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 9,528, 4,345 total housing units (homes and apartments), and a median house value of $650,358, Newmarket house prices are not only among the most expensive in New Hampshire, Newmarket 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 Newmarket, accounting for 41.64% of the town's housing units. Other types of housing that are prevalent in Newmarket include large apartment complexes or high rise apartments ( 36.07%), row houses and other attached homes ( 10.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.36%).
People in Newmarket primarily live in small (one, two or no bedroom) single-family detached homes. Newmarket has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Newmarket built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newmarket built between 2000 and later ( 19.24%). A lesser amount of the housing stock also hails from before 1939 ( 18.49%). There's also some housing in Newmarket built between 1940-1969 ( 11.44%).
In the last 10 years, Newmarket has experienced some of the highest home appreciation rates of any community in the nation. Newmarket real estate appreciated 124.47% over the last ten years, which is an average annual home appreciation rate of 8.42%, putting Newmarket in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newmarket 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 Newmarket that despite a nationwide downturn in the housing market, Newmarket real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newmarket appreciation rates continue to be some of the highest in America, at 10.02%, which is higher than appreciation rates in 95.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newmarket. Newmarket appreciation rates in the latest quarter were at 0.96%, which equates to an annual appreciation rate of 3.89%.
Relative to New Hampshire, our data show that Newmarket's latest annual appreciation rate is higher than 90% of the other cities and towns in New Hampshire.
$650,358
for New hampshire
for nation
4,345
$2,794 / per month