03103, Manchester, NH

The Manchester zip code 3103 has a population of just over 30,000 people and is located in the southeastern part of the state. Home prices in this zip code have been increasing steadily for the past few years, reaching a peak in 2017 before slowly declining since then. At present, home prices are still relatively high compared to other areas of the state, but they are not as high as they were a few years ago.

One reason that home prices have been increasing in this zip code is that there is a lot of demand for housing here. Manchester is one of the fastest-growing cities in New Hampshire and has seen a lot of new development over the past few years. This growth has led to increased demand for homes and apartments, which has driven up prices. Additionally, many people who live in this area commute to work in Boston or other nearby cities, which means that they are looking for an affordable place to live that is close to their jobs.

Another factor contributing to rising home prices in this area is low interest rates. Since 2007, interest rates have been relatively low overall (although they have gone up recently), which has made it more affordable for people to borrow money to buy homes. Low interest rates also make it more attractive for developers to build new homes or renovate existing ones – both of which can increase demand for housing and drive up prices.

Overall, home prices in the 3103 zip code are still relatively high compared to other parts of New Hampshire and nationwide, but they are not as high as they were several years ago. As long as there is continued growth in Manchester and nearby areas and low interest rates continue to stay low, home values will likely continue to rise gradually over time