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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Amherst, NH Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Amherst, NH Housing Market Trends

With 11,898 people, 4,481 houses or apartments, and a median cost of homes of $626,959, Amherst house prices are not only among the most expensive in New Hampshire, Amherst real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Amherst, accounting for 88.32% of the town's housing units. Other types of housing that are prevalent in Amherst include row houses and other attached homes ( 4.57%), duplexes, homes converted to apartments or other small apartment buildings ( 3.97%), and a few large apartment complexes or high rise apartments ( 2.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Amherst. Owner-occupied housing accounts for 90.76% of Amherst's homes, and 69.68% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Amherst 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 Amherst built between 1940-1969 ( 20.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.12%). There's also some housing in Amherst built before 1939 ( 10.41%).

Amherst Home Appreciation Rates

Appreciation rates for homes in Amherst have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.31%, which ranks in the top 30% nationwide. This equates to an annual average Amherst house appreciation rate of 7.35%.

Appreciation rates are so strong in Amherst that despite a nationwide downturn in the housing market, Amherst real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Amherst appreciation rates continue to be some of the highest in America, at 8.23%, which is higher than appreciation rates in 87.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Amherst. Amherst appreciation rates in the latest quarter were at 2.18%, which equates to an annual appreciation rate of 9.01%.

Importantly, this makes Amherst one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New Hampshire, our data show that Amherst's latest annual appreciation rate is lower than 60% of the other cities and towns in New Hampshire.

Average Home Values

Median Home Value

$626,959

Amherst Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,154 / per month

Homeownership Rate

Owners
Renters
90.8%
90.8%
9.2%
9.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.6%
1.6%
98.4%
98.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.1%
14.1%
54.6%
54.6%
20.9%
20.9%
10.4%
10.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
88.3%
88.3%
4.6%
4.6%
4.0%
4.0%
2.9%
2.9%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.1%
5.1%
17.1%
17.1%
28.7%
28.7%
41.0%
41.0%
8.1%
8.1%
0% 100.0%
% of Homes