HousingHandbookReference data

U.S. ZIP Code · NH03031

Hillsborough County · Manchester-Nashua, NH

Typical home value

$662,609[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.9%
5-year / yr
+7.6%
10-year / yr
+7.5%

Relative price

vs U.S.
+133.3%
vs metro
+29.1%
vs state
+38.9%
ZIP 03031 location in NH
Location of ZIP 03031 in NH

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 03031 is worth $662,609 — 29.1% above the Manchester-Nashua, NH median. Over the past year, values have risen 1.9%. The effective property tax rate is 1.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.9%[3]
Typical annual tax
$12,287[3]

#Climate risk

FEMA National Risk Index ratings for Hillsborough County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Relatively Moderate
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
11,849[3]
Median household income
$153,125[3]

#Migration

Household moves in and out of Hillsborough County over a year, from IRS tax-return data.

Net migration
+22[5]
Moved in
11,745
Moved out
11,723

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • Clark-Wilkins School

    Elementary · Grades PK–4 · Amherst School District

    697 students

  • Souhegan Coop High School

    High · Grades 9–12 · Souhegan Cooperative School District

    691 students

  • Amherst Middle School

    Middle · Grades 5–8 · Amherst School District

    644 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$3,351
Loan principal$530,087
Down payment$132,522
Total interest paid$676,097

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$4,924
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
73rd percentile[1]
Rental yield
[2]
Property tax
88th percentile[3]

Frequently asked

How much is a home worth in ZIP code 03031?
The typical home in 03031 is worth $662,609, based on the Zillow Home Value Index.
Are home values rising in 03031?
Home values in 03031 are up 1.9% over the past year, and up 7.6% a year over five years.
What is the property tax rate in 03031?
The effective property tax rate in 03031 is 1.9% — roughly $12,287 a year on a typical home.
Who lives in 03031?
ZIP code 03031 has a population of 11,849 and a median household income of $153,125.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • NH

    Typical home
    $660,191
    Gross yield
  • NH

    Typical home
    $668,163
    Gross yield
  • NH

    Typical home
    $683,301
    Gross yield
  • Klondike Corner CDP, NH

    Typical home
    $629,804
    Gross yield
  • NH

    Typical home
    $610,391
    Gross yield
  • NH

    Typical home
    $769,317
    Gross yield
    4.6%

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