Laconia, 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

Laconia, NH Housing Market Trends

With a population of 16,581, 6,933 total housing units (homes and apartments), and a median house value of $269,388, Laconia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Laconia, accounting for 53.90% of the city's housing units. Other types of housing that are prevalent in Laconia include large apartment complexes or high rise apartments ( 18.69%), duplexes, homes converted to apartments or other small apartment buildings ( 15.57%), and a few row houses and other attached homes ( 7.13%).

People in Laconia primarily live in small (one, two or no bedroom) single-family detached homes. Laconia has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Laconia 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 Laconia built before 1939 ( 29.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.10%). There's also some housing in Laconia built between 2000 and later ( 13.17%).

Vacant housing appears to be an issue in Laconia. Fully 31.63% of the housing stock is classified as vacant. Left unchecked, vacant Laconia homes and apartments can be a drag on the real estate market, holding Laconia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Laconia Home Appreciation Rates

Real estate appreciation rates in Laconia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.43% during the period.

Appreciation rates are so strong in Laconia that despite a nationwide downturn in the housing market, Laconia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Laconia appreciation rates continue to be some of the highest in America, at 8.52%, which is higher than appreciation rates in 96.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Laconia. Laconia appreciation rates in the latest quarter were at 3.92%, which equates to an annual appreciation rate of 16.61%.

Importantly, this makes Laconia 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 Laconia's latest annual appreciation rate is higher than 60% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$269,388

Laconia, NH HOME PRICES

> $1,240,000
1.7%
1.7%
$930,001 - $1,240,000
1.1%
1.1%
$620,001 - $930,000
4.2%
4.2%
$496,001 - $620,000
3.7%
3.7%
$372,001 - $496,000
8.0%
8.0%
$248,001 - $372,000
27.9%
27.9%
$124,001 - $248,000
43.3%
43.3%
$62,001 - $124,000
7.9%
7.9%
$0 - $62,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for NH

Value Relative To Nation

Number Of Homes And Apartments:
6,933

Laconia 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
88.88% 3.07%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,150 / per month

Homeownership Rate

Owners
56.2%
56.2%
Renters
43.8%
43.8%
Vacant
31.6%
31.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.2%
13.2%
1970 - 1999
33.9%
33.9%
1940 - 1969
23.1%
23.1%
1939 or Older
29.8%
29.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.9%
53.9%
Townhomes
7.1%
7.1%
Small Apt. Buildings
15.6%
15.6%
Apt. Complexes
18.7%
18.7%
Mobile Homes
4.7%
4.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
14.4%
14.4%
2 Bedrooms
34.7%
34.7%
3 Bedrooms
31.8%
31.8%
4 Bedrooms
13.7%
13.7%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES