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Keene, NH—03431

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$341,000
3.9% YoY Growth
Household Income
$78,200
39.0% YoY Growth
Days on Market
39
17.0% Longer YoY
Home Price Forecast
5.3%
Median Rent
$1,500
8.8% YoY Growth
1-Bed Rent
$1,400
0.7% YoY Growth
2-Bed Rent
$1,700
0.0% YoY Growth
3-Bed Rent
$1,900
15.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Keene, NH

As of Dec '25, the median home price in Keene, NH is $341,000, 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 5.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$341,0003.9%
Single Family $346,0002.1%
Condos $266,0006.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $247,000
    2.5%
    2 Bed
    		$268,0005.5%
    3 Bed
    		$346,0005.2%
    4 Bed
    		$413,0004.3%
    5 Bed $537,4933.8%
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    16.4%
    2 Bedrooms
    30.4%
    3 Bedrooms
    32.6%
    4 Bedrooms
    14.6%
    5+ Bedrooms
    3.9%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.4%
    1 Bedroom
    32.1%
    2 Bedrooms
    41.1%
    3 Bedrooms
    17.7%
    4 Bedrooms
    3.4%
    5+ Bedrooms
    2.4%

    Property Listings — Keene, NH

    As of Dec '25, Realtor.com reports that the median days on market for a home in Keene, NH is 38. This is a increase of 27.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$362,000-3.0%
    Listing Count
    		3724.0%
    Listings as % of Homes0.2%24.0%
    Days on Market
    		3917.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$341,000
    Median Household Income$78,200

    Keene, NH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Gilsum, NH

    03448

    Sullivan, NH

    03445

    Swanzey, NH

    03446

    Chesterfield, NH

    03462

    Westmoreland, NH

    03467

    Frequently Asked Questions