Metro area index
Home appreciation in the Manchester-Nashua, NH metro area
FHFA HPI® data shows the Manchester-Nashua, NH metro area's all-transactions index changed +4.8% over the year to Q2 2026, versus +4.0% for New Hampshire and +3.0% for the U.S. That ranks 115th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +4.8%
- 5-year change
- +52.4%
- Since Q1 1995
- +385%
- Metro rank (1 year)
- 115th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Manchester-Nashua, NH vs New Hampshire and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Manchester-Nashua, NH: 485.2
- New Hampshire: 499.5
- United States: 391.6
Appreciation by time window
| Window | Metro | NH | U.S. | Gap vs NH | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.8% | +4.0% | +3.0% | +0.8 pts | +1.7 pts |
| 3 years | +20.0% | +19.3% | +12.9% | +0.8 pts | +7.2 pts |
| 5 years | +52.4% | +54.9% | +41.3% | −2.5 pts | +11.1 pts |
| 10 years | +118% | +120% | +93.3% | −2.6 pts | +24.4 pts |
| Since Q1 1995 | +385% | +400% | +292% | −14.3 pts | +93.7 pts |
3-digit ZIP regions in the Manchester-Nashua, NH area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 031 · Manchester, NH area | NH | +3.4% | +52.6% | +392% | 91% |
| 030 · Nashua, NH area | NH | +5.2% | +52.8% | +396% | 63% |
| 034 · Keene, NH area | NH | +5.5% | +61.8% | +300% | 15% |
Boom, bust, and recovery in Manchester-Nashua, NH area
Manchester-Nashua, NH area's index peaked in Q1 2006, fell 22.1% to its low in Q2 2012, and regained its peak in Q3 2018, about 12.5 years after the top. Today it sits +90.8% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2006 | Q2 2012 | -22.1% | Q3 2018 (12.5 yrs) | +90.8% |
| NH | Q1 2006 | Q2 2012 | -20.0% | Q2 2018 (12.2 yrs) | +97.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Manchester-Nashua, NH area's index has changed +119% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | NH after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.9% | +0.1% | -0.8% |
| 3 years | +9.8% | +9.3% | +8.6% | +2.8% |
| 5 years | +24.0% | +22.9% | +24.9% | +13.9% |
| 10 years | +39.1% | +56.5% | +58.4% | +39.0% |
| Since Q1 1995 | +121% | +119% | +126% | +76.8% |
If you bought in the Manchester-Nashua, NH area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +376% | $1,427,427 |
| Q2 2000 | +242% | $1,024,917 |
| Q2 2005 | +99.4% | $598,212 |
| Q2 2010 | +131% | $693,681 |
| Q2 2015 | +125% | $676,310 |
| Q2 2020 | +75.3% | $525,767 |
| Q2 2021 | +52.4% | $457,103 |
| Q2 2023 | +20.0% | $360,088 |
| Q2 2025 | +4.8% | $314,261 |
Frequently asked questions
- How much have home prices risen in the Manchester-Nashua, NH area?
- FHFA HPI® data for the Manchester-Nashua, NH metro area shows changes of +4.8% over one year, +52.4% over five years, and +118% over ten years to Q2 2026, and +385% since Q1 1995.
- Is the Manchester-Nashua, NH area beating the national average?
- Over the past year the metro's index moved +1.7 pts versus the U.S.; over five years the gap is +11.1 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.