of residents hold a bachelor's degree or higher.

Population

3,201

Median income

$84,434

Median age

33.8

Renters

91.2%

Age distribution

44.3%

23.7%

13.9%

Under 187.3%

18–3444.3%

35–5423.7%

55–6413.9%

65+10.8%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

65.5%

16.2%

16%

White65.5%

Black16.2%

Hispanic1.4%

Asian16%

Other0.9%

Education (25+)

24.2%

22.6%

46.7%

No HS diploma6.6%

HS diploma24.2%

Some college22.6%

Bachelor's+46.7%

Housing tenure

91.2%

Owner8.8%

Renter91.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 03101 in Manchester, NH has changed in 5 years

Income

$58,802 → $84,434

up 43.6%

Population

3,114 → 3,201

up 2.8%

Renter share

94.8% → 91.2%

-3.6 pts

Bachelor's+

49.6% → 46.7%

-2.9 pts

Median age

36.6 → 33.8

-2.8 yrs

Census figures show median household income at $84,434 today, compared with $58,802 five years earlier. The population has grown by 2.8% since 2021, moving from about 3,114 residents to roughly 3,201. Renters now make up 91.2% of households, compared with 94.8% five years ago. College-educated residents now make up 46.7% of adults here, versus 49.6% in 2021.

Community

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Local insights

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About renting in ZIP 03101

Last updated: October 17, 2026

ZIP code 03101 covers Manchester, NH. The median rent here is $2,244/mo as of October 2026. A 1-bedroom rents for a median of $2,090/mo. A 2-bedroom rents for a median of $2,740/mo.

At 32% of local median household income ($84,434/yr), ZIP 03101 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 03101?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,244/mo in ZIP 03101. The local median household income is $84,434/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 03101?

Rent in ZIP 03101 has risen 6.6% over the past year.

How does ZIP 03101 compare to other ZIPs in New Hampshire?

ZIP 03101 is in the middle among New Hampshire ZIP codes for rent, ranking #11 of 24 at $2,244/mo. Over the year to September 2026, rent in ZIP 03101 changed +6.6%, against a typical +3.4% across the 20 New Hampshire ZIP codes Zillow tracks.