Hillsborough County, New Hampshire Housing Market
In Hillsborough County, New Hampshire, the median home value is $421,100, with a median monthly rent of $1,623. This places Hillsborough County at #250 nationally out of 3134 counties by median home value, and #2 within New Hampshire.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,626
- Establishments: 12,214
- BLS QCEW, 2025
Housing Supply
- Single-family: 380
- Multi-family: 252
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 192,036 (avg $113,069)
- Outflow: 186,564 (avg $113,466)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Hillsborough County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 03043 | 294.2 | +9.84% | 2025 |
| 2 | 03048 | 355.0 | +12.80% | 2025 |
| 3 | 03440 | 327.9 | +9.13% | 2025 |
| 4 | 03109 | 335.2 | +7.68% | 2025 |
| 5 | 03070 | 291.1 | +5.57% | 2025 |
| 6 | 03060 | 314.4 | +8.01% | 2025 |
| 7 | 03062 | 308.3 | +3.35% | 2025 |
| 8 | 03102 | 328.5 | +2.30% | 2025 |
| 9 | 03104 | 312.6 | +7.82% | 2025 |
| 10 | 03449 | 258.9 | +7.45% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hillsborough County Compares
| Metric | Hillsborough County | New Hampshire Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $421,100 | $349,500 | $227,706 |
| Median Gross Rent | $1,623 | $1,318 | $968 |
| Owner Occupancy Rate | 67.4% | 74.3% | 73.3% |
| Price/Rent Ratio | 21.6 | 22.0 | 18.7 |
Market Analysis
The median home value in Hillsborough County is 20.5% above the New Hampshire state average and 84.9% above the U.S. national average. The median rent of $1,623/month is 23.1% above the state average.
With a price-to-rent ratio of 21.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hillsborough County has an owner-occupancy rate of 67.4%, compared to 74.3% in New Hampshire and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Carbon County | Montana | $420,800 | $844 |
| Columbia County | Oregon | $421,600 | $1,373 |
| Lake County | Montana | $421,800 | $901 |
| Clallam County | Washington | $421,800 | $1,152 |
| Washington County | Minnesota | $422,000 | $1,710 |
Other Counties in New Hampshire
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Carroll County | $388,900 | $1,195 | 83.4% |
| Belknap County | $374,900 | $1,167 | 80.1% |
| Merrimack County | $367,600 | $1,360 | 73.5% |
| Strafford County | $362,800 | $1,488 | 67.1% |
| Rockingham County | $497,500 | $1,687 | 78.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).