What's a good cap rate in Manchester?

In Manchester, cap rates typically run around 6.8% (New Hampshire state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Manchester deal lands versus this benchmark.

What's the average rent for a rental in Manchester?

A typical rental in Manchester runs about $2,127–$2,822/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in New Hampshire?

New Hampshire's effective property tax rate is about 1.93% of value per year — the figure TrueCap applies by default for Manchester deals. You can override it with the exact local rate.

Manchester, NH

Manchester rental property analysis

Manchester is New Hampshire's largest city — no state income or sales tax, Boston-commuter overflow, and tight supply driving steady rent growth.

Manchester market snapshot

Balanced market

Mid-range cap rates — cash flow and appreciation are both realistically on the table.

Typical cap rate

6.8%

New Hampshire state median

Typical rent

$2,127–$2,822/mo

HUD FMR · 2–3BR · 2026

Typical price

$330,000–$430,000

est., all-in

Property tax

1.93%

New Hampshire effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Manchester a good place to buy rentals?

Tax advantages and Boston overflow support demand and appreciation; cash flow is tight at current prices. A growth-leaning New England market.

Neighborhoods to look at in Manchester

North End

Desirable, stable, family renters.

Downtown

Walkable, younger renters.

West Side

Value-add, steady demand.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Manchester deal in 60 seconds

Paste a Manchester address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with New Hampshire tax and HUD rent so you start from the right assumptions.

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