Home Values in Rochester, New Hampshire — 2026 Market Report
Updated March 2026 | Balanced Market | +2.1% YoY
The median home value in Rochester, New Hampshire is $345,000 as of March 2026, which is below the national median of $400,000. Home values in Rochester have increased by 2.1% over the past year and 11% over the last five years. With a population of 31,366 and a median household income of $62,250, the price-to-income ratio stands at 5.5x, making Rochester affordable for the average household.
Rochester Housing Market Conditions
| Metric | Rochester | National Avg |
|---|---|---|
| Median Home Value | $345,000 | $400,000 |
| YoY Appreciation | +2.1% | +3.8% |
| 5-Year Appreciation | +11% | +22.4% |
| Price per Sq Ft | $127 | $222 |
| Days on Market | 37 days | 45 days |
| Months of Supply | 4.7 | 3.5 |
| List-to-Sale Ratio | 98.3% | 98.5% |
| Monthly Homes Sold | 22 | — |
| Foreclosure Rate | 0.66% | 0.3% |
Home Value Trends in Rochester
A homeowner who purchased at the median price of $310,811 five years ago in Rochester would have gained approximately $34,189 in equity, representing a 11% return on investment. Over the past year alone, the typical homeowner gained $7,096 in home equity.
Affordability in Rochester, NH
With a median household income of $62,250 and a median home price of $345,000, the price-to-income ratio in Rochester is 5.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,772 compared to estimated monthly ownership costs of $2,240 gives a rent-vs-buy ratio of 1.26. In Rochester, renting may be more cost-effective in the short term, though homeownership builds long-term wealth.
Property Taxes in Rochester
The effective property tax rate in New Hampshire is 2.09%. On a home valued at $345,000, the estimated annual property tax bill is $7,211, or approximately $601/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Rochester is 105.5 (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 Rochester, NH?
The median home value in Rochester, New Hampshire is $345,000 as of March 2026. Home values have changed +2.1% over the past year, with a 5-year appreciation of 11%.
Is Rochester a buyer's or seller's market?
Rochester is currently a balanced market with 4.7 months of housing supply. Homes spend an average of 37 days on market, and the list-to-sale price ratio is 98.3%. Supply and demand are relatively balanced.
Are home values going up in Rochester?
Yes, home values in Rochester have increased by 2.1% over the past year. The 5-year appreciation rate is 11%, meaning a home worth $310,811 five years ago is now worth $345,000.
Is it better to rent or buy in Rochester?
The average monthly rent in Rochester is $1,772, while estimated monthly homeownership costs are approximately $2,240. The price-to-rent ratio is 16.2. 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 Rochester, 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.