Independent New Hampshire Journalism · Northfield, NHCorrection, Sept. 19, 2026, 3:18 p.m. EDT: An earlier version of this article said New Hampshire’s median home price hit $515,000 in summer 2025, up 9 percent, with fewer than 2,000 listings and a median household income under $90,000. It also quoted three people, including a “Monica Duffy” described as president of the state Realtors’ association, and it described Chris Sununu as the sitting governor. In fact, the July 2025 single-family median was $545,000, up 2.8 percent, with 2,574 homes for sale (New Hampshire REALTORS®). The Census Bureau puts median household income at $99,031. The 2025 president of New Hampshire REALTORS® was Susan Cole, and Kelly Ayotte has been governor since January 2025. Granite State Report could not confirm the quotes, so we removed them and corrected the figures and the governor reference.
For Average Families, New Hampshire Homes Are More Unaffordable Than Ever
By Granite State Report Staff
Buying a home in New Hampshire is out of reach for many middle-class families. Prices have climbed faster than incomes, and the supply of homes for sale stays thin.
The median sales price of a single-family home in New Hampshire reached $545,000 in July 2025, up 2.8 percent from $530,000 a year earlier, according to New Hampshire REALTORS® monthly figures. For all of 2024 the statewide median was $515,000, and for 2025 it was $535,000. The same July report put the single-family Housing Affordability Index at 55. That means the median household income was 55 percent of what it takes to qualify for the median-priced home at prevailing interest rates. The U.S. Census Bureau puts New Hampshire’s median household income at $99,031 (American Community Survey, 2020-2024).
A Thin Supply
Part of the problem is the small number of homes for sale. In July 2025, New Hampshire had 2,574 single-family homes on the market, about a 2.5-month supply, according to New Hampshire REALTORS®. That was up from 2,006 homes and a 2.0-month supply a year earlier, but it is still a thin market.
Families Squeezed Out
For young families and first-time buyers, the challenge is even greater. Rising rents mean fewer can save for a down payment, while investors and cash buyers continue to snap up homes at above-asking prices.
Policy Response Stalled
Lawmakers in Concord have debated a range of housing bills, from zoning reform to down payment assistance, but progress has been slow. Opposition from local governments wary of state control has stalled major initiatives.
Former Governor Chris Sununu, who left office in January 2025, backed efforts to streamline permitting and encourage accessory dwelling units, but housing advocates said the scale of reform was far too small to meet demand. Governor Kelly Ayotte took office on January 9, 2025.
What’s Next
Without significant intervention, experts warn the affordability gap will only widen. Rising construction costs, demographic shifts, and continued in-migration from Massachusetts will likely keep demand high.
📊 Key Stats
- Median NH single-family sales price, July 2025: $545,000 (NH REALTORS®)
- Median NH household income, 2020-2024: $99,031 (U.S. Census Bureau)
- Single-family homes for sale, July 2025: 2,574 (2.5 months of supply)
- Single-family Housing Affordability Index, July 2025: 55 (100 means a median-income household can just qualify)
Corrections: Granite State Report corrects verified errors promptly and appends a dated note identifying what changed and when. The corrections policy and the corrections register are public, and correction notes are never removed.
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