Quick facts: Portsmouth, NH

Quick Facts

115.2
Cost of Living
above US average
22,713
Population
14.18
Crime Rate per 1000
below US average
$100,169
Median Income
above US average
$799,900
Median House Price
above US average
$2998.39
Average Rent
above US average
5%
Poverty Rate
below US average
2.1%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $100,169.

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Income Needed to Buy

βœ— Stretch
$251k/year
Based on $799,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $251k vs median $100,169
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Income Needed to Rent

⚠ Stretch
$129k/year
Based on $2998.39/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $129k vs median $100,169
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Portsmouth, NH

Portsmouth, New Hampshire, is a historic coastal city known for its rich maritime heritage and vibrant cultural scene. Founded in 1623, it is one of the oldest cities in the United States. Portsmouth's charming downtown area boasts cobblestone streets, unique boutiques, and a variety of dining options ranging from casual eateries to fine dining. The city is home to several landmarks, including the Strawbery Banke Museum, which showcases the area’s history through preserved houses and gardens. The historic Market Square features local shops, galleries, and outdoor performances, contributing to the city’s lively atmosphere. Portsmouth is also known for its maritime activities; the bustling waterfront offers scenic views, boat tours, and access to nearby islands. Outdoor enthusiasts can explore nearby parks like Prescott Park, which hosts seasonal events and concerts. With a thriving arts scene, numerous festivals, and a strong sense of community, Portsmouth combines the charm of a small town with the cultural richness of a larger city, making it a desirable destination for visitors and residents alike.

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