What are average mortgage rates in New Hampshire in 2026?

Mortgage rates in New Hampshire generally track national averages. As of 2026, expect 30-year fixed rates from 5.5% to 7.5% for good credit borrowers. Use CalcDeck's New Hampshire mortgage calculator to model your payment at current rates.

How much are closing costs in New Hampshire?

Closing costs in New Hampshire typically range from 2% to 5% of purchase price, including lender fees, title insurance, and prepaid items. Use CalcDeck's New Hampshire mortgage calculator to include closing costs in your calculation.

What are property tax rates in New Hampshire?

Property tax rates in New Hampshire range from 0.3% to 2.5% of assessed value. CalcDeck's New Hampshire calculator includes property tax in your PITI payment.

What first-time homebuyer programs exist in New Hampshire?

New Hampshire offers down payment assistance, favorable-rate mortgages, and tax credits through state agencies. Use CalcDeck's New Hampshire calculator to see how programs affect your payment.

How do I use the CalcDeck New Hampshire mortgage calculator?

Enter home price, down payment, interest rate, and loan term. Adjust property tax and insurance to match New Hampshire averages. Get instant monthly payment, total interest, and amortization schedule.

New Hampshire Mortgage Calculator

Median home prices, property taxes, and monthly payment estimates for New Hampshire homeowners.

New Hampshire at a Glance

Median Home Price: $400,000
Property Tax Rate: 1.89%
Median Household Income: $88,465
Annual Property Tax: $7,560

Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)

Monthly Mortgage Payment in New Hampshire

Based on the New Hampshire median home price of $400,000 at 6.7% interest (30-year fixed):

Payment Breakdown	20% Down	5% Down
Loan Amount	$320,000	$380,000
Principal and Interest	$2,065	$2,452
Property Tax (NH)	$630	$630
Homeowners Insurance	$125	$125
PMI	$0	$158
Total Monthly	$2,820	$3,365

How Much House Can You Afford in New Hampshire?

Using the 28/36 rule (housing costs under 28% of gross income):

With 20% down, you need ~$120,852/year to afford New Hampshire's median home
With 5% down, you need ~$144,231/year
New Hampshire's median household income is $88,465

New Hampshire insight: New Hampshire has a high property tax rate of 1.89% — among the highest in the US.

New Hampshire Housing Market Overview

New Hampshire's housing market is among the most expensive in New England outside Boston. The statewide median of $400,000 reflects Portsmouth at $520,000, Nashua $450,000, and Manchester $360,000. Rural Coos County offers value at $180,000. Inventory is extremely tight at 1.8 months. The median household income of $88,465 yields a price-to-income ratio of 4.5. The effective property tax rate of 1.89% is very high—annual taxes on a median home total $7,560, among the highest in the U.S. New Hampshire has no state income tax, but property taxes bear most of the tax burden. Tech workers from Massachusetts fuel demand in southern NH.

First-Time Homebuyer Programs in New Hampshire

The New Hampshire Housing Finance Authority (NHHFA) offers the Home Preferred program, providing 30-year fixed-rate mortgages with down payment assistance up to $10,000 as a forgivable grant for eligible first-time buyers. The Home Preferred Plus program offers a lower rate but requires a higher credit score. NHHFA also administers the Assisted Home Ownership program for manufactured housing, providing up to $25,000 in assistance. The Mortgage Credit Certificate (MCC) program offers a 20% federal tax credit on mortgage interest. Local programs include Manchester's HOME Investment Partnerships program ($7,500 grants) and Portsmouth's Workforce Housing Initiative. Income limits: Rockingham County caps at $97,000 for a two-person household; rural counties cap at $76,000.

Tips for Homebuyers in New Hampshire

1) New Hampshire's 1.89% property tax rate means ~$630/month in taxes on a median home—factor this heavily into your budget. 2) Heating costs ($3,000–$5,000/year for oil/propane) are significant; verify insulation and furnace age before buying. 3) Southern NH (Rockingham, Hillsborough counties) is competitive due to Boston commuters; expect bidding wars under $500,000. 4) Buy in late fall/winter for less competition, but inventory drops 40% from summer. 5) Radon is widespread in NH; always test and budget $1,000–$1,800 for mitigation. 6) Many NH homes use private wells; test for arsenic and bacteria, which are common in granite bedrock areas.

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New Hampshire Mortgage FAQ

What is the median home price in New Hampshire?

The median home price in New Hampshire is approximately $400,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.

What is the property tax rate in New Hampshire?

The effective property tax rate in New Hampshire is approximately 1.89% (Tax Foundation). On a $400,000 home, that is about $7,560/year in property taxes.

How much income do I need to buy a home in New Hampshire?

Using the 28/36 rule with 20% down at 6.7%, you would need about $120,852/year to afford the median New Hampshire home at $400,000. With 5% down (including PMI), about $144,231.

What will my monthly mortgage payment be in New Hampshire?

On New Hampshire's median home price of $400,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $2,820. With 5% down including PMI, about $3,365.

Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.