Amherst, NH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Amherst, NH Housing Market Trends

With a population of 11,393, 4,129 total housing units (homes and apartments), and a median house value of $398,294, Amherst house prices are not only among the most expensive in New Hampshire, Amherst real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Amherst, accounting for 89.48% of the town's housing units. Other types of housing that are prevalent in Amherst include row houses and other attached homes ( 6.19%), duplexes, homes converted to apartments or other small apartment buildings ( 3.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Amherst. Owner-occupied housing accounts for 93.39% of Amherst's homes, and 72.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Amherst built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Amherst built between 1940-1969 ( 22.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.92%). There's also some housing in Amherst built before 1939 ( 9.65%).

Amherst Home Appreciation Rates

Appreciation rates for homes in Amherst have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 32.52%, which ranks in the top 50% nationwide. This equates to an annual average Amherst house appreciation rate of 2.86%.

Appreciation rates are so strong in Amherst that despite a nationwide downturn in the housing market, Amherst real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Amherst appreciation rates continue to be some of the highest in America, at 7.36%, which is higher than appreciation rates in 91.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Amherst. Amherst appreciation rates in the latest quarter were at 2.71%, which equates to an annual appreciation rate of 11.28%.

Relative to New Hampshire, our data show that Amherst's latest annual appreciation rate is lower than 60% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$398,294

Amherst Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
66.51% 2.46%
2
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,807 / per month

Homeownership Rate

Owners
93.4%
93.4%
Renters
6.6%
6.6%
Vacant
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.9%
12.9%
1970 - 1999
55.2%
55.2%
1940 - 1969
22.2%
22.2%
1939 or Older
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
89.5%
89.5%
Townhomes
6.2%
6.2%
Small Apt. Buildings
3.1%
3.1%
Apt. Complexes
0.9%
0.9%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
3.0%
3.0%
2 Bedrooms
16.1%
16.1%
3 Bedrooms
35.9%
35.9%
4 Bedrooms
36.5%
36.5%
5 or more bedrooms
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Amherst

Zip Codes in Amherst, NH