The typical owner-occupied home in Contoocook is worth about $421,300, 5% above the New Hampshire median of $402,500 and 27% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 2.37% of their home's value, higher than the New Hampshire rate of 1.66%. The median household earns $97,928 a year, so the median home costs 4.3 times the median income (4.1 times for New Hampshire). 82% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Contoocook at a glance
| Contoocook | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $421,300 | $402,500 | $332,700 |
| Median property tax paid per year | $10,001 | $6,667 | $3,119 |
| Property tax as a share of value | 2.37% | 1.66% | 0.94% |
| Median household income | $97,928 | $99,031 | $80,734 |
| Homes lived in by their owners | 82% | 73% | 65% |
| Owner homes with a mortgage | 52% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,843 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 21.9% | 21.0% |
| Median rent | $1,215 | $1,491 | $1,413 |
| Rent as a share of renters' income | 41.9% | 29.4% | 30.6% |
| Median year homes were built | 1949 | 1979 | 1980 |
| Vacant homes | 4.3% | 14.3% | 10.1% |
| Population | 1,376 | 1,394,868 | 334,922,499 |
What a typical home costs per month in Contoocook
At this week's average 30-year rate of 7.11%, buying the median Contoocook home of $421,300 with 20% down costs about $3,275 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,977, 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 $140,353 for the 20%-down payment. That payment is 40% of the median Contoocook household income of $97,928; at that income and 20% down, the 28% guideline points to a home of about $294,000.
The median rent here is $1,215 a month, so owning the median home costs about $2,060 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,260 |
|---|---|
| Loan amount | $337,040 |
| Principal and interest | $2,267 |
| Property taxes (2.37% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| PMI | $0 |
| Total per month | $3,275 |
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| Down payment | $14,746 |
|---|---|
| Loan amount | $413,669 |
| Principal and interest | $2,783 |
| Property taxes (2.37% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| FHA mortgage insurance | $186 |
| Total per month | $3,977 |
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Questions about home buying in Contoocook
What is the median home value in Contoocook?
About $421,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Contoocook?
Homeowners pay a median $10,001 a year, which is about 2.37% 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 Contoocook?
For the median home with 20% down at 7.11%, the payment is about $3,275 a month. Keeping that under 28% of gross income takes about $140,353 a year.
More about Contoocook
- Mortgage Refinance in Contoocook
- Debt Relief in Contoocook
- Home Equity Loans in Contoocook
- 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