How much is a home worth in ZIP code 03051?

The typical home in 03051 is worth $539,381, based on the Zillow Home Value Index.

Are home values rising in 03051?

Home values in 03051 are up 1.6% over the past year, and up 6.4% a year over five years.

What is the typical rent in 03051?

A typical home in 03051 rents for about $2,788 a month, a gross rental yield of 6.2%.

What is the property tax rate in 03051?

The effective property tax rate in 03051 is 1.5% — roughly $7,978 a year on a typical home.

ZIP code 03051 has a population of 25,557 and a median household income of $124,213.

HousingHandbookReference data

…

U.S. ZIP Code · NH03051

Hillsborough County · Manchester-Nashua, NH

Typical home value

$539,381^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.6%
5-year / yr: +6.4%
10-year / yr: +7.1%

Relative price

vs U.S.: +89.9%
vs metro: +5.1%
vs state: +13.1%

Price history

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

The typical home in 03051 is worth $539,381 — 5.1% above the Manchester-Nashua, NH median. Over the past year, values have risen 1.6%. Homes here rent for a typical $2,788 a month — a 6.2% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $2,788^[2]
Gross yield: 6.2%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $7,978^[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: 25,557^[3]
Median household income: $124,213^[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: 7
Elementary: 4
Middle: 1
High: 1

Alvirne High School
High · Grades 9–13 · Hudson School District
1,019 students
Hudson Memorial School
Middle · Grades 6–8 · Hudson School District
696 students
Nottingham West Elementary School
Elementary · Grades 2–5 · Hudson School District
442 students
Dr. H. O. Smith Elementary School
Elementary · Grades K–1 · Hudson School District
390 students
Hills Garrison Elementary School
Elementary · Grades 2–5 · Hudson School District
368 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.

Home value$Monthly rent$

Gross yield6.2%

Net yield (after ~40% expenses)3.7%

Annual rent$33,450

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,727

Loan principal$431,505

Down payment$107,876

Total interest paid$550,361

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.38

Monthly cost to own$3,842

Monthly rent$2,788

Renting is meaningfully cheaper month-to-month.

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: 6th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 6th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for highest rental yield in NHView list →

Frequently asked

How much is a home worth in ZIP code 03051?: The typical home in 03051 is worth $539,381, based on the Zillow Home Value Index.
Are home values rising in 03051?: Home values in 03051 are up 1.6% over the past year, and up 6.4% a year over five years.
What is the typical rent in 03051?: A typical home in 03051 rents for about $2,788 a month, a gross rental yield of 6.2%.
What is the property tax rate in 03051?: The effective property tax rate in 03051 is 1.5% — roughly $7,978 a year on a typical home.
Who lives in 03051?: ZIP code 03051 has a population of 25,557 and a median household income of $124,213.

#Comparable ZIPs

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

03449 vs 03051 →
Hancock CDP, NH
Typical home
$542,299
Gross yield
—
03043 vs 03051 →
Francestown CDP, NH
Typical home
$535,112
Gross yield
—
03054
East Merrimack CDP, NH
Typical home
$534,079
Gross yield
5.7%
03062
Nashua, NH
Typical home
$546,531
Gross yield
5.0%
03084
NH
Typical home
$547,625
Gross yield
—
03064
Nashua, NH
Typical home
$528,636
Gross yield
5.0%

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Pit ZIP 03051 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NH03051

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