The 03743 zip code in Claremont tops our ranking of the most affordable places to live in New Hampshire.
We looked at 36 zip codes in the state, evaluating home values, rental costs, energy rates, property taxes, and five other affordability indicators. We used the data we gathered to calculate our proprietary Affordability Score for each zip code.
Top 10 most affordable places to live in New Hampshire
| Rank | City | Affordability Score | Median home value | Rental costs |
|---|---|---|---|---|
| 1 | Claremont 🥇 | 100 | $243,120 | $1,585 |
| 2 | Nashua🥈 | 98.7 | $432,958 | $2,002 |
| 3 | Keene 🥉 | 92.5 | $319,812 | $1,691 |
| 4 | Hudson | 89.1 | $497,008 | $2,110 |
| 5 | Lebanon | 86.8 | $419,746 | $2,081 |
| 6 | Somersworth | 86.6 | $405,060 | $1,704 |
| 7 | Rochester | 86.5 | $365,085 | $1,894 |
| 8 | Londonderry | 85.2 | $563,314 | $2,110 |
| 9 | Raymond | 82.7 | $453,164 | $2,110 |
| 10 | Goffstown | 82.4 | $473,230 | $2,110 |
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1. Claremont
Here's why the 03743 zip code in Claremont is New Hampshire's most affordable place to live.
🔎 Key data about Claremont
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 100 | No. 1 | N/A |
| Median home value | $243,120[1] | No. 1 | -$246,446.04 |
| Home affordability ratio | 4.5 | No. 8 | -0.6 |
| Home value five-year change | 94.2%[2] | No. 36 | 28.2% |
| Home value one-year forecast | 0.2%[3] | No. 13 | 0.0% |
| Rental costs | $1,585[4] | No. 1 | -$525 |
| Rent affordability ratio | 2.94% | No. 35 | 0.7% |
| Median household income | $53,957[5] | No. 36 | -$41,318 |
| Property taxes | $5,742[6] | No. 6 | -$1,079 |
| Energy costs | $0.19 kWh[7] | No. 9 | $0.00 |
Claremont's 03743 zip code is the cheapest place to live in New Hampshire, leading the 36 markets we evaluated.
The median home value is $243,120, making it the 1st-cheapest housing market in the state. Forecasts project a 0.2% change in home values in the next year. Rent in the zip code averages $1,585 per month, which is the 35th cheapest amount in New Hampshire.
The median property tax for homeowners in Claremont is $5,742 per household, the No. 6 ranked market in New Hampshire.
Residents pay $0.19 per kWh of electricity, which ranks No. 9 among New Hampshire markets.
2. Nashua
The 03063 zip code is the 2nd-cheapest place to live in New Hampshire.
🔎 Key data about Nashua
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 98.7 | No. 2 | N/A |
| Median home value | $432,958[8] | No. 14 | -$56,608.10 |
| Home affordability ratio | 4.2 | No. 4 | -1.0 |
| Home value five-year change | 63.0%[9] | No. 9 | -3.0% |
| Home value one-year forecast | 1.0%[10] | No. 16 | 0.8% |
| Rental costs | $2,002[11] | No. 9 | -$108 |
| Rent affordability ratio | 1.93% | No. 2 | -0.3% |
| Median household income | $103,466[12] | No. 11 | $8,191 |
| Property taxes | $6,107[13] | No. 10 | -$714 |
| Energy costs | $0.19 kWh[14] | No. 9 | $0.00 |
Nashua's 03063 zip code has a median home value of $432,958, which is the 16th-cheapest housing market in New Hampshire. You can rent for an average of $2,002 per month. That's the 9th-cheapest price in the state.
The average household income in the zip code is $103,466, which ranks 11th-highest in the state.
Homeowners in Nashua pay a median property tax of $6,107 per year, making it the 10th-most affordable market in New Hampshire.
Nashua ranks No. 9 among New Hampshire energy markets. You'll pay $0.19 per kWh of electricity.
3. Keene
The 3rd-cheapest place to live in New Hampshire is Keene's 03431 zip code.
🔎 Key data about Keene
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 92.5 | No. 3 | N/A |
| Median home value | $319,812[15] | No. 2 | -$169,753.80 |
| Home affordability ratio | 4.6 | No. 11 | -0.6 |
| Home value five-year change | 73.5%[16] | No. 32 | 7.5% |
| Home value one-year forecast | 2.5%[17] | No. 36 | 2.3% |
| Rental costs | $1,691[18] | No. 2 | -$419 |
| Rent affordability ratio | 2.42% | No. 27 | 0.2% |
| Median household income | $69,848[19] | No. 31 | -$25,427 |
| Property taxes | $6,499[20] | No. 16 | -$322 |
| Energy costs | $0.19 kWh[21] | No. 9 | $0.00 |
The No. 2 cheapest housing in New Hampshire is Keene's 03431 zip code, with a median home value of $319,812. Rents in the market average $1,691 per month, making it the 2nd-most affordable rental market in the state.
The median property tax for households in Keene is $6,499, which makes it the 16th-cheapest place in New Hampshire. Keene ranks No. 9 among New Hampshire markets by energy costs. Residents pay $0.19 per kWh of electricity.
4. Hudson
The 03051 zip code in Hudson comes in at No. 4 on our list of the cheapest places to live in New Hampshire.
🔎 Key data about Hudson
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 89.1 | No. 4 | N/A |
| Median home value | $497,008[22] | No. 23 | $7,441.49 |
| Home affordability ratio | 4.0 | No. 1 | -1.2 |
| Home value five-year change | 61.0%[23] | No. 5 | -5.0% |
| Home value one-year forecast | 1.0%[24] | No. 16 | 0.8% |
| Rental costs | $2,110[25] | No. 15 | $0 |
| Rent affordability ratio | 2.21% | No. 8 | 0.0% |
| Median household income | $125,216[26] | No. 6 | $29,941 |
| Property taxes | $6,405[27] | No. 13 | -$416 |
| Energy costs | $0.19 kWh[28] | No. 9 | $0.00 |
The No. 23 cheapest housing market in New Hampshire is Hudson's 03051 zip code, where the median home value is $497,008. Renters here pay an average of $2,110 per month.
When it comes to energy costs, Hudson ranks 9th among New Hampshire markets. Residents pay $0.19 per kWh of electricity.
The median property tax for households in the zip code is $6,405, which makes it the 13th-cheapest market in New Hampshire.
5. Lebanon
The 03766 zip code in Lebanon ranks No. 5 among New Hampshire's most affordable places to live.
🔎 Key data about Lebanon
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 86.8 | No. 5 | N/A |
| Median home value | $419,746[29] | No. 10 | -$69,820.71 |
| Home affordability ratio | 4.4 | No. 7 | -0.8 |
| Home value five-year change | 66.1%[30] | No. 18 | 0.1% |
| Home value one-year forecast | 0.2%[31] | No. 13 | 0.0% |
| Rental costs | $2,081[32] | No. 13 | -$29 |
| Rent affordability ratio | 2.17% | No. 5 | 0.0% |
| Median household income | $95,938[33] | No. 17 | $663 |
| Property taxes | $8,361[34] | No. 30 | $1,540 |
| Energy costs | $0.19 kWh[35] | No. 8 | $0.00 |
Lebanon's 03766 zip code has a median home value of $419,746, the 10th-cheapest market in the state. Forecasts project a 0.2% change in home values in the next year.
The median property tax per household in Lebanon is $8,361. It's the 30th-cheapest market by tax rate in New Hampshire.
6. Somersworth
The No. 6 most affordable place to live in New Hampshire is the 03878 zip code.
🔎 Key data about Somersworth
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 86.6 | No. 6 | N/A |
| Median home value | $405,060[36] | No. 7 | -$84,506.18 |
| Home affordability ratio | 5.3 | No. 21 | 0.2 |
| Home value five-year change | 72.2%[37] | No. 30 | 6.2% |
| Home value one-year forecast | -1.6%[38] | No. 3 | -1.8% |
| Rental costs | $1,704[39] | No. 3 | -$406 |
| Rent affordability ratio | 2.25% | No. 23 | 0.0% |
| Median household income | $75,833[40] | No. 29 | -$19,442 |
| Property taxes | $6,410[41] | No. 14 | -$411 |
| Energy costs | $0.19 kWh[42] | No. 9 | $0.00 |
The back half of our top 10 kicks off with Somersworth's 03878 zip code, which has the 7th-cheapest home values in New Hampshire. The median home value is $405,060. Rents average $1,704 per month, making it the 3rd-most affordable rental market in the state.
Residents pay $0.19 per kWh of electricity. It's the 9th-cheapest energy market.
7. Rochester
Rochester's 03867 zip code is the 7th-cheapest place to live in New Hampshire.
🔎 Key data about Rochester
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 86.5 | No. 7 | N/A |
| Median home value | $365,085[43] | No. 3 | -$124,481.11 |
| Home affordability ratio | 4.9 | No. 17 | -0.2 |
| Home value five-year change | 74.2%[44] | No. 33 | 8.2% |
| Home value one-year forecast | -1.7%[45] | No. 1 | -1.9% |
| Rental costs | $1,894[46] | No. 6 | -$216 |
| Rent affordability ratio | 2.55% | No. 30 | 0.3% |
| Median household income | $74,194[47] | No. 30 | -$21,081 |
| Property taxes | $5,111[48] | No. 2 | -$1,710 |
| Energy costs | $0.19 kWh[49] | No. 9 | $0.00 |
You'll find the 3rd-cheapest home values in New Hampshire in Rochester's 03867 zip code. The median value: $365,085. Renters in Rochester pay an average of $1,894 per month.
Homeowners in Rochester pay a median property tax of $5,111 per year, which is New Hampshire's 2nd-most affordable market.
The average household income is $74,194, which ranks 30th-highest in the state.
8. Londonderry
The 8th-cheapest place to live in New Hampshire is Londonderry's 03053 zip code.
🔎 Key data about Londonderry
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 85.2 | No. 8 | N/A |
| Median home value | $563,314[50] | No. 26 | $73,747.65 |
| Home affordability ratio | 4.3 | No. 6 | -0.8 |
| Home value five-year change | 63.9%[51] | No. 10 | -2.1% |
| Home value one-year forecast | -1.6%[52] | No. 3 | -1.8% |
| Rental costs | $2,110[53] | No. 15 | $0 |
| Rent affordability ratio | 2.21% | No. 8 | 0.0% |
| Median household income | $129,571[54] | No. 5 | $34,296 |
| Property taxes | $7,576[55] | No. 26 | $755 |
| Energy costs | $0.19 kWh[56] | No. 9 | $0.00 |
The 26th-cheapest housing market in New Hampshire is Londonderry's 03053 zip code, with a median home value of $563,314. Renters pay an average of $2,110 per month, the No. 15 rental market in the state.
The median property tax for households in Londonderry is $7,576, which makes it the 26th-cheapest place in New Hampshire. The average household income of $129,571 ranks 5th.
9. Raymond
Raymond's 03077 zip code sneaks into the top ten of New Hampshire's most affordable places to live.
🔎 Key data about Raymond
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 82.7 | No. 9 | N/A |
| Median home value | $453,164[57] | No. 16 | -$36,402.40 |
| Home affordability ratio | 5.0 | No. 18 | -0.2 |
| Home value five-year change | 64.1%[58] | No. 11 | -1.8% |
| Home value one-year forecast | -1.6%[59] | No. 3 | -1.8% |
| Rental costs | $2,110[60] | No. 15 | $0 |
| Rent affordability ratio | 2.21% | No. 8 | 0.0% |
| Median household income | $91,520[61] | No. 21 | -$3,755 |
| Property taxes | $6,004[62] | No. 8 | -$817 |
| Energy costs | $0.19 kWh[63] | No. 9 | $0.00 |
The 16th-cheapest housing market in New Hampshire is Raymond's 03077 zip code, where the median home value is $453,164. Renters pay an average of $2,110 per month. It's the state's 15th-cheapest rental market.
The median property tax for households within the zip code is $6,004, which makes it the 8th-cheapest property tax rate in New Hampshire.
10. Goffstown
The final spot on our list of the most affordable places to live in New Hampshire goes to the 03045 zip code in Goffstown.
🔎 Key data about Goffstown
| Data point | Value | Rank (out of 36 markets) | Difference from median or average |
|---|---|---|---|
| Affordability Score | 82.4 | No. 10 | N/A |
| Median home value | $473,230[64] | No. 19 | -$16,336.01 |
| Home affordability ratio | 4.3 | No. 5 | -0.8 |
| Home value five-year change | 65.0%[65] | No. 15 | -1.0% |
| Home value one-year forecast | 1.0%[66] | No. 16 | 0.8% |
| Rental costs | $2,110[67] | No. 15 | $0 |
| Rent affordability ratio | 2.21% | No. 8 | 0.0% |
| Median household income | $109,452[68] | No. 9 | $14,177 |
| Property taxes | $6,644[69] | No. 20 | -$177 |
| Energy costs | $0.19 kWh[70] | No. 9 | $0.00 |
The 19th-most affordable market in New Hampshire is Goffstown's 03045 zip code. The median home value is $473,230. Rent in the market costs $2,110 per month on average, making it the 15th-most affordable rental market in New Hampshire.
The median property tax for households in Goffstown is $6,644, which is the 20th-cheapest property tax rate in the state.
Goffstown ranks No. 9 among New Hampshire markets by energy costs, with households paying $0.19 per kWh of electricity.
How we ranked the most affordable places in New Hampshire
We evaluated 36 zip codes in New Hampshire with a population over 10,000 on nine metrics. We then assigned each market an Affordability Score based on its weighted and combined rankings.
Often the zip code we identify will represent an entire city or portion of a city.
Occasionally the zip code we identify will encompass an area that includes one or more small towns. In these cases, the data we’ve gathered applies to the entire zip code, not just the single town we’re using to help identify the zip code's location.
If you’re looking to move to one of these affordable places, we recommend doing additional research to make sure the costs in the area — and the quality of life it offers — meet your specific needs.
Methodology: What is an Affordability Score?
Our proprietary Affordability Score is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the affordability of a particular zip code. It takes into account these key data points for each zip code.
- Median home value: The median home value for each zip code comes from the Zillow Home Value Index. The lower the median home value relative to the median value in New Hampshire, the higher our score on this component. We assign a weight of 23.8% to median home value.
- Home affordability ratio. The home affordability ratio is the typical median home value divided by the median household income in the zip code, which reveals the number of years of household income needed to afford a home in that zip code. A lower ratio is better because it means more households can afford a home. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 23.8% to the home affordability ratio.
- Home value five-year change: The home value five-year change is the amount that the median home value in the zip code has risen or fallen during the last five years. Our data comes from the Zillow Home Value Index. We assign a weight of 4.8% to the home value five-year change.
- Home value one-year forecast: The home value one-year forecast comes from Zillow Forecast data. It projects how much home values in the zip code are forecasted to change in the next year. We assign a weight of 4.8% to the home value one-year forecast.
- Rental costs. The rental costs are the observed rents in the zip code, sourced from the Zillow Observed Rent Index. The index includes "listed rents that fall into the 40th to 60th percentile range for all homes and apartments in a given region." We assign a weight of 11.9% to rental costs.
- Median household income: The inflation-adjusted median household income figures for the zip code comes from the U.S. Census American Community Survey. We assign a weight of 4.8% to median household income.
- Rent affordability ratio. The rent affordability ratio is the ratio of rental costs divided by median household income, which provides the percentage of household income needed to pay a typical month’s rent in the zip code. The data comes from the Zillow Observed Rent Index and the U.S. Census American Community Survey. We assign a weight of 11.9% to the rent affordability ratio.
- Property taxes: The property tax figures are the median real estate taxes paid in the zip code, sourced from the U.S. Census American Community Survey. The lower the property tax rate relative to the New Hampshire average, the higher our score on this component. We assign a weight of 7.1% to property taxes.
- Energy costs: The energy costs are the costs of a kilowatt hour (kWh) of residential electricity in the zip code, sourced from the U.S. Department of Energy. The lower the cost of electricity relative to the New Hampshire average, the higher our score on this component. We assign a weight of 7.1% to energy costs.
