Hillsborough County Area Home Supply Charts

This page looks at a variety of Hillsborough County New Hampshire housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Hillsborough County depicts it has a Housing Units of 174,456 which is the third most housing units of all other counties in the greater Hillsborough County region.

Figure 2 illustrates the housing density in the Hillsborough County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Hillsborough County shows it has a Housing Density of 199.1 which is the third most housing densities of all other counties in the greater Hillsborough County region. The county with the highest housing density in the area is Middlesex County which depicts a density of 799.2 (approximately 4.0 times bigger). Comparing housing density to the United States average of 39.5, Hillsborough County is considerably bigger. Also, measured against the state of New Hampshire, housing density of 71.1, Hillsborough County is approximately 2.8 times bigger.

In Figure 3, Hillsborough County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Hillsborough County depicts it has a Housing Unit Change of 5.1% which is in the mid range of other counties in the local area. The county with the highest change in the housing units in the area is Worcester County which depicts a housing units of 6.8% (35.1% larger). Comparing change in the housing units to the United States average of 7.4%, Hillsborough County is approximately three-fourths the size. Also, compared with the state of New Hampshire, change in the housing units of 3.5%, Hillsborough County is 43.2% larger.

Figure 4 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Hillsborough County shows it has a Renter Percent of 33.7% which is the third most renter percent of all other counties in the greater Hillsborough County region. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 66.3% which is less than most other counties in the local area.

Hillsborough County Home Cost Charts

Figure 7 provides aggregate comparative data for the Hillsborough County New Hampshire metro area in terms of the median housing rental rate, apartment rent, etc. Hillsborough County depicts it has a Median Gross Rent of $1,305 which is the third most rental rates of all other counties in the greater Hillsborough County region. The county with the highest rental rates in the area is Middlesex County which depicts a rental rates of $1,815 (39.1% larger). Comparing rental rates to the United States average of $1,163, Hillsborough County is 12.2% larger. Also, in comparison with the state of New Hampshire, rental rates of $1,212, Hillsborough County is 7.7% larger.

Median owner costs for the real estate market are shown in Figure 8 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Hillsborough County shows it has a Median Owner Cost of $1,765 which is the third most of all other counties in the metropolitan area. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Hillsborough County metro area. it has a Owner Cost as % of HH Income of 20% which is in the center range of other counties in the area. The next chart, Figure 10, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Hillsborough County shows it has a Median Home Value as Percent of Median Earnings of 498% which is the third most median home value as a percent of median worker earnings of all other counties in the greater Hillsborough County region.

Next shown in Figure 11 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Hillsborough County shows it has a % of Income Owner Costs-With Mortgage of 22% which is the third most cost as a percent of household income of all other counties in the greater Hillsborough County region. The county with the highest cost as a percent of household income in the area is Sullivan County which depicts a cost as a percent of household income of 23% (only about 4.1% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 12. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Hillsborough County depicts it has a % of Income Owner Costs-No Mortgage of 14% which is less than most other counties in the metro area. The county with the highest cost as a percent of household income in the area is Sullivan County which depicts a cost as a percent of household income of 16% (12.1% larger).

Figure 13 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Hillsborough County has the largest proportion of rent as a percent of income is between 20pct to 30pct at 17% of the total and is ranked #1.

Figure 14 shows the total housing cost for both home owners and apartment community renters in the area. Hillsborough County has the largest proportion of housing cost between $1,000 and $1,500 at 21% of the total and is ranked #1.

Figure 15 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $6,364 which is the third most median real estate taxes paid of all other counties in the greater Hillsborough County region. The county with the highest median real estate taxes paid in the area is Rockingham County which depicts a taxes paid of $6,796 (6.8% larger). Comparing median real estate taxes paid to the United States average of $2,690, Hillsborough County is approximately 2.4 times bigger. Also, benchmarked against the state of New Hampshire, median real estate taxes paid of $6,036, Hillsborough County is only about 5.4% larger.

Figure 16 shows the percentage of renters who pay for utilities in Hillsborough County New Hampshire. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Hillsborough County has the smallest proportion of pay extra for utilities at 12% of the total.

Hillsborough County Home Characteristics Charts

Figure 19 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1977 which is the second most year built of all the counties in the greater Hillsborough County region. The county with the highest year built in the area is Rockingham County which depicts a year built of 1981 ( about the same size).