Portsmouth, NH

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Portsmouth, 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Portsmouth Housing Market Information

With 21,796 people, 10,157 houses or apartments, and a median cost of homes of $448,201, Portsmouth house prices are not only among the most expensive in New Hampshire, Portsmouth 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 Portsmouth, accounting for 42.01% of the city's housing units. Other types of housing that are prevalent in Portsmouth include large apartment complexes or high rise apartments ( 29.61%), duplexes, homes converted to apartments or other small apartment buildings ( 18.49%), and a few row houses and other attached homes ( 8.27%).

People in Portsmouth primarily live in small (one, two or no bedroom) single-family detached homes. Portsmouth has a mixture of owner-occupied and renter-occupied housing.

The housing in Portsmouth was primarily built before 1939 ( 36.10%), making the housing stock in Portsmouth some of the oldest overall in America, although there is a range of ages of homes in Portsmouth. The next most important housing age is between 1970-1999 ( 30.11%), followed by between 1940-1969 ( 27.71%). There's also some housing in Portsmouth built between 2000 and later ( 6.07%).

Portsmouth Home Appreciation Rates

In the last 10 years, Portsmouth has experienced some of the highest home appreciation rates of any community in the nation. Portsmouth real estate appreciated 44.39% over the last ten years, which is an average annual home appreciation rate of 3.74%, putting Portsmouth in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Portsmouth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Portsmouth that despite a nationwide downturn in the housing market, Portsmouth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Portsmouth appreciation rates continue to be some of the highest in America, at 5.37%, which is higher than appreciation rates in 77.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Portsmouth. Portsmouth appreciation rates in the latest quarter were at 0.29%, which equates to an annual appreciation rate of 1.18%.

Relative to New Hampshire, our data show that Portsmouth's latest annual appreciation rate is higher than 60% 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 Portsmouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Portsmouth - 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 Portsmouth real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Portsmouth, NH HOME PRICES

Value Range
> $1,260,000 6.7
$945,001 - $1,260,000 5.1
$630,001 - $945,000 17.8
$504,001 - $630,000 13.7
$378,001 - $504,000 27.1
$252,001 - $378,000 21.9
$126,001 - $252,000 4.3
$63,001 - $126,000 0.2
$0 - $63,000 3.2

Very High for NH
Very High for Nation

Value Relative to Nation Value Relative to State
9.03357664233577 6.36942675159236

Number Of Homes And Apartments:

Portsmouth Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
105.91% 3.77%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,114 / per month

Homeownership Rate

Owners 48.27
Renters 51.73
Vacant 2.70

Housing Market Details


Age of Homes

AGE OF Portsmouth HOMES
2000 or Newer 6.1
1970 - 1999 30.1
1940 - 1969 27.7
1939 or Older 36.1

Types of Homes

TYPE OF Portsmouth HOMES
Single-Family 42.0
Townhomes 8.3
Small Apt. Buildings 18.5
Apt. Complexes 29.6
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Portsmouth HOMES
No Bedroom 2.57
1 Bedroom 19.87
2 Bedrooms 36.08
3 Bedrooms 26.92
4 Bedrooms 12.72
5 or more bedrooms 1.85