Portsmouth, NH 03801 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Portsmouth, NH—03801

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$816,000

4.0% YoY Growth

Household Income

$107,000

35.0% YoY Growth

Days on Market

28.0% Shorter YoY

Home Price Forecast

0.0%

Median Rent

$2,600

2.4% YoY Growth

1-Bed Rent

$2,100

2.1% YoY Growth

2-Bed Rent

$2,650

3.0% YoY Growth

3-Bed Rent

$4,350

1.5% YoY Growth

Home Price Trends — Portsmouth, NH

As of May '25, the median home price in Portsmouth, NH is $768,000, with a year-over-year change of 1.7%. This indicates that home prices in Portsmouth, 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	$816,000	4.0%
Single Family	$901,000	4.5%
Condos	$634,000	1.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Portsmouth, NH

As of July '25, Rentcast reports the average rent in Portsmouth, NH is $3,000, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Portsmouth, NH is studios: $2,180, 1-bedrooms: $2,290, 2-bedrooms: $3,050, 3-bedrooms: $4,080, 4-bedrooms: $4,550. The most common rental property sizes in Portsmouth, NH are 2-bedroom and 1-bedroom, accounting for 45.2% and 30.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$3,000
Studio Rent	$1,900	$2,180
1 Bed Rent	$2,100	$2,290
2 Bed Rent	$2,650	$3,050
3 Bed Rent	$4,350	$4,080
4 Bed Rent	$4,200	$4,550

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% of Rental Stock

Studio

6.8%

1 Bedroom

30.4%

2 Bedrooms

45.2%

3 Bedrooms

13.4%

4 Bedrooms

3.5%

5+ Bedrooms

0.8%

Property Listings — Portsmouth, NH

As of May '25, Realtor.com reports that the median days on market for a home in Portsmouth, NH is 57. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$799,000	-17.0%
Listing Count	122	-19.0%
Listings as % of Homes	0.5%	-19.0%
Days on Market	38	-28.0%

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Demographics — Portsmouth, NH

As of the latest ACS Survey released in 2023, Portsmouth, NH has a population of 23,200, which has increased by 2.9% over the past 5 years. Portsmouth, NH is a less popular place for families, as children make up 14.8% of the population. The area has a highly educated workforce, with 63.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,200	2.9%
% Under 18	14.8%	-4.5%
% Seniors	21.1%	14.7%
% WFH	20.3%	147.6%
% w/ College Degree	63.4%	13.2%

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As of the latest ACS Survey released in 2023, Portsmouth, NH is a predominantly white area, with 86.8% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Portsmouth, NH is asian, making up 3.8% of the population. Foreign-born residents account for 9.1% of the population in Portsmouth, NH, and this percentage has increased by 30.0% 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	86.8%	-0.1%
% Black	1.0%	-61.5%
% Hispanic	3.4%	36.0%
% Asian	3.8%	-25.5%
% Foreign Born	9.1%	30.0%

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Mortgage and Risk — Portsmouth, NH

According to HUD data as of 2023, there were 377 mortgage originations in Portsmouth, NH, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Portsmouth, NH. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	377
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Portsmouth, NH

As of 2024, the percent of homes in Portsmouth, NH under the Section 8 program is 7.9%. 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 Portsmouth, 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	847
Total Units Section 8	431
% Rentals under Section 8	7.9%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$440	$2,100	$1,660
2 Bedroom	-$500	$2,650	$2,150
3 Bedroom	-$1,690	$4,350	$2,660
4 Bedroom	-$1,100	$4,200	$3,100

Portsmouth, NH—03801

Key Metrics at a Glance

Home Price Trends — Portsmouth, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Portsmouth, NH

% of Rental Stock

Property Listings — Portsmouth, NH

Demographics — Portsmouth, NH

Race and Ethnicity

Mortgage and Risk — Portsmouth, NH

Mortgages

Rentals and Section 8 — Portsmouth, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Portsmouth, NH

Home Price to Income Ratio

Portsmouth, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Greenland, NH

Rye, NH

Eliot, ME

Kittery, ME

New Castle

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.5
Median Home Price	$816,000
Median Household Income	$107,000

Portsmouth, NH—03801

Key Metrics at a Glance

Home Price Trends — Portsmouth, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Portsmouth, NH

% of Rental Stock

Property Listings — Portsmouth, NH

Demographics — Portsmouth, NH

Race and Ethnicity

Mortgage and Risk — Portsmouth, NH

Mortgages

Rentals and Section 8 — Portsmouth, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Portsmouth, NH

Home Price to Income Ratio

Portsmouth, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Greenland, NH

Rye, NH

Eliot, ME

Kittery, ME

New Castle

Frequently Asked Questions

What is the average home price in Portsmouth, NH 03801?

How have home prices in Portsmouth, NH 03801 changed over the past year?

What is the home price projection for Portsmouth, NH 03801?

What are the demographics of Portsmouth, NH 03801?

How long does it take homes to sell in Portsmouth, NH 03801?

What is the average rent price in Portsmouth, NH 03801?