Mortgage payment estimates, closing cost breakdowns, and homebuying data for Somersworth, New Hampshire.
Median Home Price
$335K
Population
12K
Avg Monthly Rent
$1,350
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 Somersworth.
Somersworth vs New Hampshire Median
The median home price in Somersworth is $335,000, which is 22% below the New Hampshire state median of $430,000.
Mortgage Calculator — Somersworth, NH
Pre-filled with Somersworth median home price and New Hampshire tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $335K home using New Hampshire's 2.09% tax rate and $1,400/yr insurance.
5% Down
$2,897/mo
Down: $16,750
Loan: $318K
P&I: $2,012
Tax: $583
Insurance: $117
PMI: $186
10% Down
$2,782/mo
Down: $33,500
Loan: $302K
P&I: $1,906
Tax: $583
Insurance: $117
PMI: $176
20% Down (No PMI)
$2,394/mo
Down: $67,000
Loan: $268K
P&I: $1,694
Tax: $583
Insurance: $117
Income needed (28% rule): $103K/year with 20% down, $119K/year with 10% down.
Rent vs Buy in Somersworth
Rent
$1,350/mo
vs
Buy (10% down)
$2,782/mo
Price-to-rent ratio: 20.7 — At a ratio above 20, renting may be more economical in Somersworth for shorter stays. Buying costs $1,432 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 Somersworth is $335,000, 22% below the New Hampshire state median of $430,000. With a population of 12,027, Somersworth 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 $335,000 home in Somersworth would carry roughly $583/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 Somersworth is $1,350/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.
Somersworth presents moderate affordability. The $335K 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 Somersworth.