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Market AnalysisUpdated March 2026

Hillsborough County, NH — Market Snapshot

Real estate market data for Hillsborough County, New Hampshire. Census demographics, rental trends, and economic indicators for investors and developers.

Population

424,732

ACS 2023

Median Household Income

$109,736

ACS 2023

Renter-Occupied

32%

ACS 2023

Median Rent

$1,536/mo

ACS 2023

Source: U.S. Census Bureau, American Community Survey 2023

Population & Income Profile

Age Distribution

Under 19
22.1%
Ages 20–29
13.0%
Ages 30–39
13.5%
Ages 40–49
12.6%
Ages 50–59
14.4%
Ages 60–69
13.4%
Over 70
10.9%

Household Income Distribution

Under $30K
11.0%
$30K–$50K
11.0%
$50K–$75K
00.0%
$75K–$100K
00.0%
$100K–$150K
00.0%
Above $150K
00.0%

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Source: U.S. Census Bureau, American Community Survey 2023

Housing Affordability

Affordability Label

Affordable (3-4x)

ACS 2023

Price-to-Income Ratio

6.7x

Redfin SFR ÷ FRED Per Capita Income
Very Affordable (<3x)Moderate (3–5x)Expensive (5–7x)Very Expensive (>7x)
6.7x

At 6.7x price-to-income, median home prices in Hillsborough County are elevated relative to income.

Affordability label: U.S. Census Bureau ACS 2023. Price-to-income: Redfin median sale price (SFR, Dec 2025) ÷ FRED per capita personal income (Q4 2025).

Housing Market Overview

Median Home Value
$540,000
Median Gross Rent
$1,536/mo
Homeownership Rate
68%
Typical Monthly Housing Cost(owner-occupied w/ mortgage)
$1,816/mo
Median Annual Property Tax(ACS estimate)
$7,014
Vacancy Rate
Dashboard

Source: U.S. Census Bureau, ACS 2023. Monthly Housing Cost: ACS B25105. Property Tax: ACS B25103.

Home Price Index

Hillsborough County HPI

300.2

FRED Q4 2025

Since 2020

+63.4%

vs. 2020 baseline

Hillsborough County home values have appreciated 63.4% since 2020, trailing the New Hampshire statewide average of 76.6%.

Source: Federal Reserve Economic Data (FRED) — FHFA House Price Index. Updated Q4 2025.

Investment Analysis

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Market Tier

Bawa Score: 75 / 100

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Economic Indicators

Unemployment Rate
3.3%
Per Capita Personal Income
$80,473
Labor Force
236,449
GDP
$31B
Building Permits
872

▲ +0.5% since 2020

State Overview

State Tax Revenue (quarterly)millions USD, not seasonally adjusted
$670M
State Home Price Index
892.3
State GDP
$119B

Source: Federal Reserve Economic Data (FRED). Updated Q4 2025.

Nearby Markets

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