ZIP Code · NH

ZIP 03102

Part of Manchester, NH

Pop. 33,959·Hillsborough County·15th most expensive ZIP in New Hampshire

Median rent (all units)

$2,112/mo

Year-over-Year

+4.8%

Month-over-Month

+0.8%

vs US Median

+$180

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 03102 · $2,112

More expensive than 67% 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

$1,360

1 BR

$1,500

2 BR

$1,970

3 BR

$2,360

4 BR+

$2,610

Research median

$1,970/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

Cheapest month to sign

April. Asking rents in ZIP 03102 usually run 0.6% below trend in April and 0.6% above it in August, about $25 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 03102 is at its highest level since Zillow's records here began in February 2021.

Past year vs. the rest of New Hampshire

Rent in ZIP 03102 changed +4.8% 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 11 of the last 12 months.

What a typical income covers

30% of the median household income ($74,327) is $1,858 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,500); a 2-bedroom is $1,970.

Rank in Manchester

3rd cheapest of 4 ZIP codes in Manchester.

From Zillow's monthly rent index (ZORI) for ZIP 03102. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,344/yr

At $2,112/mo median

Location

CityManchester

StateNH

CountyHillsborough County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.8% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 03102 (Manchester, NH) is majority renter-occupied, 35.1% of residents hold a bachelor's degree or higher.

Population

33,959

Median income

$74,327

Median age

36.8

Renters

59%

Age distribution

17%

29.7%

26.4%

15.7%

Under 1817%

18–3429.7%

35–5426.4%

55–6411.2%

65+15.7%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

75.7%

White75.7%

Black5.2%

Hispanic9.6%

Asian4.9%

Other4.5%

Education (25+)

26.5%

28.6%

35.1%

No HS diploma9.8%

HS diploma26.5%

Some college28.6%

Bachelor's+35.1%

Housing tenure

41%

59%

Owner41%

Renter59%

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

2021 vs 2026

How ZIP 03102 in Manchester, NH has changed in 5 years

Rent

$1,490 → $2,112

up 41.7%

Income

$60,103 → $74,327

up 23.7%

Population

33,924 → 33,959

up 0.1%

Renter share

63.7% → 59%

-4.7 pts

Bachelor's+

28.8% → 35.1%

+6.3 pts

Median age

35.1 → 36.8

+1.7 yrs

Compared with 2021, rent in ZIP 03102 in Manchester, NH has climbed by $622 per month, settling near $2,112 after starting the period at $1,490. Household income in the area moved from $60,103 to $74,327 across the same window, up 23.7% versus 2021. Rent outpaced income growth by roughly 18.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 59% of households rent today, against 63.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 28.8% to 35.1%. Reading these numbers side by side helps frame whether current listings in ZIP 03102 in Manchester, NH look reasonable against where the market sat half a decade ago.

Community

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About renting in ZIP 03102

Last updated: October 17, 2026

ZIP code 03102 covers Manchester, NH. The median rent here is $2,112/mo as of October 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,970/mo.

At 34% of local median household income ($74,327/yr), ZIP 03102 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 03102?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (about $40/hour full-time) to afford the median rent of $2,112/mo in ZIP 03102. The local median household income is $74,327/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 03102?

Rent in ZIP 03102 has risen 4.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2021.

When is the cheapest time to rent in ZIP 03102?

Asking rents in ZIP 03102 are usually lowest in April, about 0.6% below their yearly trend, and highest in August, about 0.6% above it. At today's median that is a gap of roughly $25 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 03102 compare to other ZIPs in New Hampshire?

ZIP 03102 is in the middle among New Hampshire ZIP codes for rent, ranking #15 of 24 at $2,112/mo. Over the year to September 2026, rent in ZIP 03102 changed +4.8%, against a typical +3.4% across the 20 New Hampshire ZIP codes Zillow tracks.