Goffstown, 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

Goffstown, NH Housing Market Trends

With 18,053 people, 6,115 houses or apartments, and a median cost of homes of $313,298, Goffstown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Goffstown, accounting for 67.31% of the town's housing units. Other types of housing that are prevalent in Goffstown include large apartment complexes or high rise apartments ( 11.94%), duplexes, homes converted to apartments or other small apartment buildings ( 11.21%), and a few row houses and other attached homes ( 6.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Goffstown. Owner-occupied housing accounts for 69.56% of Goffstown's homes, and 56.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Goffstown 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 Goffstown built between 1940-1969 ( 23.46%). A lesser amount of the housing stock also hails from before 1939 ( 16.80%). There's also some housing in Goffstown built between 2000 and later ( 10.44%).

Goffstown Home Appreciation Rates

Appreciation rates for homes in Goffstown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.20%, which ranks in the top 30% nationwide. This equates to an annual average Goffstown house appreciation rate of 3.80%.

Appreciation rates are so strong in Goffstown that despite a nationwide downturn in the housing market, Goffstown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Goffstown appreciation rates continue to be some of the highest in America, at 7.36%, which is higher than appreciation rates in 91.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Goffstown. Goffstown appreciation rates in the latest quarter were at 2.70%, which equates to an annual appreciation rate of 11.26%.

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

Average Home Values

 

Median Home Value:
$313,298

Goffstown, NH HOME PRICES

> $1,235,000
0.8%
0.8%
$926,001 - $1,235,000
2.1%
2.1%
$617,001 - $926,000
2.9%
2.9%
$494,001 - $617,000
4.8%
4.8%
$370,001 - $494,000
20.5%
20.5%
$247,001 - $370,000
39.8%
39.8%
$123,001 - $247,000
22.8%
22.8%
$62,001 - $123,000
5.8%
5.8%
$0 - $62,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for NH

Value Relative To Nation

Number Of Homes And Apartments:
6,115

Goffstown 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
91.91% 3.15%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,685 / per month

Homeownership Rate

Owners
69.6%
69.6%
Renters
30.4%
30.4%
Vacant
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.4%
10.4%
1970 - 1999
49.3%
49.3%
1940 - 1969
23.5%
23.5%
1939 or Older
16.8%
16.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.3%
67.3%
Townhomes
6.6%
6.6%
Small Apt. Buildings
11.2%
11.2%
Apt. Complexes
11.9%
11.9%
Mobile Homes
2.9%
2.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
6.3%
6.3%
2 Bedrooms
31.9%
31.9%
3 Bedrooms
42.5%
42.5%
4 Bedrooms
14.2%
14.2%
5 or more bedrooms
4.7%
4.7%
0.0% 100.0%
% OF HOMES