Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Belknap County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,761 | $273,705 | $242,182 |
| Price Trend (Annual %) | 0.7% | 5.1% | 8.2% |
| Median Gross Rent | $1,183 | $1,422 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Belknap County is about 24% lower than in New Hampshire. Rent is about 17% lower than the New Hampshire average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Belknap County, up about 0.7% and 3.8% a year respectively. Rent is changing faster.
Median rent in Belknap County rose about 30.8% between 2015 and 2023, from $904 to $1,183. Over the same span, rent in New Hampshire rose about 42.2%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Belknap County.
Buying the median-priced home in Belknap County costs roughly 14.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Belknap County. The price-to-rent ratio in New Hampshire is about 16.0.
| Metric | Belknap County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,761 | $273,705 | $242,182 |
| Median Household Income | $87,472 | $96,071 | $78,145 |
| Price-to-Income Ratio | 2.4 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Belknap County fell about 9.2%, while median household income rose about 57.9% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Belknap County | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.1% | 62.0% | 58.2% |
| Rental Rate | 14.4% | 23.5% | 31.3% |
| Vacancy Rate | 32.5% | 14.4% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Belknap County has a homeownership rate of 53.1%, lower than the New Hampshire average of 62.0%. Its housing vacancy rate is 32.5%, compared with 14.4% in New Hampshire.
Housing Stock
| Metric | Belknap County | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1972 | 1974 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Belknap County was built around 1972. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Belknap County, New Hampshire.
What is the median home price in Belknap County, New Hampshire?
The median home price in Belknap County, New Hampshire is $208,761, lower than the New Hampshire average of $273,705.
What is the average home price in Belknap County, New Hampshire?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Belknap County, New Hampshire?
The median gross rent in Belknap County, New Hampshire is $1,183 per month, lower than the New Hampshire average of $1,422.
What was the median gross rent in Belknap County in 2020?
In 2020, the median gross rent in Belknap County, New Hampshire was $1,039 per month.
What is the price-to-rent ratio in Belknap County, New Hampshire?
The price-to-rent ratio in Belknap County, New Hampshire is about 14.7, meaning it would take roughly 14.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Belknap County.
Are home prices or rent rising faster in Belknap County, New Hampshire?
Both home prices and rent are rising in Belknap County, up about 0.7% and 3.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Belknap County, New Hampshire?
53.1% of households in Belknap County, New Hampshire own their home, lower than the New Hampshire average of 62.0%.
What is the vacancy rate in Belknap County, New Hampshire?
The housing vacancy rate in Belknap County, New Hampshire is 32.5%, higher than the New Hampshire average of 14.4%.