Goffstown, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Goffstown, NH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Goffstown Housing Market Information

With 17,945 people, 6,221 houses or apartments, and a median cost of homes of $270,996, Goffstown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Goffstown, accounting for 63.50% of the town's housing units. Other types of housing that are prevalent in Goffstown include duplexes, homes converted to apartments or other small apartment buildings ( 14.18%), large apartment complexes or high rise apartments ( 10.80%), and a few row houses and other attached homes ( 7.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Goffstown. Owner-occupied housing accounts for 67.62% of Goffstown's homes, and 52.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Goffstown built from 1970 to 1999 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 Goffstown built between 1940-1969 ( 22.94%). A lesser amount of the housing stock also hails from before 1939 ( 21.35%). There's also some housing in Goffstown built between 2000 and later ( 8.27%).

Goffstown Home Appreciation Rates

Goffstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Goffstown during the period has been just -1.00%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Goffstown's appreciation rate, at 3.84%, has been at or slightly above the national average. In the latest quarter, Goffstown's appreciation rate has been 0.21%, which annualizes to a rate of 0.86%.

Relative to New Hampshire, our data show that Goffstown's latest annual appreciation rate is higher than 50% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$270,996

Goffstown, NH HOME PRICES

Value Range
> $1,131,000 0.7
$848,001 - $1,131,000 0.7
$566,001 - $848,000 0.6
$452,001 - $566,000 3.2
$339,001 - $452,000 15.4
$226,001 - $339,000 41.5
$113,001 - $226,000 32.3
$57,001 - $113,000 4.1
$0 - $57,000 1.5

Average for NH
Very High for Nation

Value Relative to Nation Value Relative to State
19.6062346185398 42.6751592356688

Number Of Homes And Apartments:
6,221

Goffstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
46.90% 2.25% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,351 / per month

Homeownership Rate

Homeownership
Owners 67.62
Renters 32.38
Vacant 5.12

Housing Market Details

 

Age of Homes

AGE OF Goffstown HOMES
2000 or Newer 8.3
1970 - 1999 47.4
1940 - 1969 22.9
1939 or Older 21.4

Types of Homes

TYPE OF Goffstown HOMES
Single-Family 63.5
Townhomes 7.5
Small Apt. Buildings 14.2
Apt. Complexes 10.8
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Goffstown HOMES
No Bedroom 0.55
1 Bedroom 7.79
2 Bedrooms 33.46
3 Bedrooms 38.10
4 Bedrooms 14.60
5 or more bedrooms 5.51