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 | Rockingham County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $376,515 | $273,705 | $242,182 |
| Price Trend (Annual %) | 7.3% | 5.1% | 8.2% |
| Median Gross Rent | $1,619 | $1,422 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rockingham County is about 38% higher than in New Hampshire. Rent is about 14% higher 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 Rockingham County, up about 7.3% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Rockingham County rose about 44.2% between 2015 and 2023, from $1,122 to $1,619. Over the same span, rent in New Hampshire rose about 42.2%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Rockingham County.
Buying the median-priced home in Rockingham County costs roughly 19.4 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 Rockingham County. The price-to-rent ratio in New Hampshire is about 16.0.
| Metric | Rockingham County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $376,515 | $273,705 | $242,182 |
| Median Household Income | $114,738 | $96,071 | $78,145 |
| Price-to-Income Ratio | 3.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rockingham County rose about 72.1%, while median household income rose about 53.3% between 2009 and 2023 — 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 | Rockingham County | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.8% | 62.0% | 58.2% |
| Rental Rate | 19.8% | 23.5% | 31.3% |
| Vacancy Rate | 7.4% | 14.4% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Rockingham County has a homeownership rate of 72.8%, higher than the New Hampshire average of 62.0%. Its housing vacancy rate is 7.4%, compared with 14.4% in New Hampshire.
Housing Stock
| Metric | Rockingham County | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1976 | 1974 | 1978 |
| Median Number of Rooms | 6.0 | 5.6 | 5.5 |
The typical housing unit in Rockingham County was built around 1976. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rockingham County, New Hampshire.
What is the median home price in Rockingham County, New Hampshire?
The median home price in Rockingham County, New Hampshire is $376,515, higher than the New Hampshire average of $273,705.
What is the average home price in Rockingham 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 Rockingham County, New Hampshire?
The median gross rent in Rockingham County, New Hampshire is $1,619 per month, higher than the New Hampshire average of $1,422.
What was the median gross rent in Rockingham County in 2020?
In 2020, the median gross rent in Rockingham County, New Hampshire was $1,274 per month.
What is the price-to-rent ratio in Rockingham County, New Hampshire?
The price-to-rent ratio in Rockingham County, New Hampshire is about 19.4, meaning it would take roughly 19.4 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 Rockingham County.
Are home prices or rent rising faster in Rockingham County, New Hampshire?
Both home prices and rent are rising in Rockingham County, up about 7.3% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rockingham County, New Hampshire?
72.8% of households in Rockingham County, New Hampshire own their home, higher than the New Hampshire average of 62.0%.
What is the vacancy rate in Rockingham County, New Hampshire?
The housing vacancy rate in Rockingham County, New Hampshire is 7.4%, lower than the New Hampshire average of 14.4%.