FIPS 33011 · population 426,378 · part of Manchester, NH
The latest county-level Zillow ZORI is $2,156 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $1,467 | Hillsborough County, NH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,673 | Hillsborough County, NH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $2,127 | Hillsborough County, NH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $2,822 | Hillsborough County, NH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $3,001 | Hillsborough County, NH | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 33011. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Hillsborough County presents a price-and-carrying-cost tension: its $531,092 Zillow county median home value at the 2026-06 observation leaves little room for weak operating performance, so cash-flow-focused buyers need unit-level expense evidence and leverage-sensitive underwriting warrants caution. Zillow reported 2.19% year-over-year value growth, while the 2025 FHFA repeat-transaction HPI rose 4.77%. These are separate vintages and methods; they corroborate positive direction rather than a single growth rate.
Published median asking rent is $2,156 per month, yielding 4.87% gross before operating costs; it is measured market rent, not HUD's two-bedroom FMR. FMR is a payment standard and cannot substitute for rent or yield. The 1.66% effective property-tax rate adds a material carrying-cost check against that gross yield. Insurance, maintenance, vacancy, utilities, financing terms and property-level assessments are not published, preventing a net-income or debt-coverage conclusion.
Realtor.com's MLS listing-market evidence shows active supply increased, a 29-day median marketing time, and 12.27% of listings with price reductions. Those are visible supply, seller-concession, and marketing-time measures—not closed-sale prices or buyer demand by themselves. QCEW reports annual covered jobs at county workplaces, not resident employment: employment fell 1.10% while average weekly covered-worker wages rose 5.03%. Education and health services is the largest disclosed private supersector, which identifies a concentration within disclosed covered employment rather than the whole economy.
Inland flood is the dominant hazard, and modeled annual climate loss equals 0.13% of building value; flood-zone, insurance, and replacement-cost review are therefore necessary before setting expenses. Tax-return migration was slightly positive, but incoming movers had lower average income than outgoing movers, so it does not resolve renter affordability or depth. Investor purchases were 298 of 4,089 total purchases, or 7.29%; this signals some buyer competition but excludes cash purchasers and property type detail. Missing submarket rents, occupancy, sale comps, and property condition prevent a location-specific downside test.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
Zillow's June 2026 ZORI, a typical observed asking-rent index, places the county at $2,156, while the selected direct ZIP/ZCTA matches have a $2,172 median. Their observed range is $1,911 to $2,767, a $856 spread. That dispersion means a countywide rent figure is not a sufficient starting point for a search or rent comparison. The practical decision is whether a household's budget and required unit size can accommodate the relevant area's current asking-rent level, rather than whether every location will match the county figure. Among matches reporting a year-over-year ZORI change, growth spans 1.3% to 3.4%; matches without a reported change should not be ranked on momentum.
ZORI, ACS, and HUD measures answer separate questions and should not be blended into one affordability figure. The county's ACS 2024 five-year median gross rent is $1,623, a survey estimate of paid gross rent rather than a current asking-rent measure; its difference from ZORI is descriptive, not a conversion factor. Separately, the FY2026 HUD two-bedroom Fair Market Rent is $2,127, an administrative, bedroom-specific standard rather than an advertised-rent estimate. Relative to that standard, direct ZORI runs from 89.8% to 130.1%. The comparison can frame a two-bedroom benchmark, but it does not establish that any listed unit is eligible, available, or comparable in bedroom count.
ACS five-year burden and vacancy estimates offer a separate, lagged view of renter household conditions and housing stock. The county share of renter households paying 30% or more of income toward rent is 48.2%; among the selected ZCTAs, the estimate runs from 30.9% to 58.1%. Vacancy spans 2.5% to 11.5%, but it is not a current listing count and does not mechanically determine either asking rent or burden. The selected locations' 30-percent income screens range from $76,440 to $110,680, useful for preliminary budget arithmetic but not a statement of leasing qualification or tenant experience.
The direct-evidence selection is not an exhaustive county inventory: it contains 12 eligible ZIP/ZCTA matches covering 47,714 renter households. ZCTAs are Census statistical areas, not the same geography as USPS delivery ZIPs, and ZIPs can cross county lines. Each display assignment uses the county with the largest HUD residential-address share; the selected shares are at least 99.9%, yet this crosswalk convention remains a geographic limit. Before acting on any comparison, verify the property's street address and county assignment, live asking rent by bedroom, lease term, utilities and mandatory fees, occupancy and availability, concessions, and any income or program requirements.
All 12 eligible direct-evidence ZIP profiles are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 03102 | $2,040 | $1,626 | $2,127 | 49.3% | 4.4% | $82k | 100.0% |
| 03060 | $2,125 | $1,597 | $2,127 | 45.6% | 5.1% | $85k | 100.0% |
| 03103 → | $2,019 | $1,436 | $2,127 | 50.9% | 5.3% | $81k | 100.0% |
| 03104 | $1,945 | $1,561 | $2,127 | 45.8% | 6.8% | $78k | 99.9% |
| 03062 | $2,527 | $2,037 | $2,127 | 42.5% | 2.8% | $101k | 100.0% |
| 03064 | $2,197 | $1,640 | $2,127 | 46.4% | 6.5% | $88k | 100.0% |
| 03063 | $2,147 | $1,863 | $2,127 | 44.2% | 2.8% | $86k | 100.0% |
| 03055 | $1,911 | $1,661 | $2,127 | 49.2% | 3.0% | $76k | 100.0% |
| 03051 | $2,767 | $1,735 | $2,127 | 30.9% | 2.8% | $111k | 100.0% |
| 03101 | $2,355 | $1,530 | $2,127 | 32.9% | 11.5% | $94k | 100.0% |
| 03110 | $2,605 | $2,099 | $2,127 | 58.1% | 2.5% | $104k | 100.0% |
| 03054 | $2,623 | $1,932 | $2,127 | 33.5% | 2.7% | $105k | 100.0% |
Open a five-digit report for asking rent, affordability, rent history and resale liquidity. Each row keeps its ZIP/ZCTA measurement scope.
| ZIP report | City label | Zillow rent | 1Y change | ACS burden 30%+ | Population |
|---|---|---|---|---|---|
| ZIP 03102 rental reportHillsborough County | Manchester, NH | $2,040 | ▲ 2.3% | 49.3% | 33,959 |
| ZIP 03103 rental reportHillsborough County | Manchester, NH | $2,019 | ▲ 2.3% | 50.9% | 37,775 |
Zillow ZORI is an asking-rent index. ACS burden and population describe the Census ZCTA; missing observations remain n/a.
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.134% of building value expected lost per year
$6,999 median annual bill
11,676 in · 11,611 out
$84,956 arriving · $86,338 leaving
298 of 4,089 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
No. The record separately publishes median asking market rent; HUD two-bedroom FMR is a payment standard rather than an asking-rent estimate.
No. They are MLS listing-market measures of visible supply, marketing time, and price reductions, not closed-sale evidence or proof of demand by themselves.
No. It lacks property-level vacancy, insurance, maintenance, utilities, financing terms, assessments, and condition evidence.