The typical owner-occupied home in Somersworth is worth about $318,400, 21% below the New Hampshire median of $402,500 and 4% below the national median of $332,700. Owners pay a median $6,805 a year in property taxes, about 2.14% of their home's value, higher than the New Hampshire rate of 1.66%. The median household earns $74,504 a year, so the median home costs 4.3 times the median income (4.1 times for New Hampshire). 58% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Somersworth at a glance
| Somersworth | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $318,400 | $402,500 | $332,700 |
| Median property tax paid per year | $6,805 | $6,667 | $3,119 |
| Property tax as a share of value | 2.14% | 1.66% | 0.94% |
| Median household income | $74,504 | $99,031 | $80,734 |
| Homes lived in by their owners | 58% | 73% | 65% |
| Owner homes with a mortgage | 64% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,353 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 21.9% | 21.0% |
| Median rent | $1,477 | $1,491 | $1,413 |
| Rent as a share of renters' income | 34.4% | 29.4% | 30.6% |
| Median year homes were built | 1967 | 1979 | 1980 |
| Vacant homes | 7.9% | 14.3% | 10.1% |
| Population | 12,111 | 1,394,868 | 334,922,499 |
What a typical home costs per month in Somersworth
At this week's average 30-year rate of 7.11%, buying the median Somersworth home of $318,400 with 20% down costs about $2,414 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,944, 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 $103,457 for the 20%-down payment. That payment is 39% of the median Somersworth household income of $74,504; at that income and 20% down, the 28% guideline points to a home of about $229,000.
The median rent here is $1,477 a month, so owning the median home costs about $937 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,680 |
|---|---|
| Loan amount | $254,720 |
| Principal and interest | $1,714 |
| Property taxes (2.14% a year) | $568 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| PMI | $0 |
| Total per month | $2,414 |
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| Down payment | $11,144 |
|---|---|
| Loan amount | $312,633 |
| Principal and interest | $2,103 |
| Property taxes (2.14% a year) | $568 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| FHA mortgage insurance | $141 |
| Total per month | $2,944 |
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Questions about home buying in Somersworth
What is the median home value in Somersworth?
About $318,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Somersworth?
Homeowners pay a median $6,805 a year, which is about 2.14% 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 Somersworth?
For the median home with 20% down at 7.11%, the payment is about $2,414 a month. Keeping that under 28% of gross income takes about $103,457 a year.
More about Somersworth
- Mortgage Refinance in Somersworth
- Debt Relief in Somersworth
- Home Equity Loans in Somersworth
- 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