Rochester, New Hampshire Housing Market Prices
Rochester 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 25% below the New Hampshire median$224,976
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Median rent 8% below the New Hampshire median$1,368
Housing Market Overview
| Metric | Rochester | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,976 | $300,691 | $248,835 |
| Price Trend (Annual %) | 36.7% | 5.7% | 7.5% |
| Median Gross Rent | $1,368 | $1,490 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rochester is about 25% lower than in New Hampshire. Rent is about 8% 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 Rochester, up about 36.7% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Rochester rose about 51.9% between 2015 and 2024, from $901 to $1,368. Over the same span, rent in New Hampshire rose about 49.0%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Rochester.
Buying the median-priced home in Rochester costs roughly 13.7 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 Rochester. The price-to-rent ratio in New Hampshire is about 16.8.
| Metric | Rochester | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,976 | $300,691 | $248,835 |
| Median Household Income | $81,802 | $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 Rochester rose about 283.4%, while median household income rose about 47.1% 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 | Rochester | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.6% | 62.4% | 58.5% |
| Rental Rate | 32.2% | 23.3% | 31.2% |
| Vacancy Rate | 5.2% | 14.3% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Rochester has a homeownership rate of 62.6%, about the same as the New Hampshire average of 62.4%. Its housing vacancy rate is 5.2%, compared with 14.3% in New Hampshire.
Housing Stock
| Metric | Rochester | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1975 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Rochester was built around 1975. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rochester, New Hampshire.
What is the median home price in Rochester, New Hampshire?
The median home price in Rochester, New Hampshire is $224,976, lower than the New Hampshire average of $300,691.
What is the average home price in Rochester, New Hampshire?
The typical home price in Rochester, New Hampshire, reported as the median sale price, is $224,976. 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 Rochester, New Hampshire?
The median gross rent in Rochester, New Hampshire is $1,368 per month, lower than the New Hampshire average of $1,490.
What was the median gross rent in Rochester in 2020?
In 2020, the median gross rent in Rochester, New Hampshire was $1,071 per month.
What is the price-to-rent ratio in Rochester, New Hampshire?
The price-to-rent ratio in Rochester, New Hampshire is about 13.7, meaning it would take roughly 13.7 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 Rochester.
Are home prices or rent rising faster in Rochester, New Hampshire?
Both home prices and rent are rising in Rochester, up about 36.7% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rochester, New Hampshire?
62.6% of households in Rochester, New Hampshire own their home, about the same as the New Hampshire average.
What is the vacancy rate in Rochester, New Hampshire?
The housing vacancy rate in Rochester, New Hampshire is 5.2%, lower than the New Hampshire average of 14.3%.
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