ZIP Code · NH

ZIP 03103

Part of Manchester, NH

Pop. 37,775·Hillsborough County·18th most expensive ZIP in New Hampshire

Median rent (all units)

$1,994/mo

Year-over-Year

+4.5%

Month-over-Month

+0.7%

vs US Median

+$62

Reported rents

Rising (Monthly)

Be the first to discuss 03103 rents ↓

Most AffordableMost Expensive

ZIP 03103 · $1,994

More expensive than 61% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,380

1 BR

$1,390

2 BR

$1,820

3 BR

$2,550

4 BR+

$2,650

Research median

$1,820/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 03103 is at its highest level since Zillow's records here began in January 2023.

Past year vs. the rest of New Hampshire

Rent in ZIP 03103 changed +4.5% 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 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($73,540) is $1,839 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,820); a 3-bedroom is $2,550.

Rank in Manchester

2nd cheapest of 4 ZIP codes in Manchester.

From Zillow's monthly rent index (ZORI) for ZIP 03103. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,928/yr

At $1,994/mo median

Location

CityManchester

StateNH

CountyHillsborough County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.5% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 03103 (Manchester, NH) is roughly split between renters and owners, 23.8% of residents hold a bachelor's degree or higher.

Population

37,775

Median income

$73,540

Median age

38.3

Renters

50.7%

Age distribution

19.2%

26.4%

27.4%

13.1%

13.9%

Under 1819.2%

18–3426.4%

35–5427.4%

55–6413.1%

65+13.9%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

66.7%

22.9%

White66.7%

Black4.9%

Hispanic22.9%

Asian5.3%

Education (25+)

15.5%

35.9%

24.8%

23.8%

No HS diploma15.5%

HS diploma35.9%

Some college24.8%

Bachelor's+23.8%

Housing tenure

49.3%

50.7%

Owner49.3%

Renter50.7%

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

2023 vs 2026

How ZIP 03103 in Manchester, NH has changed in 5 years

Rent

$1,699 → $1,994

up 17.4%

Income

$61,743 → $73,540

up 19.1%

Population

37,602 → 37,775

up 0.5%

Renter share

54.7% → 50.7%

-4.0 pts

Bachelor's+

22.4% → 23.8%

+1.4 pts

Median age

35.9 → 38.3

+2.4 yrs

Across the past five years, the going rent in ZIP 03103 in Manchester, NH has shifted from $1,699 to $1,994, up 17.4% since 2023. On the earnings side, the typical household in ZIP 03103 in Manchester, NH now reports about $73,540, up from $61,743 in 2021. The renter share has eased from 54.7% to 50.7%, with owner-occupied housing accounting for the remainder. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 03103 in Manchester, NH reflects that arc in its own way.

Community

Discussions about ZIP 03103

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 03103

About renting in ZIP 03103

Last updated: October 17, 2026

ZIP code 03103 covers Manchester, NH. The median rent here is $1,994/mo as of October 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,820/mo.

At 33% of local median household income ($73,540/yr), ZIP 03103 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 03103?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $1,994/mo in ZIP 03103. The local median household income is $73,540/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 03103?

Rent in ZIP 03103 has risen 4.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2023.

How does ZIP 03103 compare to other ZIPs in New Hampshire?

ZIP 03103 is one of the more affordable among New Hampshire ZIP codes for rent, ranking #18 of 24 at $1,994/mo. Over the year to September 2026, rent in ZIP 03103 changed +4.5%, against a typical +3.4% across the 20 New Hampshire ZIP codes Zillow tracks.