Somersworth, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Somersworth Neighborhoods Since 2000




Somersworth, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Somersworth Housing Market Information

With a population of 11,759, 4,589 total housing units (homes and apartments), and a median house value of $219,347, Somersworth real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Somersworth, accounting for 48.17% of the city's housing units. Other types of housing that are prevalent in Somersworth include duplexes, homes converted to apartments or other small apartment buildings ( 22.82%), large apartment complexes or high rise apartments ( 17.77%), and a few mobile homes or trailers ( 9.74%).

The most prevalent building size and type in Somersworth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.78% owning and 43.22% renting.

There is a lot of housing in Somersworth 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 Somersworth built between 1940-1969 ( 30.48%). A lesser amount of the housing stock also hails from before 1939 ( 29.39%). There's also some housing in Somersworth built between 2000 and later ( 9.06%).

Somersworth Home Appreciation Rates

Somersworth's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Somersworth during the period has been just -1.49%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Somersworth's appreciation rate, at 5.16%, has been at or slightly above the national average. In the latest quarter, Somersworth's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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

Average Home Values

 

Median Home Value:
$219,347

Somersworth, NH HOME PRICES

Value Range
> $1,123,000 0.5
$842,001 - $1,123,000 0.3
$562,001 - $842,000 0.0
$449,001 - $562,000 2.3
$337,001 - $449,000 9.2
$225,001 - $337,000 31.6
$112,001 - $225,000 39.5
$56,001 - $112,000 2.8
$0 - $56,000 13.7

Low for NH
High for Nation

Value Relative to Nation Value Relative to State
27.8213992734091 69.4267515923567

Number Of Homes And Apartments:
4,589

Somersworth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.44% 1.77% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,481 / per month

Homeownership Rate

Homeownership
Owners 56.78
Renters 43.22
Vacant 7.24

Housing Market Details

 

Age of Homes

AGE OF Somersworth HOMES
2000 or Newer 9.1
1970 - 1999 31.1
1940 - 1969 30.5
1939 or Older 29.4

Types of Homes

TYPE OF Somersworth HOMES
Single-Family 48.2
Townhomes 1.5
Small Apt. Buildings 22.8
Apt. Complexes 17.8
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Somersworth HOMES
No Bedroom 0.95
1 Bedroom 11.34
2 Bedrooms 32.42
3 Bedrooms 38.79
4 Bedrooms 13.32
5 or more bedrooms 3.17

Popular Neighborhoods in Somersworth

Zip Codes in Somersworth, NH