Derry, NH 03038 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Derry, NH—03038

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$480,000

2.5% YoY Growth

Household Income

$104,000

46.6% YoY Growth

Days on Market

49.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$1,800

7.5% YoY Growth

1-Bed Rent

$1,700

3.7% YoY Growth

2-Bed Rent

$1,950

10.3% YoY Growth

3-Bed Rent

$3,150

4.3% YoY Growth

Home Price Trends — Derry, NH

As of Dec '25, the median home price in Derry, NH is $480,000, with a year-over-year change of 2.5%. This indicates that home prices in Derry, NH are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$480,000	2.5%
Single Family	$540,000	3.1%
Condos	$355,000	2.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Derry, NH

As of July '25, Rentcast reports the average rent in Derry, NH is $2,100, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Derry, NH is studios: $1,370, 1-bedrooms: $1,700, 2-bedrooms: $2,100, 3-bedrooms: $3,130, 4-bedrooms: $3,500. The most common rental property sizes in Derry, NH are 2-bedroom and 1-bedroom, accounting for 49.2% and 27.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$2,100
Studio Rent	$1,350	$1,370
1 Bed Rent	$1,700	$1,700
2 Bed Rent	$1,950	$2,100
3 Bed Rent	$3,150	$3,130
4 Bed Rent	$3,500	$3,500

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% of Rental Stock

Studio

4.9%

1 Bedroom

27.2%

2 Bedrooms

49.2%

3 Bedrooms

16.3%

4 Bedrooms

1.9%

5+ Bedrooms

0.5%

Property Listings — Derry, NH

As of Dec '25, Realtor.com reports that the median days on market for a home in Derry, NH is 37. This is a increase of 102.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$544,000	4.0%
Listing Count	68	30.0%
Listings as % of Homes	0.2%	30.0%
Days on Market	37	49.0%

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Demographics — Derry, NH

As of the latest ACS Survey released in 2023, Derry, NH has a population of 34,600, which has increased by 2.4% over the past 5 years. Derry, NH is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 34.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	34,600	2.4%
% Under 18	20.2%	-7.8%
% Seniors	14.3%	18.2%
% WFH	14.1%	193.7%
% w/ College Degree	34.7%	22.2%

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As of the latest ACS Survey released in 2023, Derry, NH is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Derry, NH is hispanic, making up 4.3% of the population. Foreign-born residents account for 4.3% of the population in Derry, NH, and this percentage has decreased by 4.4% 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	90.8%	-2.4%
% Black	1.0%	11.1%
% Hispanic	4.3%	22.9%
% Asian	1.3%	-7.1%
% Foreign Born	4.3%	-4.4%

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Mortgage and Risk — Derry, NH

According to HUD data as of 2023, there were 679 mortgage originations in Derry, NH, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Derry, NH. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	679
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Derry, NH

As of 2024, the percent of homes in Derry, NH under the Section 8 program is 12.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Derry, NH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	500
Total Units Section 8	500
% Rentals under Section 8	12.2%
% Occupied Section 8	92.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$350	$1,700	$1,350
2 Bedroom	-$180	$1,950	$1,770
3 Bedroom	-$830	$3,150	$2,320
4 Bedroom	-$1,060	$3,500	$2,440

Derry, NH—03038

Key Metrics at a Glance

Home Price Trends — Derry, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Derry, NH

% of Rental Stock

Property Listings — Derry, NH

Demographics — Derry, NH

Race and Ethnicity

Mortgage and Risk — Derry, NH

Mortgages

Rentals and Section 8 — Derry, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Derry, NH

Home Price to Income Ratio

Derry, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Chester, NH

Windham, NH

Hampstead, NH

Sandown, NH

Londonderry, NH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$480,000
Median Household Income	$104,000

Derry, NH—03038

Key Metrics at a Glance

Home Price Trends — Derry, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Derry, NH

% of Rental Stock

Property Listings — Derry, NH

Demographics — Derry, NH

Race and Ethnicity

Mortgage and Risk — Derry, NH

Mortgages

Rentals and Section 8 — Derry, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Derry, NH

Home Price to Income Ratio

Derry, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Chester, NH

Windham, NH

Hampstead, NH

Sandown, NH

Londonderry, NH

Frequently Asked Questions

What is the average home price in Derry, NH 03038?

How have home prices in Derry, NH 03038 changed over the past year?

What is the home price projection for Derry, NH 03038?

What are the demographics of Derry, NH 03038?

How long does it take homes to sell in Derry, NH 03038?

What is the average rent price in Derry, NH 03038?