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 | Grafton County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,324 | $273,705 | $242,182 |
| Price Trend (Annual %) | 7.1% | 5.1% | 8.2% |
| Median Gross Rent | $1,292 | $1,422 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grafton County is about 11% lower than in New Hampshire. Rent is about 9% 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 Grafton County, up about 7.1% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Grafton County rose about 46.8% between 2015 and 2023, from $880 to $1,292. Over the same span, rent in New Hampshire rose about 42.2%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Grafton County.
Buying the median-priced home in Grafton County costs roughly 15.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Grafton County. The price-to-rent ratio in New Hampshire is about 16.0.
| Metric | Grafton County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,324 | $273,705 | $242,182 |
| Median Household Income | $84,550 | $96,071 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Grafton County rose about 51.4%, while median household income rose about 62.2% 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 | Grafton County | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.8% | 62.0% | 58.2% |
| Rental Rate | 20.4% | 23.5% | 31.3% |
| Vacancy Rate | 29.9% | 14.4% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Grafton County has a homeownership rate of 49.8%, lower than the New Hampshire average of 62.0%. Its housing vacancy rate is 29.9%, compared with 14.4% in New Hampshire.
Housing Stock
| Metric | Grafton County | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1976 | 1974 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Grafton County was built around 1976. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Grafton County, New Hampshire.
What is the median home price in Grafton County, New Hampshire?
The median home price in Grafton County, New Hampshire is $242,324, lower than the New Hampshire average of $273,705.
What is the average home price in Grafton 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 Grafton County, New Hampshire?
The median gross rent in Grafton County, New Hampshire is $1,292 per month, lower than the New Hampshire average of $1,422.
What was the median gross rent in Grafton County in 2020?
In 2020, the median gross rent in Grafton County, New Hampshire was $1,045 per month.
What is the price-to-rent ratio in Grafton County, New Hampshire?
The price-to-rent ratio in Grafton County, New Hampshire is about 15.6, meaning it would take roughly 15.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Grafton County.
Are home prices or rent rising faster in Grafton County, New Hampshire?
Both home prices and rent are rising in Grafton County, up about 7.1% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grafton County, New Hampshire?
49.8% of households in Grafton County, New Hampshire own their home, lower than the New Hampshire average of 62.0%.
What is the vacancy rate in Grafton County, New Hampshire?
The housing vacancy rate in Grafton County, New Hampshire is 29.9%, higher than the New Hampshire average of 14.4%.