ZIP Code · NH

ZIP 03104

Part of Manchester, NH

Pop. 35,237·Hillsborough County·20th most expensive ZIP in New Hampshire

Median rent (all units)

$1,901/mo

Year-over-Year

+2.1%

Month-over-Month

+0.4%

vs US Median

-$31

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 03104 · $1,901

More expensive than 56% 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

$1,390

1 BR

$1,540

2 BR

$2,020

3 BR

$2,550

4 BR+

$2,670

Research median

$2,020/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

Compared with the peak

Rent in ZIP 03104 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of New Hampshire

Rent in ZIP 03104 changed +2.1% over the year to September 2026. Across the 20 New Hampshire ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($88,897) is $2,222 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,020); a 3-bedroom is $2,550.

Rank in Manchester

1st cheapest of 4 ZIP codes in Manchester.

From Zillow's monthly rent index (ZORI) for ZIP 03104. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,812/yr

At $1,901/mo median

Location

CityManchester

StateNH

CountyHillsborough County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.1% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 03104 (Manchester, NH) is roughly split between renters and owners, 44% of residents hold a bachelor's degree or higher.

Population

35,237

Median income

$88,897

Median age

37.8

Renters

46.1%

Age distribution

19.2%

27%

24.4%

13.1%

16.2%

Under 1819.2%

18–3427%

35–5424.4%

55–6413.1%

65+16.2%

Gender

52%

48%

Male52%

Female48%

Race & ethnicity

79.9%

White79.9%

Black3.9%

Hispanic10.5%

Asian2.2%

Other3.5%

Education (25+)

26%

23%

44%

No HS diploma7.1%

HS diploma26%

Some college23%

Bachelor's+44%

Housing tenure

53.9%

46.1%

Owner53.9%

Renter46.1%

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

2022 vs 2026

How ZIP 03104 in Manchester, NH has changed in 5 years

Rent

$1,564 → $1,901

up 21.5%

Income

$73,574 → $88,897

up 20.8%

Population

34,557 → 35,237

up 2.0%

Renter share

43.4% → 46.1%

+2.7 pts

Bachelor's+

43.3% → 44%

+0.7 pts

Since 2022, the typical rent in ZIP 03104 in Manchester, NH has climbed from $1,564 to $1,901, a 21.5% change over five years. On the earnings side, the typical household in ZIP 03104 in Manchester, NH now reports about $88,897, up from $73,574 in 2021. The population has grown by 2.0% since 2021, moving from about 34,557 residents to roughly 35,237. Renters now make up 46.1% of households, compared with 43.4% five years ago. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 03104 in Manchester, NH reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 03104

About renting in ZIP 03104

Last updated: October 17, 2026

ZIP code 03104 covers Manchester, NH. The median rent here is $1,901/mo as of October 2026. A 1-bedroom rents for a median of $1,540/mo. A 2-bedroom rents for a median of $2,020/mo.

At 26% of local median household income ($88,897/yr), ZIP 03104 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 03104?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,901/mo in ZIP 03104. The local median household income is $88,897/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 03104?

Rent in ZIP 03104 has risen 2.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 03104 compare to other ZIPs in New Hampshire?

ZIP 03104 is one of the more affordable among New Hampshire ZIP codes for rent, ranking #20 of 24 at $1,901/mo. Over the year to September 2026, rent in ZIP 03104 changed +2.1%, against a typical +3.4% across the 20 New Hampshire ZIP codes Zillow tracks.