ZIP 03103 - 860Z200US03103 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 03103 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Manchester, New Hampshire, this area offers a diverse community and a range of opportunities. This snapshot, based on 2023 data, breaks down population stats, household income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 03103 unique.

Population & Households

ZIP 03103 is home to a population of 37,659 residents, making it a moderately sized community with a vibrant mix of individuals and families. This area supports 15,345 households, reflecting a strong residential base. With 16,166 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in. For investors and business owners, this population density suggests a sizable local market to tap into for goods, services, or rental properties.

Income & Housing Costs

The median household income in ZIP 03103 stands at $70,049, pointing to a community with moderate earning power. This income level can support a range of consumer spending, which is valuable for small businesses planning to serve the area. On the housing front, the median home value is $313,500, offering a relatively accessible entry point for homebuyers compared to pricier markets nearby. For renters, the median rent is $1,322 per month, which aligns with the income levels and suggests a balanced rental market. Investors will note that these figures indicate potential for both home sales and rental income in this ZIP code.

Race & Ethnicity

ZIP 03103 boasts a diverse population, which adds to its cultural richness and appeal for businesses and residents alike. The racial composition breaks down as follows: 61.96% White, 4.57% Black, 7.27% Asian, and 23.71% Hispanic. This diversity can be a draw for small-business owners looking to cater to varied customer preferences or for families seeking an inclusive community. For real estate agents and investors, understanding this mix helps in targeting marketing efforts or assessing community needs for specific housing types or amenities.

Key Facts

• Total population: 37,659 residents in ZIP 03103.
• Total households: 15,345, supporting a strong residential base.
• Total housing units: 16,166, with a small surplus of available homes.
• Median household income: $70,049, indicating moderate earning capacity.
• Median home value: $313,500, accessible for many buyers.
• Median rent: $1,322, reflecting a balanced rental market.
• Racial diversity: 61.96% White, 23.71% Hispanic, 7.27% Asian, 4.57% Black.

What This Means for You

For homebuyers, ZIP 03103 offers a promising mix of affordability and community diversity. With a median home value of $313,500, it’s a feasible option for first-time buyers or those looking to upgrade within a reasonable budget. The slight surplus of housing units could mean less competition when searching for a property. Real estate investors and agents will find potential in both the sales and rental markets, given the median rent of $1,322 and a sizable population to support demand. Small-business owners can leverage the area’s diversity and moderate income levels to offer tailored products or services—think multicultural dining, affordable retail, or family-oriented offerings. Analysts studying market trends will appreciate the balanced demographics and housing stats as indicators of stability and growth potential in this Manchester ZIP code.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 03103? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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