Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 11,898 people, 4,481 houses or apartments, and a median cost of homes of $637,521, Amherst house prices are not only among the most expensive in New Hampshire, Amherst real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Amherst, accounting for 88.32% of the town's housing units. Other types of housing that are prevalent in Amherst include row houses and other attached homes ( 4.57%), duplexes, homes converted to apartments or other small apartment buildings ( 3.97%), and a few large apartment complexes or high rise apartments ( 2.92%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Amherst. Owner-occupied housing accounts for 90.76% of Amherst's homes, and 69.68% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Amherst built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Amherst built between 1940-1969 ( 20.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.12%). There's also some housing in Amherst built before 1939 ( 10.41%).
Appreciation rates for homes in Amherst have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.31%, which ranks in the top 40% nationwide. This equates to an annual average Amherst house appreciation rate of 7.25%.
NeighborhoodScout's data show that during the latest twelve months, Amherst's appreciation rate, at 5.55%, has been at or slightly above the national average. In the latest quarter, Amherst's appreciation rate has been 4.33%, which annualizes to a rate of 18.47%.
Importantly, this makes Amherst one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New Hampshire, our data show that Amherst's latest annual appreciation rate is lower than 70% of the other cities and towns in New Hampshire.
$637,521
$2,330 / per month