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 | Sullivan County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,896 | $273,705 | $242,182 |
| Price Trend (Annual %) | -6.6% | 5.1% | 8.2% |
| Median Gross Rent | $1,159 | $1,422 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sullivan County is about 50% lower than in New Hampshire. Rent is about 19% lower than the New Hampshire average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Sullivan County: home prices fell about 6.6% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
Median rent in Sullivan County rose about 34.9% between 2015 and 2023, from $859 to $1,159. Over the same span, rent in New Hampshire rose about 42.2%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Sullivan County.
Buying the median-priced home in Sullivan County costs roughly 9.9 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 Sullivan County. The price-to-rent ratio in New Hampshire is about 16.0.
| Metric | Sullivan County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,896 | $273,705 | $242,182 |
| Median Household Income | $76,145 | $96,071 | $78,145 |
| Price-to-Income Ratio | 1.8 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sullivan County fell about 44.5%, while median household income rose about 52.2% between 2009 and 2023 — 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 | Sullivan County | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.9% | 62.0% | 58.2% |
| Rental Rate | 18.5% | 23.5% | 31.3% |
| Vacancy Rate | 26.6% | 14.4% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Sullivan County has a homeownership rate of 54.9%, lower than the New Hampshire average of 62.0%. Its housing vacancy rate is 26.6%, compared with 14.4% in New Hampshire.
Housing Stock
| Metric | Sullivan County | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1970 | 1974 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Sullivan County was built around 1970. On average, 2.7 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sullivan County, New Hampshire.
What is the median home price in Sullivan County, New Hampshire?
The median home price in Sullivan County, New Hampshire is $137,896, lower than the New Hampshire average of $273,705.
What is the average home price in Sullivan 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 Sullivan County, New Hampshire?
The median gross rent in Sullivan County, New Hampshire is $1,159 per month, lower than the New Hampshire average of $1,422.
What was the median gross rent in Sullivan County in 2020?
In 2020, the median gross rent in Sullivan County, New Hampshire was $1,029 per month.
What is the price-to-rent ratio in Sullivan County, New Hampshire?
The price-to-rent ratio in Sullivan County, New Hampshire is about 9.9, meaning it would take roughly 9.9 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 Sullivan County.
Are home prices or rent rising faster in Sullivan County, New Hampshire?
Home prices and rent are moving in opposite directions in Sullivan County: home prices fell about 6.6% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Sullivan County, New Hampshire?
54.9% of households in Sullivan County, New Hampshire own their home, lower than the New Hampshire average of 62.0%.
What is the vacancy rate in Sullivan County, New Hampshire?
The housing vacancy rate in Sullivan County, New Hampshire is 26.6%, higher than the New Hampshire average of 14.4%.