Mortgage payment estimates, closing cost breakdowns, and homebuying data for Concord, New Hampshire.
Median Home Price
$375K
Population
44K
Avg Monthly Rent
$1,520
Property Tax Rate
2.09% *
* Property tax shown is the New Hampshire state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Concord.
Concord vs New Hampshire Median
The median home price in Concord is $375,000, which is 13% below the New Hampshire state median of $430,000.
Mortgage Calculator — Concord, NH
Pre-filled with Concord median home price and New Hampshire tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $375K home using New Hampshire's 2.09% tax rate and $1,400/yr insurance.
5% Down
$3,229/mo
Down: $18,750
Loan: $356K
P&I: $2,252
Tax: $653
Insurance: $117
PMI: $208
10% Down
$3,100/mo
Down: $37,500
Loan: $338K
P&I: $2,133
Tax: $653
Insurance: $117
PMI: $197
20% Down (No PMI)
$2,666/mo
Down: $75,000
Loan: $300K
P&I: $1,896
Tax: $653
Insurance: $117
Income needed (28% rule): $114K/year with 20% down, $133K/year with 10% down.
Rent vs Buy in Concord
Rent
$1,520/mo
vs
Buy (10% down)
$3,100/mo
Price-to-rent ratio: 20.6 — At a ratio above 20, renting may be more economical in Concord for shorter stays. Buying costs $1,580 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Concord is $375,000, 13% below the New Hampshire state median of $430,000. With a population of 43,976, Concord is a smaller market where home prices tend to be more accessible than in many parts of New Hampshire.
Property taxes in New Hampshire average 2.09% annually. This higher-than-average tax rate means a $375,000 home in Concord would carry roughly $653/month in property taxes alone — plan accordingly. Homeowners insurance in New Hampshire runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Concord is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Concord presents moderate affordability. The $375K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Concord.