Rochester, NH—03867
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rochester, NH
As of Oct '25, the median home price in Rochester, NH is $383,000, with a year-over-year change of 3.6%. This indicates that home prices in Rochester, NH are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $383,000 | 3.6% |
| Single Family | $400,000 | 3.9% |
| Condos | $263,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | 4.9% |
3 Bed | $416,000 | 4.0% |
4 Bed | $439,000 | 4.5% |
| 5 Bed | $496,000 | 4.6% |
% of Housing Stock
Rental Trends — Rochester, NH
As of July '25, Rentcast reports the average rent in Rochester, NH is $2,130, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Rochester, NH is studios: $1,480, 1-bedrooms: $1,640, 2-bedrooms: $2,020, 3-bedrooms: $2,740, 4-bedrooms: $4,000. The most common rental property sizes in Rochester, NH are 1-bedroom and 2-bedroom, accounting for 36.7% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,130 |
| Studio Rent | $1,280 | $1,480 |
| 1 Bed Rent | $1,660 | $1,640 |
| 2 Bed Rent | $2,050 | $2,020 |
| 3 Bed Rent | $2,940 | $2,740 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Rochester, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Rochester, NH is 45. This is a increase of 77.0% 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 | $395,000 | 3.0% |
Listing Count | 51 | 42.0% |
| Listings as % of Homes | 0.2% | 42.0% |
Days on Market | 45 | 77.0% |
Demographics — Rochester, NH
As of the latest ACS Survey released in 2023, Rochester, NH has a population of 22,900, which has increased by 6.4% over the past 5 years. Rochester, NH is a moderately popular place for families, as children make up 17.5% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,900 | 6.4% |
% Under 18 | 17.5% | -9.8% |
% Seniors | 19.5% | 6.6% |
% WFH | 12.7% | 182.2% |
% w/ College Degree | 24.6% | 20.6% |
As of the latest ACS Survey released in 2023, Rochester, NH is a predominantly white area, with 93.0% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Rochester, NH is hispanic, making up 1.7% of the population. Foreign-born residents account for 3.4% of the population in Rochester, NH, and this percentage has increased by 6.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.0% | 0.4% |
% Black | 0.9% | 200.0% |
% Hispanic | 1.7% | -34.6% |
% Asian | 1.2% | -33.3% |
% Foreign Born | 3.4% | 6.2% |
Mortgage and Risk — Rochester, NH
According to HUD data as of 2023, there were 480 mortgage originations in Rochester, NH, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Rochester, NH. Investor activity is low, as 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 480 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Rochester, NH
As of 2024, the percent of homes in Rochester, NH under the Section 8 program is 12.7%. 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 Rochester, 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 | 840 |
Total Units Section 8 | 490 |
% Rentals under Section 8 | 12.7% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,660 | $1,430 |
| 2 Bedroom | -$240 | $2,050 | $1,810 |
| 3 Bedroom | -$630 | $2,940 | $2,310 |
| 4 Bedroom | -$1,300 | $4,000 | $2,700 |
Affordability — Rochester, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $383,000 |
| Median Household Income | $74,400 |