Mortgage payment estimates, closing cost breakdowns, and homebuying data for Rochester, New Hampshire.
Median Home Price
$365K
Population
31K
Avg Monthly Rent
$1,480
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 Rochester.
Rochester vs New Hampshire Median
The median home price in Rochester is $365,000, which is 15% below the New Hampshire state median of $430,000.
Mortgage Calculator — Rochester, NH
Pre-filled with Rochester median home price and New Hampshire tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $365K home using New Hampshire's 2.09% tax rate and $1,400/yr insurance.
5% Down
$3,146/mo
Down: $18,250
Loan: $347K
P&I: $2,192
Tax: $636
Insurance: $117
PMI: $202
10% Down
$3,020/mo
Down: $36,500
Loan: $329K
P&I: $2,076
Tax: $636
Insurance: $117
PMI: $192
20% Down (No PMI)
$2,598/mo
Down: $73,000
Loan: $292K
P&I: $1,846
Tax: $636
Insurance: $117
Income needed (28% rule): $111K/year with 20% down, $129K/year with 10% down.
Rent vs Buy in Rochester
Rent
$1,480/mo
vs
Buy (10% down)
$3,020/mo
Price-to-rent ratio: 20.6 — At a ratio above 20, renting may be more economical in Rochester for shorter stays. Buying costs $1,540 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 Rochester is $365,000, 15% below the New Hampshire state median of $430,000. With a population of 31,366, Rochester 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 $365,000 home in Rochester would carry roughly $636/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 Rochester is $1,480/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.
Rochester presents moderate affordability. The $365K 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 Rochester.