Portsmouth, 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 Q2 2021. 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

Portsmouth, NH Housing Market Trends

With 21,927 people, 10,063 houses or apartments, and a median cost of homes of $575,444, Portsmouth house prices are not only among the most expensive in New Hampshire, Portsmouth 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 Portsmouth, accounting for 39.98% of the city's housing units. Other types of housing that are prevalent in Portsmouth include large apartment complexes or high rise apartments ( 29.37%), duplexes, homes converted to apartments or other small apartment buildings ( 20.34%), and a few row houses and other attached homes ( 7.54%).

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

The housing in Portsmouth was primarily built before 1939 ( 35.73%), making the housing stock in Portsmouth some of the oldest overall in America, although there is a range of ages of homes in Portsmouth. The next most important housing age is between 1970-1999 ( 29.73%), followed by between 1940-1969 ( 25.14%). There's also some housing in Portsmouth built between 2000 and later ( 9.39%).

Portsmouth Home Appreciation Rates

Appreciation rates for homes in Portsmouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 67.42%, which ranks in the top 30% nationwide. This equates to an annual average Portsmouth house appreciation rate of 5.29%.

Over the last year, Portsmouth appreciation rates have trailed the rest of the nation. In the last twelve months, Portsmouth's appreciation rate has been 8.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Portsmouth were at 3.02%, which equates to an annual appreciation rate of 12.64%.

Relative to New Hampshire, our data show that Portsmouth's latest annual appreciation rate is lower than 90% 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 Portsmouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Portsmouth - 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 Portsmouth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$575,444

Portsmouth, NH HOME PRICES

> $1,250,000
9.0%
9.0%
$937,001 - $1,250,000
9.0%
9.0%
$625,001 - $937,000
23.1%
23.1%
$500,001 - $625,000
14.5%
14.5%
$375,001 - $500,000
21.9%
21.9%
$250,001 - $375,000
14.5%
14.5%
$125,001 - $250,000
4.3%
4.3%
$62,001 - $125,000
0.9%
0.9%
$0 - $62,000
2.8%
2.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NH

Value Relative To Nation

Number Of Homes And Apartments:
10,063

Portsmouth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
134.45% 4.04%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,504 / per month

Homeownership Rate

Owners
49.8%
49.8%
Renters
50.2%
50.2%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.4%
9.4%
1970 - 1999
29.7%
29.7%
1940 - 1969
25.1%
25.1%
1939 or Older
35.7%
35.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
40.0%
40.0%
Townhomes
7.5%
7.5%
Small Apt. Buildings
20.3%
20.3%
Apt. Complexes
29.4%
29.4%
Mobile Homes
2.8%
2.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
17.9%
17.9%
2 Bedrooms
39.4%
39.4%
3 Bedrooms
24.3%
24.3%
4 Bedrooms
11.9%
11.9%
5 or more bedrooms
3.7%
3.7%
0.0% 100.0%
% OF HOMES