The State of New Hampshire Area Home Supply Charts

This page looks at a variety of 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. New Hampshire depicts it has a Housing Units of 636,480 which is in the mid range of other states in the greater region.

Figure 2 illustrates the housing density in the New Hampshire housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) the state of depicts it has a Housing Density of 71.1 which is in the mid range of other states in the metro area. The state with the highest housing density in the group is Rhode Island which depicts a density of 465.4 ( considerably bigger).

In Figure 3, New Hampshire area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. the state of shows it has a Housing Unit Change of 3.5% which is the third most housing units of all other states in the greater New Hampshire region. The state with the highest change in the housing units in the group is Massachusetts which depicts a housing units of 6.1% (72.7% 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.) the state of shows it has a Renter Percent of 28.4% which is in the mid range of other states in the greater region. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 71.6% which is the third most owner percent of all other states in the greater New Hampshire region.

The State of New Hampshire Home Cost Charts

Figure 7 provides aggregate comparative data for the New Hampshire metro area in terms of the median housing rental rate, apartment rent, etc. the state of depicts it has a Median Gross Rent of $1,212 which is the third most rental rates of all other states in the greater New Hampshire region. The state with the highest rental rates in the group is Massachusetts which shows a rental rates of $1,429 (17.9% 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. the state of depicts it has a Median Owner Cost of $1,603 which is in the center range of other states in the metro area. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the New Hampshire metro area. it has a Owner Cost as % of HH Income of 20% which is the third most of all other states in the local 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. the state of depicts it has a Median Home Value as Percent of Median Earnings of 487% which is the third most median home value as a percent of median worker earnings of all other states in the greater New Hampshire 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.) the state of depicts it has a % of Income Owner Costs-With Mortgage of 22% which is in the center range of other states in the local area. The state with the highest cost as a percent of household income in the group is Rhode Island which shows a cost as a percent of household income of 23% (only about 2.7% 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. the state of depicts it has a % of Income Owner Costs-No Mortgage of 14% which is the second most cost as a percent of household income of all the states in the greater New Hampshire region. The state with the highest cost as a percent of household income in the group is Vermont which depicts a cost as a percent of household income of 14% ( about the same size).

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.) New Hampshire has the largest proportion of rent as a percent of income is less than 10 pct at 22% of the total and is ranked #1. Second, it has the largest proportion of rent as a percent of income is between 10pct to 20pct at 26% 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 $6,036 which is the second most median real estate taxes paid of all the states in the greater New Hampshire region. The state with the highest median real estate taxes paid in the group is Connecticut which depicts a taxes paid of $6,153 ( only slightly larger).

The State of New Hampshire 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 1978 which is more than all other states in the greater New Hampshire region.

Figure 20 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 1990 to 1999 at 19% of the total and is ranked #1. Second, it has the smallest proportion of homes built between 1940 to 1949 at 20% of the total. Figure 21 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2019 or later at 21% of the total and is ranked #1. Second, it has the largest proportion of owners moved in 2015 to 2018 at 17% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 1990 to 1999 at 14% of the total. Figure 22 shows the year that people who rent moved into the area. New Hampshire has the largest proportion of renters moved in 2019 or later at 48% of the total and is ranked #1. Second, it has the smallest proportion of renters moved in 2010 to 2014 at 9% of the total. Third, it has the smallest proportion of renters moved in 1990 to 1999 at 2% of the total.