2026 data · 1.86% property tax · Median home $343,200
New Hampshire Mortgage Calculator
A median-priced home in New Hampshire ($343,200) costs roughly $2,473 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. New Hampshire's effective property tax rate is 1.86% — well above the US average of about 1.0%.
New Hampshire median-home monthly payment
$2,473/mo
P&I $1,827 · Tax $532 · Insurance $114
@ $343,200 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in New Hampshire
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $310 | $67 | $1,441 |
| $300,000 | $60,000 | $1,597 | $465 | $100 | $2,162 |
| $343,200 (state median) | $68,640 | $1,827 | $532 | $114 | $2,473 |
| $400,000 | $80,000 | $2,129 | $620 | $133 | $2,882 |
| $500,000 | $100,000 | $2,661 | $775 | $167 | $3,603 |
| $750,000 | $150,000 | $3,992 | $1,162 | $250 | $5,404 |
Calculations use New Hampshire's 1.86% effective property tax rate, estimated homeowners insurance at 0.40%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
New Hampshire property tax
Effective rate
1.86%
Median home value
$343,200
Median property tax
$6,372/yr
New Hampshire has very high property tax rates (1.86%) but no state income or sales tax. Local property tax funds most local government. Elderly exemption available in most towns.
See our property tax calculator for a state-by-state property tax breakdown, and our New Hampshire paycheck calculator to estimate take-home pay against this monthly housing cost.
New Hampshire vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| New Hampshire (this page) | 1.86% | $343,200 | $6,372 | |
| Maine | 1.18% | $262,200 | $3,070 | Maine mortgage → |
| Massachusetts | 1.12% | $498,700 | $5,618 | Massachusetts mortgage → |
| Vermont | 1.83% | $285,800 | $5,230 | Vermont mortgage → |
FAQs about New Hampshire mortgages
What is the property tax rate in New Hampshire?
New Hampshire's effective property tax rate is 1.86%, meaning the average homeowner pays roughly 1.86% of their home's value in property tax annually. On a $343,200 home (the state median), that's about $6,372 per year, or $531 per month added to your mortgage payment.
What is the average monthly mortgage payment in New Hampshire?
For a home at New Hampshire's median value of $343,200, assuming 20% down, a 30-year fixed mortgage at 7.0%, and New Hampshire's 1.86% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,473. This includes $1,827 principal & interest, $532 property tax, and $114 homeowners insurance.
How much income do I need to buy a house in New Hampshire?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $105,986 to comfortably afford New Hampshire's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $69,014 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is New Hampshire a good state to buy a house?
New Hampshire's combination of 1.86% property tax (well above the national average of ~1.0%) and median home value of $343,200 place it in the mid-range of state housing markets nationally. New Hampshire has very high property tax rates (1.86%) but no state income or sales tax.
How does New Hampshire property tax compare to neighboring states?
New Hampshire's 1.86% rate compares to: Maine at 1.18%, Massachusetts at 1.12%, Vermont at 1.83%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does New Hampshire have a homestead exemption?
New Hampshire offers various property tax relief programs. New Hampshire has very high property tax rates (1.86%) but no state income or sales tax. Local property tax funds most local government. Elderly exemption available in most towns. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your New Hampshire mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,827, Property Tax $532, Homeowners Insurance $114. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.