Portsmouth, New Hampshire Housing Market Prices
Portsmouth 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 91% below the New Hampshire median$27,500
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Median rent 26% above the New Hampshire median$1,876
Housing Market Overview
| Metric | Portsmouth | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,500 | $300,691 | $248,835 |
| Price Trend (Annual %) | -0.5% | 5.7% | 7.5% |
| Median Gross Rent | $1,876 | $1,490 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Portsmouth is about 91% lower than in New Hampshire. Rent is about 26% higher than the New Hampshire average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Portsmouth: home prices fell about 0.5% a year while rent rose about 6.3% a year. That is an unusual pattern worth watching.
Median rent in Portsmouth rose about 65.0% between 2015 and 2024, from $1,137 to $1,876. Over the same span, rent in New Hampshire rose about 49.0%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Portsmouth.
Buying the median-priced home in Portsmouth costs roughly 1.2 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 Portsmouth. The price-to-rent ratio in New Hampshire is about 16.8.
| Metric | Portsmouth | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,500 | $300,691 | $248,835 |
| Median Household Income | $106,778 | $99,079 | $80,455 |
| Price-to-Income Ratio | 0.3 | 3.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Portsmouth fell about 80.8%, while median household income rose about 62.5% between 2009 and 2025 — 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 | Portsmouth | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.3% | 62.4% | 58.5% |
| Rental Rate | 46.2% | 23.3% | 31.2% |
| Vacancy Rate | 4.5% | 14.3% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Portsmouth has a homeownership rate of 49.3%, lower than the New Hampshire average of 62.4%. Its housing vacancy rate is 4.5%, compared with 14.3% in New Hampshire.
Housing Stock
| Metric | Portsmouth | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.03 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1959 | 1975 | 1978 |
| Median Number of Rooms | 4.9 | 5.6 | 5.5 |
The typical housing unit in Portsmouth was built around 1959. On average, 2.0 people live in a home with about 4.9 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Portsmouth, New Hampshire.
What is the median home price in Portsmouth, New Hampshire?
The median home price in Portsmouth, New Hampshire is $27,500, lower than the New Hampshire average of $300,691.
What is the average home price in Portsmouth, New Hampshire?
The typical home price in Portsmouth, New Hampshire, reported as the median sale price, is $27,500. 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 Portsmouth, New Hampshire?
The median gross rent in Portsmouth, New Hampshire is $1,876 per month, higher than the New Hampshire average of $1,490.
What was the median gross rent in Portsmouth in 2020?
In 2020, the median gross rent in Portsmouth, New Hampshire was $1,346 per month.
What is the price-to-rent ratio in Portsmouth, New Hampshire?
The price-to-rent ratio in Portsmouth, New Hampshire is about 1.2, meaning it would take roughly 1.2 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 Portsmouth.
Are home prices or rent rising faster in Portsmouth, New Hampshire?
Home prices and rent are moving in opposite directions in Portsmouth: home prices fell about 0.5% a year while rent rose about 6.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Portsmouth, New Hampshire?
49.3% of households in Portsmouth, New Hampshire own their home, lower than the New Hampshire average of 62.4%.
What is the vacancy rate in Portsmouth, New Hampshire?
The housing vacancy rate in Portsmouth, New Hampshire is 4.5%, lower than the New Hampshire average of 14.3%.
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