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Carroll County, NH

RANK #267 / 1001 NAT  ·  POP 51,804

1YR FORECAST: +0.8%

5YR OUTLOOK: +32%

Our model projects above-average housing market growth for Carroll County at +0.8% over the next year.

[01] Why Carroll County?

Wolfeboro, known as the "Oldest Summer Resort in America," offers a glimpse into Carroll County, New Hampshire's appeal. Located in eastern New Hampshire, bordered by Lake Winnipesaukee to the southwest and the White Mountains to the northwest, the county provides a rural environment within a short drive of northern New England's urban centers. Commuting options within the county are primarily by car, though some volunteer and public transportation services exist for specific needs. The region is characterized by its natural beauty, with a quarter of the county lying within the White Mountain National Forest, and numerous lakes providing extensive outdoor recreation opportunities. Popular activities include skiing, hiking, biking, and swimming.

Life in Carroll County often attracts retirees and those seeking a connection to the outdoors. The economy is largely driven by tourism and recreation, particularly in towns like Conway and Wolfeboro. While the county has seen employment growth, many jobs are in the tourism industry. Healthcare and social assistance, along with retail trade and construction, are common employment sectors. The area has also experienced an increase in remote workers, contributing to population growth. Local schools, such as Tuftonboro Central School and Robert Frost Charter School, serve the community.

MARKET PROFILE

Idiosyncratic Markets

Carroll County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +1.1% YoY, population +1.1%, wages +3.0%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
18.9x

Overvalued relative to economy

Home Prices
+1.1%

Below national median

Climate & Terrain
0.9

Moderate climate & terrain

Price/Rent
27x

Speculative pricing

Housing looks overvalued at 18.9x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Huggins Hospital Healthcare
    500+
  2. 2
    Memorial Hospital Healthcare
    250+
  3. 3
    County of Carroll Government
  4. 4
    Cranmore Mountain Resort Hospitality
  5. 5
    Moultonborough Central School Education
  6. 6
    Camp Cody Hospitality
  7. 7
    King Pine Ski Area Hospitality
  8. 8
    Alvin J Coleman & Son Inc Manufacturing
    100+
  9. 9
    Brewster Academy Education
  10. 10
    Lowe's Home Improvement Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Carroll County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
51,804
+1.06% YoY
Median Household Income
$86,463
Median Home Value
$388,900
+1.11% 12mo
Median Rent
$1,195
Average Annual Pay
$53,218
+3.0% YoY
Employment
20,075
+1.9% YoY
Income-to-Home-Value
0.2223
Near national average
Migration Inflow
1.36%
of pop. from another state
Bachelor's Degree+
38.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$519,000
Days on Market
51
Moderate pace
Months of Supply
5.6
Buyer's market
Sale-to-List Ratio
98.4%
Near asking price
Sold Above List
25.0%
Listings w/ Price Drops
19.9%
Building Permits (2025)
505
Single-Family Permits
345

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Firearm Fatalities
12.0
per 100K · nat avg 14.8
Injury Deaths
102.6
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Score Breakdown

Population Growth +1.1% 68 percentile
Income Growth +4.2% 82 percentile
Vacancy Rate 0.5% 92 percentile
Home Price Change +1.1% 40 percentile
Price/Rent 27x 2 percentile

Bars show percentile rank among all 1001 counties.

[07] Frequently Asked Questions

Is Carroll County, NH a good place to move to?

With a Boom Town Index score of 73/100, Carroll County sits in the upper half of all 1001 ranked counties. Employment is expanding at +1.9%, and median household income stands at $86,463 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NH.

Is Carroll County affordable?

Carroll County leans toward the expensive side. A median home value of $388,900 against an income-to-home-value ratio of 0.22 means housing eats a bigger share of local earnings than the national norm. Renters face $1,195/month on average.

Is Carroll County growing or shrinking?

Carroll County is growing on multiple fronts. Population is up +1.1% year-over-year while employers added jobs at a +1.9% clip. Home values shifted +1.1% in the past year.

Are many people relocating to Carroll County?

Not particularly — 1.36% of Carroll County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[08] Similar Counties by Size & Score

Cheshire County, NH 66 Grafton County, NH 58 Belknap County, NH 38 Hillsborough County, NH 34 Merrimack County, NH 32 Rockingham County, NH 21 St. Martin Parish, LA 73 St. Joseph County, MI 73