Keene, 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

Keene, NH Housing Market Trends

With 22,786 people, 9,192 houses or apartments, and a median cost of homes of $217,115, Keene real estate values are some of the lowest in New Hampshire, although compared to real estate around the nation, Keene homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Keene, accounting for 49.79% of the city's housing units. Other types of housing that are prevalent in Keene include large apartment complexes or high rise apartments ( 24.43%), duplexes, homes converted to apartments or other small apartment buildings ( 18.75%), and a few row houses and other attached homes ( 3.54%).

The most prevalent building size and type in Keene are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.64% owning and 54.36% renting.

The housing in Keene was primarily built before 1939 ( 34.01%), making the housing stock in Keene some of the oldest overall in America, although there is a range of ages of homes in Keene. The next most important housing age is between 1970-1999 ( 30.31%), followed by between 1940-1969 ( 26.85%). There's also some housing in Keene built between 2000 and later ( 8.83%).

Keene Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Keene, where house values have increased just 10.18%, which is annualized rate of 0.97%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Keene that despite a nationwide downturn in the housing market, Keene real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Keene appreciation rates continue to be some of the highest in America, at 8.51%, which is higher than appreciation rates in 96.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Keene. Keene appreciation rates in the latest quarter were at 3.91%, which equates to an annual appreciation rate of 16.56%.

Importantly, this makes Keene one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New Hampshire, our data show that Keene's latest annual appreciation rate is lower than 50% of the other cities and towns in New Hampshire.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Keene differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Keene - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Keene real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$217,115

Keene, NH HOME PRICES

> $1,171,000
0.1%
0.1%
$878,001 - $1,171,000
0.0%
0.0%
$586,001 - $878,000
0.6%
0.6%
$469,001 - $586,000
2.0%
2.0%
$351,001 - $469,000
9.4%
9.4%
$234,001 - $351,000
27.7%
27.7%
$117,001 - $234,000
49.5%
49.5%
$59,001 - $117,000
4.7%
4.7%
$0 - $59,000
6.0%
6.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for NH

Value Relative To Nation

Number Of Homes And Apartments:
9,192

Keene 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
62.93% 2.35%
1
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,326 / per month

Homeownership Rate

Owners
45.6%
45.6%
Renters
54.4%
54.4%
Vacant
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.8%
8.8%
1970 - 1999
30.3%
30.3%
1940 - 1969
26.9%
26.9%
1939 or Older
34.0%
34.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
49.8%
49.8%
Townhomes
3.5%
3.5%
Small Apt. Buildings
18.7%
18.7%
Apt. Complexes
24.4%
24.4%
Mobile Homes
3.5%
3.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
15.6%
15.6%
2 Bedrooms
28.6%
28.6%
3 Bedrooms
35.5%
35.5%
4 Bedrooms
15.6%
15.6%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES