Estimated Monthly Payment — Median New Hampshire Home
$3,750
Based on $480,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included
Median Price
$480,000
Property Tax
2.18%
Avg. HOA
$200/mo
Median Rent
$1,500/mo
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Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.
Market Insights
About the New Hampshire housing market
New Hampshire's housing market is above the national average, with a median home price around $480,000. Manchester is the largest metro, with Nashua a close second. New Hampshire has no state income or sales tax, but the third-highest property tax rate in the nation more than compensates for it. New Hampshire's effective property tax rate of 2.18% is one of the highest in the country.
The median New Hampshire home costs $480,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $2,478, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $3,750. First-time buyers in New Hampshire can explore programs through New HFA.
Photo by Jonathan Ng on Unsplash
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FAQ
New Hampshire mortgage FAQs
What's the property tax rate in New Hampshire?
New Hampshire's effective property tax rate averages about 2.18% — one of the highest in the country. On a $480,000 home, that's roughly $872/month or $10,464/year.
How much do I need to earn to afford a typical New Hampshire home?
Using the 28/36 rule, a buyer would need roughly $141,000–$180,000 in gross annual income to comfortably afford New Hampshire's $480,000 median home with 20% down at current rates.
What first-time buyer programs are available in New Hampshire?
New Hampshire Housing offers the Home Flex Plus program with up to 4% down payment assistance and Home Preferred Plus mortgage with reduced PMI and competitive rates. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.
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