Amherst appreciation rates and housing market information

Amherst housing market information

With a population of 10,769, 3,752 total housing units (homes and apartments), and a median house value of $416,356, Amherst house prices are not only among the most expensive in New Hampshire, Amherst real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Amherst, accounting for 90.32% of the town's housing units. Other types of housing that are prevalent in Amherst include row houses and other attached homes (3.41%), duplexes, homes converted to apartments, or other small apartment buildings (3.38%), mobile homes or trailers (1.81%), and a few large apartment complexes or high rise apartments (1.07%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Amherst. Owner-occupied housing accounts for 88.43% of Amherst's homes, and 76.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Amherst built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Amherst built from 1940-1969 (22.92%). A lesser amount of the housing stock also hails from 1995 and later (12.18%), and some were built from 1939 and earlier (12.18%).

Amherst home appreciation rates

Appreciation rates for homes in Amherst have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.52%, which ranks in the top 40% nationwide. This equates to an annual average Amherst house appreciation rate of 8.65%.

Over the last year, Amherst appreciation rates have trailed the rest of the nation. In the last twelve months, Amherst's appreciation rate has been -5.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Amherst were at -0.69%, which equates to an annual appreciation rate of -2.76%.

Notably, Amherst's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Hampshire, our data show that Amherst's latest annual appreciation rate is higher than 30% of the other cities and towns in New Hampshire.