New Hampshire Median Home Sales Price Rises to Nearly $500,000

The New Hampshire Association of Realtors reported that the median single family house sale price in the Granite State was $495,000 in June 2023, a nearly 50 percent increase from June 2020. Using a 6.7 percent average 30-year fixed rate mortgage for June 2023, with a 5 percent down payment of $24,750 and the 2021 average annual New Hampshire property taxes per household of $7,470, a new home buyer would have a monthly mortgage payment of $3,656.92; this does not include homeowners insurance or private mortgage insurance. The 2021 median household income in New Hampshire was $88,465. A Granite State household making this median income would need to spend 49.6 percent of its monthly income ($7,372) in order to afford a median-priced house in New Hampshire during the month of June 2023.