Home Values in Portsmouth, New Hampshire — 2026 Market Report
Updated March 2026 | Balanced Market | +2% YoY
The median home value in Portsmouth, New Hampshire is $595,000 as of March 2026, which is above the national median of $400,000. Home values in Portsmouth have increased by 2% over the past year and 10.4% over the last five years. With a population of 22,158 and a median household income of $82,250, the price-to-income ratio stands at 7.2x, making Portsmouth affordable for the average household.
Portsmouth Housing Market Conditions
| Metric | Portsmouth | National Avg |
|---|---|---|
| Median Home Value | $595,000 | $400,000 |
| YoY Appreciation | +2% | +3.8% |
| 5-Year Appreciation | +10.4% | +22.4% |
| Price per Sq Ft | $213 | $222 |
| Days on Market | 58 days | 45 days |
| Months of Supply | 3 | 3.5 |
| List-to-Sale Ratio | 99% | 98.5% |
| Monthly Homes Sold | 12 | — |
| Foreclosure Rate | 0.37% | 0.3% |
Home Value Trends in Portsmouth
A homeowner who purchased at the median price of $538,949 five years ago in Portsmouth would have gained approximately $56,051 in equity, representing a 10.4% return on investment. Over the past year alone, the typical homeowner gained $11,667 in home equity.
Affordability in Portsmouth, NH
With a median household income of $82,250 and a median home price of $595,000, the price-to-income ratio in Portsmouth is 7.2x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,978 compared to estimated monthly ownership costs of $3,862 gives a rent-vs-buy ratio of 1.30. In Portsmouth, renting may be more cost-effective in the short term, though homeownership builds long-term wealth.
Property Taxes in Portsmouth
The effective property tax rate in New Hampshire is 2.09%. On a home valued at $595,000, the estimated annual property tax bill is $12,436, or approximately $1,036/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Portsmouth is 128.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Portsmouth, NH?
The median home value in Portsmouth, New Hampshire is $595,000 as of March 2026. Home values have changed +2% over the past year, with a 5-year appreciation of 10.4%.
Is Portsmouth a buyer's or seller's market?
Portsmouth is currently a balanced market with 3 months of housing supply. Homes spend an average of 58 days on market, and the list-to-sale price ratio is 99%. Supply and demand are relatively balanced.
Are home values going up in Portsmouth?
Yes, home values in Portsmouth have increased by 2% over the past year. The 5-year appreciation rate is 10.4%, meaning a home worth $538,949 five years ago is now worth $595,000.
Is it better to rent or buy in Portsmouth?
The average monthly rent in Portsmouth is $2,978, while estimated monthly homeownership costs are approximately $3,862. The price-to-rent ratio is 16.6. Current conditions suggest renting may be more affordable in the short term, though homeownership builds equity over time.
Home Values in Other New Hampshire Cities
Related Resources
Disclaimer: Home value data for Portsmouth, 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.