Amherst, NH—03031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Amherst, NH
As of Oct '25, the median home price in Amherst, NH is $644,000, with a year-over-year change of 2.9%. This indicates that home prices in Amherst, NH are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $644,000 | 2.9% |
| Single Family | $670,000 | 2.3% |
| Condos | $521,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $505,000 | 2.9% |
3 Bed | $599,000 | 2.7% |
4 Bed | $740,000 | 1.6% |
| 5 Bed | $904,000 | 0.8% |
% of Housing Stock
Rental Trends — Amherst, NH
As of July '25, Rentcast reports the average rent in Amherst, NH is $2,600, with a year-over-year rent change of -15.0%. Per bedroom, the median rent as of July '25 in Amherst, NH is 2-bedrooms: $2,600. The most common rental property sizes in Amherst, NH are 2-bedroom and 3-bedroom, accounting for 58.2% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,600 | $2,600 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Amherst, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Amherst, NH is 48. This is a increase of 59.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $744,000 | 10.0% |
Listing Count | 36 | 53.0% |
| Listings as % of Homes | 0.3% | 53.0% |
Days on Market | 48 | 59.0% |
Demographics — Amherst, NH
As of the latest ACS Survey released in 2023, Amherst, NH has a population of 11,900, which has increased by 4.2% over the past 5 years. Amherst, NH is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 63.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 4.2% |
% Under 18 | 22.3% | -9.7% |
% Seniors | 18.9% | 10.5% |
% WFH | 29.1% | 144.5% |
% w/ College Degree | 63.5% | 0.8% |
As of the latest ACS Survey released in 2023, Amherst, NH is a predominantly white area, with 93.6% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Amherst, NH is hispanic, making up 3.8% of the population. Foreign-born residents account for 4.4% of the population in Amherst, NH, and this percentage has decreased by 18.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.6% | 0.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.8% | 137.5% |
% Asian | 1.2% | -45.5% |
% Foreign Born | 4.4% | -18.5% |
Mortgage and Risk — Amherst, NH
According to HUD data as of 2023, there were 280 mortgage originations in Amherst, NH, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Amherst, NH. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 280 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Amherst, NH
Amherst, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,400 |
| 2 Bedroom | -$760 | $2,600 | $1,840 |
| 3 Bedroom | N/A | N/A | $2,440 |
| 4 Bedroom | N/A | N/A | $2,600 |
Affordability — Amherst, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $644,000 |
| Median Household Income | $155,000 |