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New Hampshire home affordability calculator

The median New Hampshire household earns about $96,000 a year, and the median home costs about $480,000 — 5.0 times income. With 10% down, no other debts, and the current 7.32% average 30-year rate (Freddie Mac, week of October 22, 2026), standard lending ratios support a home of about $246,710 , roughly $233,290 short of the median. The calculator is pre-filled with those figures — replace them with yours.

$246,710 max home price

Max loan amount
$198,710
Housing payment budget
$2,240
P&I budget
$1,365
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

How it works

Lenders cap the full housing payment — principal, interest, property tax, insurance — near 28% of gross monthly income, and all debt payments near 36%. In New Hampshire, property tax at about 1.93% of value plus roughly $1,100 a year of homeowners insurance come to about $864 a month on the median home, and that comes out of the 28% budget before anything goes to the loan. On the median income the housing budget is about $2,240 a month, leaving $1,365 for principal and interest.

Homes in New Hampshire spend about 25 days on the market on average. New Hampshire has no sales or income tax, so nearly all local revenue comes from property tax — giving it one of the highest effective rates in the country. Low insurance and fast sales partly offset it.

Frequently asked questions

How much house can I afford in New Hampshire on the median income?
On New Hampshire's median household income of about $96,000, with no other debts, 10% down, and a 7.32% 30-year rate, the 28% housing guideline supports a home of roughly $246,710. That's about $233,290 below the $480,000 median home price.
What income do I need to buy a median-priced home in New Hampshire?
New Hampshire's median home costs about $480,000 — 5.0 times the median household income. Lenders' 28% front-end rule means the full payment, including about $864 a month in property tax and insurance, needs to fit inside 28% of gross monthly income. Try the calculator with your own income and down payment.
How much do property tax and insurance add in New Hampshire?
On the median home, New Hampshire's 1.93% effective property tax rate and about $1,100 a year in homeowners insurance come to roughly $864 a month — money that comes out of the housing budget before any goes to principal and interest.
Does New Hampshire's income tax affect how much house I can afford?
Not directly — lenders qualify you on gross income. But New Hampshire doesn't tax wages, so more of each paycheck is left for the payment than in an income-tax state.

Learn more: How much house can I afford?

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