Home Values in Keene, New Hampshire — 2026 Market Report
Updated March 2026 | Balanced Market | +2.5% YoY
The median home value in Keene, New Hampshire is $275,000 as of March 2026, which is below the national median of $400,000. Home values in Keene have increased by 2.5% over the past year and 13.1% over the last five years. With a population of 23,409 and a median household income of $48,250, the price-to-income ratio stands at 5.7x, making Keene affordable for the average household.
Keene Housing Market Conditions
| Metric | Keene | National Avg |
|---|---|---|
| Median Home Value | $275,000 | $400,000 |
| YoY Appreciation | +2.5% | +3.8% |
| 5-Year Appreciation | +13.1% | +22.4% |
| Price per Sq Ft | $92 | $222 |
| Days on Market | 57 days | 45 days |
| Months of Supply | 3.6 | 3.5 |
| List-to-Sale Ratio | 100.3% | 98.5% |
| Monthly Homes Sold | 17 | — |
| Foreclosure Rate | 0.47% | 0.3% |
Home Value Trends in Keene
A homeowner who purchased at the median price of $243,148 five years ago in Keene would have gained approximately $31,852 in equity, representing a 13.1% return on investment. Over the past year alone, the typical homeowner gained $6,707 in home equity.
Affordability in Keene, NH
With a median household income of $48,250 and a median home price of $275,000, the price-to-income ratio in Keene is 5.7x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,502 compared to estimated monthly ownership costs of $1,786 gives a rent-vs-buy ratio of 1.19. In Keene, renting may be more cost-effective in the short term, though homeownership builds long-term wealth.
Property Taxes in Keene
The effective property tax rate in New Hampshire is 2.09%. On a home valued at $275,000, the estimated annual property tax bill is $5,748, or approximately $479/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Keene is 100.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Keene, NH?
The median home value in Keene, New Hampshire is $275,000 as of March 2026. Home values have changed +2.5% over the past year, with a 5-year appreciation of 13.1%.
Is Keene a buyer's or seller's market?
Keene is currently a balanced market with 3.6 months of housing supply. Homes spend an average of 57 days on market, and the list-to-sale price ratio is 100.3%. Supply and demand are relatively balanced.
Are home values going up in Keene?
Yes, home values in Keene have increased by 2.5% over the past year. The 5-year appreciation rate is 13.1%, meaning a home worth $243,148 five years ago is now worth $275,000.
Is it better to rent or buy in Keene?
The average monthly rent in Keene is $1,502, while estimated monthly homeownership costs are approximately $1,786. The price-to-rent ratio is 15.3. Current conditions suggest renting may be more affordable in the short term, though homeownership builds equity over time.
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Disclaimer: Home value data for Keene, New Hampshire is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.