State Guides/New Hampshire
NH

New Hampshire Home Buying Guide

Northeast Region · Non-Judicial Foreclosure State

Attorney Required

Key Facts at a Glance

Median Home Price
$430,000
Property Tax Rate
2.18%
Transfer Tax
0.75%
Attorney Required
Yes
Foreclosure Type
Non-Judicial

What Makes New Hampshire Unique

No sales or income tax but very high property taxes

Attorney required at closing

Transfer tax split between buyer and seller

First-Time Buyer Programs in New Hampshire

1

NHHFA Home Flex Plus

Contact your state housing finance agency for current eligibility and rates

2

NHHFA Home Preferred

Contact your state housing finance agency for current eligibility and rates

3

NH Works Home Buyer Tax Credit

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in New Hampshire

1.5%
Avg Closing Costs
of purchase price
$6,450
Estimated Closing Costs
on median-priced home
0.75%
Transfer Tax
may be split with seller

Attorney at Closing

Attorney Required at Closing

New Hampshire requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.

Local Tips for New Hampshire Buyers

1

No income or sales tax is attractive but property tax is a trade-off.

2

NH has the 3rd highest property tax rate in US.

3

NHHFA Home Flex offers below-market rates and DPA up to $10K.

Estimated Annual Ownership Cost in New Hampshire

Based on the median home price of $430,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$30,883
Annual Property Taxes$9,374
Homeowners Insurance (est.)$2,150
Maintenance (est. 1%/yr)$4,300

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in New Hampshire.