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 | Coos County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,410 | $273,705 | $242,182 |
| Price Trend (Annual %) | 20.3% | 5.1% | 8.2% |
| Median Gross Rent | $842 | $1,422 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coos County is about 48% lower than in New Hampshire. Rent is about 41% 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 Coos County, up about 20.3% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Coos County rose about 22.0% between 2015 and 2023, from $690 to $842. Over the same span, rent in New Hampshire rose about 42.2%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Coos County.
Buying the median-priced home in Coos County costs roughly 14.1 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 Coos County. The price-to-rent ratio in New Hampshire is about 16.0.
| Metric | Coos County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,410 | $273,705 | $242,182 |
| Median Household Income | $58,664 | $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 Coos County rose about 202.0%, while median household income rose about 36.9% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Coos County | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.7% | 62.0% | 58.2% |
| Rental Rate | 17.5% | 23.5% | 31.3% |
| Vacancy Rate | 32.9% | 14.4% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Coos County has a homeownership rate of 49.7%, lower than the New Hampshire average of 62.0%. Its housing vacancy rate is 32.9%, compared with 14.4% in New Hampshire.
Housing Stock
| Metric | Coos County | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1962 | 1974 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Coos County was built around 1962. On average, 2.1 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Coos County, New Hampshire.
What is the median home price in Coos County, New Hampshire?
The median home price in Coos County, New Hampshire is $142,410, lower than the New Hampshire average of $273,705.
What is the average home price in Coos 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 Coos County, New Hampshire?
The median gross rent in Coos County, New Hampshire is $842 per month, lower than the New Hampshire average of $1,422.
What was the median gross rent in Coos County in 2020?
In 2020, the median gross rent in Coos County, New Hampshire was $724 per month.
What is the price-to-rent ratio in Coos County, New Hampshire?
The price-to-rent ratio in Coos County, New Hampshire is about 14.1, meaning it would take roughly 14.1 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 Coos County.
Are home prices or rent rising faster in Coos County, New Hampshire?
Both home prices and rent are rising in Coos County, up about 20.3% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coos County, New Hampshire?
49.7% of households in Coos County, New Hampshire own their home, lower than the New Hampshire average of 62.0%.
What is the vacancy rate in Coos County, New Hampshire?
The housing vacancy rate in Coos County, New Hampshire is 32.9%, higher than the New Hampshire average of 14.4%.