Lee, NH—03861
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lee, NH
As of Oct '25, the median home price in Lee, NH is $604,000, with a year-over-year change of 3.3%. This indicates that home prices in Lee, NH are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $604,000 | 3.3% |
| Single Family | $617,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $437,000 | 4.3% |
3 Bed | $603,000 | 3.3% |
4 Bed | $711,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lee, NH
As of July '25, Rentcast reports the average rent in Lee, NH is $2,760, with a year-over-year rent change of 31.4%. Per bedroom, the median rent as of July '25 in Lee, NH is 1-bedrooms: $1,620, 3-bedrooms: $3,900. The most common rental property sizes in Lee, NH are 2-bedroom and 1-bedroom, accounting for 51.9% and 48.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $2,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,620 | $1,620 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,900 | $3,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lee, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Lee, NH is 60. This is a increase of 122.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $658,000 | 11.0% |
Listing Count | 13 | 344.0% |
| Listings as % of Homes | 0.4% | 344.0% |
Days on Market | 60 | 122.0% |
Demographics — Lee, NH
As of the latest ACS Survey released in 2023, Lee, NH has a population of 4,560, which has increased by 3.0% over the past 5 years. Lee, NH is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 53.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,560 | 3.0% |
% Under 18 | 24.8% | 34.8% |
% Seniors | 23.3% | 37.1% |
% WFH | 21.2% | 247.5% |
% w/ College Degree | 53.2% | -10.0% |
As of the latest ACS Survey released in 2023, Lee, NH is a predominantly white area, with 76.6% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Lee, NH is hispanic, making up 10.8% of the population. Foreign-born residents account for 5.2% of the population in Lee, NH, and this percentage has decreased by 25.7% 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 | 76.6% | -12.0% |
% Black | 0.0% | N/A |
% Hispanic | 10.8% | 116.0% |
% Asian | 7.4% | -2.6% |
% Foreign Born | 5.2% | -25.7% |
Mortgage and Risk — Lee, NH
According to HUD data as of 2023, there were 137 mortgage originations in Lee, NH, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Lee, NH. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Lee, NH
Lee, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 18.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,620 | $1,430 |
| 2 Bedroom | N/A | N/A | $1,810 |
| 3 Bedroom | -$1,590 | $3,900 | $2,310 |
| 4 Bedroom | N/A | N/A | $2,700 |
Affordability — Lee, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $604,000 |
| Median Household Income | $140,000 |