Portsmouth, NH—03801
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Portsmouth, NH
As of Oct '25, the median home price in Portsmouth, NH is $776,000, 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 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $776,000 | 1.7% |
| Single Family | $848,000 | 1.3% |
| Condos | $614,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $478,000 | 1.3% |
2 Bed | $590,000 | 2.3% |
3 Bed | $876,000 | 1.5% |
4 Bed | $1,112,000 | 1.9% |
| 5 Bed | $1,478,000 | 1.4% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Portsmouth, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Portsmouth, NH is 39. This is a increase of 15.0% 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 | $845,000 | -6.0% |
Listing Count | 145 | 50.0% |
| Listings as % of Homes | 0.5% | 50.0% |
Days on Market | 39 | 15.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Portsmouth, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $776,000 |
| Median Household Income | $107,000 |