Rochester, 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

Rochester, NH Housing Market Trends

With a population of 31,526, 12,780 total housing units (homes and apartments), and a median house value of $209,431, Rochester real estate values are some of the lowest in New Hampshire, although compared to real estate around the nation, Rochester homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Rochester, accounting for 49.45% of the city's housing units. Other types of housing that are prevalent in Rochester include mobile homes or trailers ( 16.64%), duplexes, homes converted to apartments or other small apartment buildings ( 15.09%), and a few large apartment complexes or high rise apartments ( 14.93%).

Dwellings in Rochester tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.38% of the homes in Rochester have two or fewer bedrooms.

There is a lot of housing in Rochester 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 Rochester built between 1940-1969 ( 20.51%). A lesser amount of the housing stock also hails from before 1939 ( 19.95%). There's also some housing in Rochester built between 2000 and later ( 16.56%).

Rochester Home Appreciation Rates

Appreciation rates for homes in Rochester have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.58%, which ranks in the top 40% nationwide. This equates to an annual average Rochester house appreciation rate of 3.24%.

NeighborhoodScout's data show that during the latest twelve months, Rochester's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Rochester's appreciation rate has been 2.15%, which annualizes to a rate of 8.87%.

Relative to New Hampshire, our data show that Rochester's latest annual appreciation rate is lower than 70% 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 Rochester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rochester - 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 Rochester real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$209,431

Rochester, NH HOME PRICES

> $1,236,000
1.2%
1.2%
$927,001 - $1,236,000
0.3%
0.3%
$618,001 - $927,000
0.8%
0.8%
$495,001 - $618,000
1.2%
1.2%
$371,001 - $495,000
5.5%
5.5%
$247,001 - $371,000
29.1%
29.1%
$123,001 - $247,000
43.5%
43.5%
$62,001 - $123,000
9.3%
9.3%
$0 - $62,000
9.2%
9.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very Low for NH

Value Relative To Nation

Number Of Homes And Apartments:
12,780

Rochester 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
77.99% 2.78%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,779 / per month

Homeownership Rate

Owners
67.0%
67.0%
Renters
33.0%
33.0%
Vacant
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.6%
16.6%
1970 - 1999
43.0%
43.0%
1940 - 1969
20.5%
20.5%
1939 or Older
20.0%
20.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
49.5%
49.5%
Townhomes
3.9%
3.9%
Small Apt. Buildings
15.1%
15.1%
Apt. Complexes
14.9%
14.9%
Mobile Homes
16.6%
16.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
10.8%
10.8%
2 Bedrooms
37.6%
37.6%
3 Bedrooms
35.7%
35.7%
4 Bedrooms
12.1%
12.1%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES