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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,602, 2,446 total housing units (homes and apartments), and a median house value of $1,444,940, Rye house prices are not only among the most expensive in New Hampshire, Rye 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 Rye, accounting for 80.26% of the town's housing units. Other types of housing that are prevalent in Rye include duplexes, homes converted to apartments or other small apartment buildings ( 8.20%), large apartment complexes or high rise apartments ( 4.28%), and a few mobile homes or trailers ( 3.89%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rye. Owner-occupied housing accounts for 82.74% of Rye's homes, and 64.22% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rye's housing was primarily built during this period, from the '40s through the '60s. A full 34.51% of the town's housing hails from this era. Other housing ages represented in Rye include homes built between 1970-1999 ( 32.88%) and housing constructed before 1939 ( 19.05%). There's also some housing in Rye built between 2000 and later ( 13.56%).
Vacant housing appears to be an issue in Rye. Fully 20.07% of the housing stock is classified as vacant. Left unchecked, vacant Rye homes and apartments can be a drag on the real estate market, holding Rye real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Rye has experienced some of the highest home appreciation rates of any community in the nation. Rye real estate appreciated 120.93% over the last ten years, which is an average annual home appreciation rate of 8.25%, putting Rye in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rye definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Rye that despite a nationwide downturn in the housing market, Rye real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rye appreciation rates continue to be some of the highest in America, at 15.52%, which is higher than appreciation rates in 97.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rye. Rye appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.87%.
Relative to New Hampshire, our data show that Rye's latest annual appreciation rate is higher than 90% of the other cities and towns in New Hampshire.
$1,444,940
$2,749 / per month