The typical owner-occupied home in Amherst is worth about $544,600, 35% above the New Hampshire median of $402,500 and 64% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.84% of their home's value, higher than the New Hampshire rate of 1.66%. The median household earns $154,286 a year, so the median home costs 3.5 times the median income (4.1 times for New Hampshire). 93% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Amherst at a glance
| Amherst | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $544,600 | $402,500 | $332,700 |
| Median property tax paid per year | $10,001 | $6,667 | $3,119 |
| Property tax as a share of value | 1.84% | 1.66% | 0.94% |
| Median household income | $154,286 | $99,031 | $80,734 |
| Homes lived in by their owners | 93% | 73% | 65% |
| Owner homes with a mortgage | 73% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,500 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 17.6% | 21.9% | 21.0% |
| Median rent | – | $1,491 | $1,413 |
| Rent as a share of renters' income | 18.0% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1979 | 1980 |
| Vacant homes | 0.0% | 14.3% | 10.1% |
| Population | 726 | 1,394,868 | 334,922,499 |
What a typical home costs per month in Amherst
At this week's average 30-year rate of 7.11%, buying the median Amherst home of $544,600 with 20% down costs about $3,993 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,900, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $171,121 for the 20%-down payment. That payment is 31% of the median Amherst household income of $154,286; at that income and 20% down, the 28% guideline points to a home of about $491,000.
| Down payment | $108,920 |
|---|---|
| Loan amount | $435,680 |
| Principal and interest | $2,931 |
| Property taxes (1.84% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $227 |
| PMI | $0 |
| Total per month | $3,993 |
Change the numbers in the calculator
| Down payment | $19,061 |
|---|---|
| Loan amount | $534,736 |
| Principal and interest | $3,597 |
| Property taxes (1.84% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $227 |
| FHA mortgage insurance | $241 |
| Total per month | $4,900 |
Change the numbers in the calculator
Questions about home buying in Amherst
What is the median home value in Amherst?
About $544,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Amherst?
Homeowners pay a median $10,001 a year, which is about 1.84% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Amherst?
For the median home with 20% down at 7.11%, the payment is about $3,993 a month. Keeping that under 28% of gross income takes about $171,121 a year.
More about Amherst
- Mortgage Refinance in Amherst
- Debt Relief in Amherst
- Home Equity Loans in Amherst
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data