The typical owner-occupied home in Newmarket is worth about $423,500, 5% above the New Hampshire median of $402,500 and 27% above the national median of $332,700. Owners pay a median $7,929 a year in property taxes, about 1.87% of their home's value, higher than the New Hampshire rate of 1.66%. The median household earns $87,196 a year, so the median home costs 4.9 times the median income (4.1 times for New Hampshire). 37% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Newmarket at a glance
| Newmarket | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $423,500 | $402,500 | $332,700 |
| Median property tax paid per year | $7,929 | $6,667 | $3,119 |
| Property tax as a share of value | 1.87% | 1.66% | 0.94% |
| Median household income | $87,196 | $99,031 | $80,734 |
| Homes lived in by their owners | 37% | 73% | 65% |
| Owner homes with a mortgage | 74% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,425 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 21.9% | 21.0% |
| Median rent | $1,701 | $1,491 | $1,413 |
| Rent as a share of renters' income | 29.2% | 29.4% | 30.6% |
| Median year homes were built | 1980 | 1979 | 1980 |
| Vacant homes | 4.4% | 14.3% | 10.1% |
| Population | 5,679 | 1,394,868 | 334,922,499 |
What a typical home costs per month in Newmarket
At this week's average 30-year rate of 7.11%, buying the median Newmarket home of $423,500 with 20% down costs about $3,116 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,821, 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 $133,523 for the 20%-down payment. That payment is 43% of the median Newmarket household income of $87,196; at that income and 20% down, the 28% guideline points to a home of about $277,000.
The median rent here is $1,701 a month, so owning the median home costs about $1,415 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,700 |
|---|---|
| Loan amount | $338,800 |
| Principal and interest | $2,279 |
| Property taxes (1.87% a year) | $660 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| PMI | $0 |
| Total per month | $3,116 |
Change the numbers in the calculator
| Down payment | $14,822 |
|---|---|
| Loan amount | $415,829 |
| Principal and interest | $2,797 |
| Property taxes (1.87% a year) | $660 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| FHA mortgage insurance | $187 |
| Total per month | $3,821 |
Change the numbers in the calculator
Questions about home buying in Newmarket
What is the median home value in Newmarket?
About $423,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newmarket?
Homeowners pay a median $7,929 a year, which is about 1.87% 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 Newmarket?
For the median home with 20% down at 7.11%, the payment is about $3,116 a month. Keeping that under 28% of gross income takes about $133,523 a year.
More about Newmarket
- Mortgage Refinance in Newmarket
- Debt Relief in Newmarket
- Home Equity Loans in Newmarket
- 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