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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Portsmouth, 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Portsmouth, NH Housing Market Trends

With 22,713 people, 10,462 houses or apartments, and a median cost of homes of $721,125, 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 40.20% of the city's housing units. Other types of housing that are prevalent in Portsmouth include large apartment complexes or high rise apartments ( 31.11%), duplexes, homes converted to apartments or other small apartment buildings ( 19.12%), and a few row houses and other attached homes ( 7.08%).

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 ( 36.67%), 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 ( 27.33%), followed by between 1940-1969 ( 23.43%). There's also some housing in Portsmouth built between 2000 and later ( 12.57%).

Portsmouth Home Appreciation Rates

Appreciation rates for homes in Portsmouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.01%, which ranks in the top 40% nationwide. This equates to an annual average Portsmouth house appreciation rate of 6.91%.

NeighborhoodScout's data show that during the latest twelve months, Portsmouth's appreciation rate, at 4.02%, has been at or slightly above the national average. In the latest quarter, Portsmouth's appreciation rate has been 3.73%, which annualizes to a rate of 15.77%.

Relative to New Hampshire, our data show that Portsmouth's latest annual appreciation rate is lower than 70% 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

$721,125

Portsmouth, NH Home Prices
> $1,346,000
$1,009,001 - $1,346,000
$673,001 - $1,009,000
$538,001 - $673,000
$404,001 - $538,000
$269,001 - $404,000
$135,001 - $269,000
$67,001 - $135,000
$0 - $67,000
7.8%
7.8%
15.3%
15.3%
26.4%
26.4%
18.1%
18.1%
17.1%
17.1%
10.3%
10.3%
2.1%
2.1%
1.2%
1.2%
1.6%
1.6%
0% 100.0%
% of Homes
Very High

for New hampshire

Very High

for nation

Number of Homes And Apartments:

10,462

Portsmouth Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,903 / per month

Homeownership Rate

Owners
Renters
Vacant
50.6%
50.6%
49.4%
49.4%
5.7%
5.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.6%
12.6%
27.3%
27.3%
23.4%
23.4%
36.7%
36.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
40.2%
40.2%
7.1%
7.1%
19.1%
19.1%
31.1%
31.1%
2.5%
2.5%
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
4.0%
4.0%
17.1%
17.1%
40.1%
40.1%
22.0%
22.0%
12.9%
12.9%
3.8%
3.8%
0% 100.0%
% of Homes