Hillsborough County, New Hampshire Housing Market Prices
Hillsborough County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 5% below the New Hampshire median Among the 5 most expensive counties in New Hampshire$286,603
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Median rent 9% above the New Hampshire median Among the 3 most expensive counties in New Hampshire$1,623
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hillsborough County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $286,603 | $300,691 | $248,835 |
| Price Trend (Annual %) | 5.4% | 5.7% | 7.5% |
| Median Gross Rent | $1,623 | $1,490 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hillsborough County is about 5% lower than in New Hampshire. Rent is about 9% higher than the New Hampshire average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hillsborough County, up about 5.4% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Hillsborough County rose about 51.3% between 2015 and 2024, from $1,072 to $1,623. Over the same span, rent in New Hampshire rose about 49.0%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Hillsborough County.
Buying the median-priced home in Hillsborough 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 Hillsborough County. The price-to-rent ratio in New Hampshire is about 16.8.
| Metric | Hillsborough County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $286,603 | $300,691 | $248,835 |
| Median Household Income | $103,775 | $99,079 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hillsborough County rose about 49.6%, while median household income rose about 42.9% between 2009 and 2025 — 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 | Hillsborough County | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.0% | 62.4% | 58.5% |
| Rental Rate | 31.0% | 23.3% | 31.2% |
| Vacancy Rate | 5.1% | 14.3% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Hillsborough County has a homeownership rate of 64.0%, higher than the New Hampshire average of 62.4%. Its housing vacancy rate is 5.1%, compared with 14.3% in New Hampshire.
Housing Stock
| Metric | Hillsborough County | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1974 | 1975 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Hillsborough County was built around 1974. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Hillsborough County, NH Housing Compared With Nearby Counties
Hillsborough County, NH is the 3rd largest of the 6 counties compared here, 426,152 residents against a local median of 319,036. Hillsborough County, NH's median home price, at $286,603, runs 19% below the $351,801 typical of the counties around it.
The counties themselves spread $510,137 on median home price, so Hillsborough County, NH sits at one end of an already wide local range rather than apart from it. Hillsborough County, NH has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hillsborough County, NH | 426,152 | $286,603 #5/6 | $1,623 #3/6 | 67.4% #4/6 |
| Merrimack County, NH | 155,964 | $319,378 | $1,359 | 73.5% |
| Cheshire County, NH | 77,281 | $208,297 | $1,276 | 72.7% |
| Middlesex County, MA | 1,636,094 | $718,434 | $2,200 | 61.3% |
| Worcester County, MA | 867,628 | $351,801 | $1,425 | 65.8% |
| Rockingham County, NH | 319,036 | $476,549 | $1,687 | 78.4% |
Frequently Asked Questions
Common questions about the housing market in Hillsborough County, New Hampshire.
What is the median home price in Hillsborough County, New Hampshire?
The median home price in Hillsborough County, New Hampshire is $286,603, lower than the New Hampshire average of $300,691.
What is the average home price in Hillsborough County, New Hampshire?
The typical home price in Hillsborough County, New Hampshire, reported as the median sale price, is $286,603. 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 Hillsborough County, New Hampshire?
The median gross rent in Hillsborough County, New Hampshire is $1,623 per month, higher than the New Hampshire average of $1,490.
What was the median gross rent in Hillsborough County in 2020?
In 2020, the median gross rent in Hillsborough County, New Hampshire was $1,217 per month.
What is the price-to-rent ratio in Hillsborough County, New Hampshire?
The price-to-rent ratio in Hillsborough 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 Hillsborough County.
Are home prices or rent rising faster in Hillsborough County, New Hampshire?
Both home prices and rent are rising in Hillsborough County, up about 5.4% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hillsborough County, New Hampshire?
64.0% of households in Hillsborough County, New Hampshire own their home, higher than the New Hampshire average of 62.4%.
What is the vacancy rate in Hillsborough County, New Hampshire?
The housing vacancy rate in Hillsborough County, New Hampshire is 5.1%, lower than the New Hampshire average of 14.3%.
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