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 | Cheshire County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $195,586 | $273,705 | $242,182 |
| Price Trend (Annual %) | 5.6% | 5.1% | 8.2% |
| Median Gross Rent | $1,219 | $1,422 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cheshire County is about 29% lower than in New Hampshire. Rent is about 14% 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 Cheshire County, up about 5.6% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Cheshire County rose about 33.1% between 2015 and 2023, from $916 to $1,219. Over the same span, rent in New Hampshire rose about 42.2%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Cheshire County.
Buying the median-priced home in Cheshire County costs roughly 13.4 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 Cheshire County. The price-to-rent ratio in New Hampshire is about 16.0.
| Metric | Cheshire County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $195,586 | $273,705 | $242,182 |
| Median Household Income | $80,750 | $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 Cheshire County rose about 36.0%, while median household income rose about 44.6% 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 | Cheshire County | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 62.0% | 58.2% |
| Rental Rate | 25.3% | 23.5% | 31.3% |
| Vacancy Rate | 14.7% | 14.4% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Cheshire County has a homeownership rate of 60.0%, lower than the New Hampshire average of 62.0%. Its housing vacancy rate is 14.7%, compared with 14.4% in New Hampshire.
Housing Stock
| Metric | Cheshire County | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1968 | 1974 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Cheshire County was built around 1968. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cheshire County, New Hampshire.
What is the median home price in Cheshire County, New Hampshire?
The median home price in Cheshire County, New Hampshire is $195,586, lower than the New Hampshire average of $273,705.
What is the average home price in Cheshire 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 Cheshire County, New Hampshire?
The median gross rent in Cheshire County, New Hampshire is $1,219 per month, lower than the New Hampshire average of $1,422.
What was the median gross rent in Cheshire County in 2020?
In 2020, the median gross rent in Cheshire County, New Hampshire was $995 per month.
What is the price-to-rent ratio in Cheshire County, New Hampshire?
The price-to-rent ratio in Cheshire County, New Hampshire is about 13.4, meaning it would take roughly 13.4 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 Cheshire County.
Are home prices or rent rising faster in Cheshire County, New Hampshire?
Both home prices and rent are rising in Cheshire County, up about 5.6% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cheshire County, New Hampshire?
60.0% of households in Cheshire County, New Hampshire own their home, lower than the New Hampshire average of 62.0%.
What is the vacancy rate in Cheshire County, New Hampshire?
The housing vacancy rate in Cheshire County, New Hampshire is 14.7%, higher than the New Hampshire average of 14.4%.