Measured FHFA data · through 2025
Home appreciation in Manchester, NH
Home prices in the Manchester-Nashua, NH area rose +10.5% a year over the five years ending 2025, by the FHFA all-transactions index, against +11.0% a year for New Hampshire as a whole. That is 0.5 points a year behind the state index.
The pace, three windows
1-year
+5.3%
2025 over 2024. New Hampshire: +5.7%.
5-year, per year
+10.5%
Compound annual pace, 2020 to 2025. New Hampshire: +11.0%.
10-year, per year
+7.9%
+114.6% in total since 2015. New Hampshire: +8.1%.
20 years against New Hampshire
Among the 409 metros with enough history to measure, that places Manchester, NH 77th nationally and 2nd of the 2 measured metros in New Hampshire. The last five years ran faster than the decade: +7.9% a year over ten years, +114.6% in total. Within the window shown, the index peaked in 2006, fell 20.7% to its 2012 low, and regained the 2006 level in 2019. The strongest single year in the window was 2022 at +15.9%, and the weakest was 2009 at -6.1%. In 2025 alone the index moved +5.3%, against +5.7% for the state.
Year by year
| 2005 | 100.0 | — | 100.0 |
|---|---|---|---|
| 2006 | 102.4 | +2.4% | 103.0 |
| 2007 | 100.0 | -2.4% | 101.4 |
| 2008 | 94.6 | -5.4% | 96.7 |
| 2009 | 88.9 | -6.1% | 90.8 |
| 2010 | 85.6 | -3.7% | 87.3 |
| 2011 | 82.9 | -3.1% | 84.5 |
| 2012 | 81.2 | -2.1% | 83.2 |
| 2013 | 81.7 | +0.7% | 83.9 |
| 2014 | 84.3 | +3.2% | 86.5 |
| 2015 | 88.0 | +4.4% | 89.9 |
| 2016 | 91.8 | +4.2% | 93.5 |
| 2017 | 96.4 | +5.1% | 98.3 |
| 2018 | 102.4 | +6.1% | 104.2 |
| 2019 | 107.2 | +4.8% | 109.5 |
| 2020 | 114.5 | +6.8% | 116.7 |
| 2021 | 132.7 | +15.8% | 135.3 |
| 2022 | 153.8 | +15.9% | 157.9 |
| 2023 | 165.8 | +7.9% | 172.0 |
| 2024 | 179.4 | +8.2% | 186.0 |
| 2025 | 188.9 | +5.3% | 196.6 |
The 2 measured metros in New Hampshire
| # | ||||
|---|---|---|---|---|
| 1 | Rockingham County-Strafford County, NH (metropolitan division) | +6.0% | +10.8% | +8.1% |
| 2 | Manchester-Nashua, NH | +5.3% | +10.5% | +7.9% |
Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-09-07. Educational data, not investment advice.
See the New Hampshire row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.
Frequently asked questions
How fast have home prices risen in Manchester, NH?
+10.5% a year over the five years ending 2025, and +7.9% a year over ten, by the FHFA all-transactions index for the Manchester-Nashua, NH area. Over ten years that is +114.6% in total. These are measured, nominal changes, not forecasts.
Is Manchester, NH appreciating faster than New Hampshire?
Over the five years ending 2025, no: +10.5% a year for the metro against +11.0% for the state, 0.5 points a year behind. Over ten years the gap is -0.2 points a year.
Does a metro average tell me what a specific home in Manchester, NH will do?
No. This page reports the measured index for the whole metro. Neighborhoods and individual homes inside it followed different paths, and a metro average conceals that spread. Use it for context, then evaluate the specific property within its own local market.
Averages end where the decision starts
These are area averages from measured history. Individual homes inside the same area follow meaningfully different paths. Good Investment ranks a specific property within its own market, with context and a confidence flag.