Keene, NH Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Keene, NH Housing Market Trends

With a population of 23,047, 9,239 total housing units (homes and apartments), and a median house value of $258,894, Keene real estate values are some of the lowest in New Hampshire, although compared to real estate around the nation, Keene homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Keene, accounting for 50.90% of the city's housing units. Other types of housing that are prevalent in Keene include large apartment complexes or high rise apartments ( 25.44%), duplexes, homes converted to apartments or other small apartment buildings ( 15.75%), and a few row houses and other attached homes ( 4.35%).

The most prevalent building size and type in Keene are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.90% owning and 54.10% renting.

There is a lot of housing in Keene 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 Keene built before 1939 ( 32.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.52%). There's also some housing in Keene built between 2000 and later ( 7.33%).

Keene Home Appreciation Rates

Keene's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Keene during the period has been just 3.85%, which is lower than 70% of US communities.

Appreciation rates are so strong in Keene that despite a nationwide downturn in the housing market, Keene real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Keene appreciation rates continue to be some of the highest in America, at 24.06%, which is higher than appreciation rates in 89.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Keene. Keene appreciation rates in the latest quarter were at 9.40%, which equates to an annual appreciation rate of 43.27%.

Importantly, this makes Keene one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New Hampshire, our data show that Keene's latest annual appreciation rate is higher than 90% of the other cities and towns in New Hampshire.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Keene differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Keene - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Keene real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$258,894

Keene, NH HOME PRICES

> $1,431,000
$1,073,001 - $1,431,000
$715,001 - $1,073,000
$573,001 - $715,000
$429,001 - $573,000
$286,001 - $429,000
$143,001 - $286,000
$72,001 - $143,000
$0 - $72,000
0.1%
0.1%
0.2%
0.2%
0.4%
0.4%
4.2%
4.2%
8.5%
8.5%
27.3%
27.3%
48.3%
48.3%
3.9%
3.9%
7.1%
7.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for NH

Value Relative To Nation

Number Of Homes And Apartments:
9,239

Keene Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
110.76% 3.45%
3
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,380 / per month

Homeownership Rate

Owners
Renters
Vacant
45.9%
45.9%
54.1%
54.1%
8.8%
8.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.3%
7.3%
33.2%
33.2%
26.5%
26.5%
32.9%
32.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.9%
50.9%
4.4%
4.4%
15.8%
15.8%
25.4%
25.4%
3.6%
3.6%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
15.5%
15.5%
29.0%
29.0%
34.0%
34.0%
14.7%
14.7%
5.2%
5.2%
0.0% 100.0%
% OF HOMES