Seabrook, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Seabrook, NH Real Estate Data


Seabrook Housing Market Information

With 8,779 people, 3,837 houses or apartments, and a median cost of homes of $331,064, real estate costs in Seabrook are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Hampshire communities.

Single-family detached homes are the single most common housing type in Seabrook, accounting for 46.69% of the town's housing units. Other types of housing that are prevalent in Seabrook include mobile homes or trailers ( 22.01%), large apartment complexes or high rise apartments ( 15.33%), and a few row houses and other attached homes ( 8.14%).

The most prevalent building size and type in Seabrook are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.04% owning and 36.96% renting.

There is a lot of housing in Seabrook 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 Seabrook built between 1940-1969 ( 20.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.96%). There's also some housing in Seabrook built before 1939 ( 6.92%).

Vacant housing appears to be an issue in Seabrook. Fully 17.85% of the housing stock is classified as vacant. Left unchecked, vacant Seabrook homes and apartments can be a drag on the real estate market, holding Seabrook real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Seabrook Home Appreciation Rates

Real estate appreciation rates in Seabrook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.13% during the period.

Appreciation rates are so strong in Seabrook that despite a nationwide downturn in the housing market, Seabrook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seabrook appreciation rates continue to be some of the highest in America, at 6.13%, which is higher than appreciation rates in 75.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seabrook. Seabrook appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.42%.

Relative to New Hampshire, our data show that Seabrook's latest annual appreciation rate is higher than 80% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$331,064

Seabrook, NH HOME PRICES

Value Range
> $1,223,000 2.0
$917,001 - $1,223,000 0.7
$611,001 - $917,000 8.6
$489,001 - $611,000 5.0
$367,001 - $489,000 22.9
$244,001 - $367,000 28.9
$122,001 - $244,000 17.0
$61,001 - $122,000 6.0
$0 - $61,000 8.9

High for NH
Very High for Nation

Value Relative to Nation Value Relative to State
14.0657024067459 21.656050955414

Number Of Homes And Apartments:
3,837

Rent & Ownership

 

Average Market Rent:
$1,163 / per month

Homeownership Rate

Homeownership
Owners 63.04
Renters 36.96
Vacant 17.85

Housing Market Details

 

Age of Homes

AGE OF Seabrook HOMES
2000 or Newer 17.0
1970 - 1999 55.3
1940 - 1969 20.8
1939 or Older 6.9

Types of Homes

TYPE OF Seabrook HOMES
Single-Family 46.7
Townhomes 8.1
Small Apt. Buildings 7.8
Apt. Complexes 15.3
Mobile Homes 22.0
Other 0.0

Home Size

SIZE OF Seabrook HOMES
No Bedroom 1.54
1 Bedroom 15.33
2 Bedrooms 31.24
3 Bedrooms 36.18
4 Bedrooms 14.00
5 or more bedrooms 1.71

Seabrook 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
43.21% 2.13% 4 5
* 10 is highest