Amherst, NH 03031 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Amherst, NH—03031

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$639,000

2.7% YoY Growth

Household Income

$155,000

15.1% YoY Growth

Days on Market

48.0% Longer YoY

Home Price Forecast

4.1%

Median Rent

$2,600

15.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,600

N/A

3-Bed Rent

N/A

Home Price Trends — Amherst, NH

As of Dec '25, the median home price in Amherst, NH is $639,000, with a year-over-year change of 2.7%. This indicates that home prices in Amherst, NH are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$639,000	2.7%
Single Family	$664,000	2.2%
Condos	$516,000	1.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Amherst, NH

As of July '25, Rentcast reports the average rent in Amherst, NH is $2,600, with a year-over-year rent change of -15.0%. Per bedroom, the median rent as of July '25 in Amherst, NH is 2-bedrooms: $2,600. The most common rental property sizes in Amherst, NH are 2-bedroom and 3-bedroom, accounting for 58.2% and 23.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$2,600
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$2,600	$2,600
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

16.6%

2 Bedrooms

58.2%

3 Bedrooms

23.2%

4 Bedrooms

2.0%

Property Listings — Amherst, NH

As of Dec '25, Realtor.com reports that the median days on market for a home in Amherst, NH is 64. This is a increase of 65.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$612,000	-6.0%
Listing Count	23	12.0%
Listings as % of Homes	0.3%	12.0%
Days on Market	72	48.0%

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Demographics — Amherst, NH

As of the latest ACS Survey released in 2023, Amherst, NH has a population of 11,900, which has increased by 4.2% over the past 5 years. Amherst, NH is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 63.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,900	4.2%
% Under 18	22.3%	-9.7%
% Seniors	18.9%	10.5%
% WFH	29.1%	144.5%
% w/ College Degree	63.5%	0.8%

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As of the latest ACS Survey released in 2023, Amherst, NH is a predominantly white area, with 93.6% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Amherst, NH is hispanic, making up 3.8% of the population. Foreign-born residents account for 4.4% of the population in Amherst, NH, and this percentage has decreased by 18.5% 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	93.6%	0.3%
% Black	0.0%	-100.0%
% Hispanic	3.8%	137.5%
% Asian	1.2%	-45.5%
% Foreign Born	4.4%	-18.5%

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Mortgage and Risk — Amherst, NH

According to HUD data as of 2023, there were 280 mortgage originations in Amherst, NH, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Amherst, NH. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	280
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	0.0%
% Second Loans	2.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Amherst, NH

Amherst, NH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	27
Total Units Section 8	27
% Rentals under Section 8	5.6%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,400
2 Bedroom	-$760	$2,600	$1,840
3 Bedroom	N/A	N/A	$2,440
4 Bedroom	N/A	N/A	$2,600

Amherst, NH—03031

Key Metrics at a Glance

Home Price Trends — Amherst, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Amherst, NH

% of Rental Stock

Property Listings — Amherst, NH

Demographics — Amherst, NH

Race and Ethnicity

Mortgage and Risk — Amherst, NH

Mortgages

Rentals and Section 8 — Amherst, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Amherst, NH

Home Price to Income Ratio

Amherst, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Milford, NH

Mont Vernon, NH

Merrimack, NH

Bedford, NH

Hollis, NH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$639,000
Median Household Income	$155,000

Amherst, NH—03031

Key Metrics at a Glance

Home Price Trends — Amherst, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Amherst, NH

% of Rental Stock

Property Listings — Amherst, NH

Demographics — Amherst, NH

Race and Ethnicity

Mortgage and Risk — Amherst, NH

Mortgages

Rentals and Section 8 — Amherst, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Amherst, NH

Home Price to Income Ratio

Amherst, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Milford, NH

Mont Vernon, NH

Merrimack, NH

Bedford, NH

Hollis, NH

Frequently Asked Questions

What is the average home price in Amherst, NH 03031?

How have home prices in Amherst, NH 03031 changed over the past year?

What is the home price projection for Amherst, NH 03031?

What are the demographics of Amherst, NH 03031?

How long does it take homes to sell in Amherst, NH 03031?

What is the average rent price in Amherst, NH 03031?