Derry, NH—03038
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Derry, NH
As of Oct '25, the median home price in Derry, NH is $484,000, 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 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $484,000 | 2.5% |
| Single Family | $546,000 | 3.2% |
| Condos | $357,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $230,000 | 1.3% |
2 Bed | $367,000 | 2.8% |
3 Bed | $533,000 | 3.3% |
4 Bed | $644,000 | 2.9% |
| 5 Bed | $669,000 | 2.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Derry, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Derry, NH is 40. This is a increase of 85.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $559,000 | 12.0% |
Listing Count | 88 | 108.0% |
| Listings as % of Homes | 0.2% | 108.0% |
Days on Market | 40 | 85.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Derry, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $484,000 |
| Median Household Income | $104,000 |