Keene, New Hampshire Housing Market Prices
Keene 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 1% above the New Hampshire median$303,783
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Median rent 10% below the New Hampshire median$1,341
Housing Market Overview
| Metric | Keene | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $303,783 | $300,691 | $248,835 |
| Price Trend (Annual %) | 19.0% | 5.7% | 7.5% |
| Median Gross Rent | $1,341 | $1,490 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Keene is about 1% higher than in New Hampshire. Rent is about 10% lower 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 Keene, up about 19.0% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Keene rose about 33.4% between 2015 and 2024, from $1,006 to $1,341. Over the same span, rent in New Hampshire rose about 49.0%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Keene.
Buying the median-priced home in Keene costs roughly 18.9 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 Keene. The price-to-rent ratio in New Hampshire is about 16.8.
| Metric | Keene | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $303,783 | $300,691 | $248,835 |
| Median Household Income | $77,557 | $99,079 | $80,455 |
| Price-to-Income Ratio | 3.9 | 3.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Keene rose about 126.3%, while median household income rose about 39.1% 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 | Keene | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.1% | 62.4% | 58.5% |
| Rental Rate | 40.1% | 23.3% | 31.2% |
| Vacancy Rate | 10.8% | 14.3% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Keene has a homeownership rate of 49.1%, lower than the New Hampshire average of 62.4%. Its housing vacancy rate is 10.8%, compared with 14.3% in New Hampshire.
Housing Stock
| Metric | Keene | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1958 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Keene was built around 1958. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Keene, New Hampshire.
What is the median home price in Keene, New Hampshire?
The median home price in Keene, New Hampshire is $303,783, higher than the New Hampshire average of $300,691.
What is the average home price in Keene, New Hampshire?
The typical home price in Keene, New Hampshire, reported as the median sale price, is $303,783. 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 Keene, New Hampshire?
The median gross rent in Keene, New Hampshire is $1,341 per month, lower than the New Hampshire average of $1,490.
What was the median gross rent in Keene in 2020?
In 2020, the median gross rent in Keene, New Hampshire was $1,018 per month.
What is the price-to-rent ratio in Keene, New Hampshire?
The price-to-rent ratio in Keene, New Hampshire is about 18.9, meaning it would take roughly 18.9 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 Keene.
Are home prices or rent rising faster in Keene, New Hampshire?
Both home prices and rent are rising in Keene, up about 19.0% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Keene, New Hampshire?
49.1% of households in Keene, New Hampshire own their home, lower than the New Hampshire average of 62.4%.
What is the vacancy rate in Keene, New Hampshire?
The housing vacancy rate in Keene, New Hampshire is 10.8%, lower than the New Hampshire average of 14.3%.
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