Rochester, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rochester, NH Real Estate Data


Rochester Housing Market Information

With 30,038 people, 12,715 houses or apartments, and a median cost of homes of $177,181, Rochester real estate values are some of the lowest in New Hampshire, although compared to real estate around the nation, Rochester homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Rochester, accounting for 46.21% of the city's housing units. Other types of housing that are prevalent in Rochester include duplexes, homes converted to apartments or other small apartment buildings ( 17.89%), mobile homes or trailers ( 16.86%), and a few large apartment complexes or high rise apartments ( 15.65%).

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

There is a lot of housing in Rochester 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 Rochester built before 1939 ( 23.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.80%). There's also some housing in Rochester built between 2000 and later ( 15.81%).

Rochester Home Appreciation Rates

Rochester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rochester during the period has been just -1.88%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Rochester's appreciation rate, at 4.41%, has been at or slightly above the national average. In the latest quarter, Rochester's appreciation rate has been 1.57%, which annualizes to a rate of 6.42%.

Relative to New Hampshire, our data show that Rochester's latest annual appreciation rate is lower than 80% 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 Rochester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rochester - 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 Rochester real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$177,181

Rochester, NH HOME PRICES

Value Range
> $1,101,000 0.3
$826,001 - $1,101,000 0.0
$551,001 - $826,000 0.0
$440,001 - $551,000 1.3
$330,001 - $440,000 5.6
$221,001 - $330,000 23.8
$110,001 - $221,000 44.7
$55,001 - $110,000 12.9
$0 - $55,000 11.4

Very Low for NH
Average for Nation

Value Relative to Nation Value Relative to State
40.2998184692862 89.8089171974522

Number Of Homes And Apartments:
12,715

Rent & Ownership

 

Average Market Rent:
$1,154 / per month

Homeownership Rate

Homeownership
Owners 63.49
Renters 36.51
Vacant 8.99

Housing Market Details

 

Age of Homes

AGE OF Rochester HOMES
2000 or Newer 15.8
1970 - 1999 41.0
1940 - 1969 19.8
1939 or Older 23.4

Types of Homes

TYPE OF Rochester HOMES
Single-Family 46.2
Townhomes 3.4
Small Apt. Buildings 17.9
Apt. Complexes 15.7
Mobile Homes 16.9
Other 0.0

Home Size

SIZE OF Rochester HOMES
No Bedroom 3.46
1 Bedroom 9.60
2 Bedrooms 41.89
3 Bedrooms 34.07
4 Bedrooms 8.85
5 or more bedrooms 2.13

Rochester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.63% 1.67% 1 3
* 10 is highest