Keene, NH—03431
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Keene, NH
As of Oct '25, the median home price in Keene, NH is $337,000, with a year-over-year change of 3.9%. This indicates that home prices in Keene, NH are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $337,000 | 3.9% |
| Single Family | $342,000 | 2.4% |
| Condos | $263,000 | 6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $246,000 | 2.9% |
2 Bed | $268,000 | 5.9% |
3 Bed | $346,000 | 5.5% |
4 Bed | $414,000 | 4.5% |
| 5 Bed | $540,000 | 4.2% |
% of Housing Stock
Rental Trends — Keene, NH
As of July '25, Rentcast reports the average rent in Keene, NH is $1,660, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in Keene, NH is studios: $1,110, 1-bedrooms: $1,500, 2-bedrooms: $1,940, 3-bedrooms: $2,110, 4-bedrooms: $2,400. The most common rental property sizes in Keene, NH are 2-bedroom and 1-bedroom, accounting for 41.1% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,660 |
| Studio Rent | $1,100 | $1,110 |
| 1 Bed Rent | $1,400 | $1,500 |
| 2 Bed Rent | $1,700 | $1,940 |
| 3 Bed Rent | $1,900 | $2,110 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Keene, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Keene, NH is 35. This is a increase of 87.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $413,000 | -3.0% |
Listing Count | 52 | 61.0% |
| Listings as % of Homes | 0.2% | 61.0% |
Days on Market | 35 | 87.0% |
Demographics — Keene, NH
As of the latest ACS Survey released in 2023, Keene, NH has a population of 25,000, which has decreased by -1.7% over the past 5 years. Keene, NH is a less popular place for families, as children make up 14.6% of the population. The area has a moderately educated workforce, with 41.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,000 | -1.7% |
% Under 18 | 14.6% | -6.4% |
% Seniors | 18.3% | 4.6% |
% WFH | 12.6% | 51.8% |
% w/ College Degree | 41.4% | 4.0% |
As of the latest ACS Survey released in 2023, Keene, NH is a predominantly white area, with 92.0% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Keene, NH is hispanic, making up 2.2% of the population. Foreign-born residents account for 3.6% of the population in Keene, NH, and this percentage has decreased by 26.5% 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 | 92.0% | 1.2% |
% Black | 1.5% | 0.0% |
% Hispanic | 2.2% | -21.4% |
% Asian | 0.5% | -79.2% |
% Foreign Born | 3.6% | -26.5% |
Mortgage and Risk — Keene, NH
According to HUD data as of 2023, there were 272 mortgage originations in Keene, NH, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Keene, NH. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 272 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Keene, NH
Keene, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 975 |
Total Units Section 8 | 974 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,400 | $1,220 |
| 2 Bedroom | -$100 | $1,700 | $1,600 |
| 3 Bedroom | $180 | $1,900 | $2,080 |
| 4 Bedroom | -$280 | $2,400 | $2,120 |
Affordability — Keene, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $337,000 |
| Median Household Income | $78,200 |