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Cheshire County, NH

RANK #335 / 1001 NAT  ·  POP 77,297

1YR FORECAST: +2.1%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for Cheshire County at +2.1% over the next year.

[01] Why Cheshire County?

Mount Monadnock, one of the most frequently climbed mountains globally, rises prominently in Cheshire County, New Hampshire, offering expansive views and extensive hiking trails. Located in the state's southwestern corner, Cheshire County is about 62 miles northwest of Boston. The county seat, Keene, is known for its historic downtown, classic New England architecture, and walkable streets. Commuting within the county is primarily by car, with an average commute time of 23.7 minutes, though Keene offers a local bus service. The region maintains a rural character with significant forested areas, lakes, and rivers like the Ashuelot and Connecticut, providing abundant outdoor recreation opportunities including hiking, biking, and water activities.

Life in Cheshire County blends small-city amenities with access to nature. The community has a mix of families, young professionals, and retirees, with most residents owning their homes. Educational institutions include Keene State College, Franklin Pierce University, and Antioch University-New England. The economy is driven by sectors such as healthcare, manufacturing, and retail trade. Recent economic developments show a significant increase in housing prices, with median single-family home prices climbing by 79.5 percent between 2019 and 2025. The county has also seen a slight population increase since 2020, partly due to individuals seeking more space and affordable housing.

MARKET PROFILE

Idiosyncratic Markets

Cheshire County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +4.1% YoY, population +0.5%, wages +3.8%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
11.4x

Overvalued relative to economy

Home Prices
+4.1%

Outpacing national median

Climate & Terrain
0.3

Moderate climate & terrain

Price/Rent
13x

Below national median (15x)

Housing looks overvalued at 11.4x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    MilliporeSigma Manufacturing
    1,000+
  2. 2
    C & S Wholesale Grocers Inc. Logistics
  3. 3
    Markem-Imaje USA Manufacturing
    500+
  4. 4
    Cheshire Medical Center Healthcare
  5. 5
    Timken Aerospace Manufacturing
  6. 6
    UNFI Distribution Ctr Logistics
  7. 7
    VNA AT HCS INC Healthcare
    250+
  8. 8
    TFX Medical Manufacturing
  9. 9
    Barton Associates Healthcare
  10. 10
    Walmart Retail

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

[04] Home Value Growth vs National

Cheshire 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
77,297
+0.46% YoY
Median Household Income
$83,329
Median Home Value
$280,100
+4.06% 12mo
Median Rent
$1,276
Average Annual Pay
$61,620
+3.8% YoY
Employment
30,739
-1.3% YoY
Income-to-Home-Value
0.2975
More affordable than average
Migration Inflow
1.44%
of pop. from another state
Bachelor's Degree+
35.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$390,875
Days on Market
45
Moderate pace
Months of Supply
3.7
Balanced market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
41.1%
Listings w/ Price Drops
23.8%
Building Permits (2025)
167
Single-Family Permits
147

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

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.4
per 100K · nat avg 6.3
Firearm Fatalities
14.9
per 100K · nat avg 14.8
Injury Deaths
87.4
per 100K · nat avg 76.3
vs National Average
Well below national avg
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] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
39.3
Good
Good Air Days
75%
820 of 1,092 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
40
2022
37
2023
41
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

Population Growth +0.5% 42 percentile
Income Growth +2.9% 53 percentile
Vacancy Rate 0.5% 93 percentile
Home Price Change +4.1% 77 percentile
Rent Growth +7.1% 92 percentile
Price/Rent 13x 76 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 66/100, Cheshire County sits in the upper half of all 1001 ranked counties. and median household income stands at $83,329 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NH.

Is Cheshire County affordable?

Housing in Cheshire County is roughly in line with national affordability norms. The median home costs $280,100 and the income-to-home-value ratio sits at 0.30, with rents averaging $1,276/month. Not a bargain, but not a stretch for most local earners either.

Is Cheshire County growing or shrinking?

Cheshire County's job market is contracting (-1.3% YoY) while population is roughly stable (+0.5% change). Home values are +4.1% over the past 12 months. Hiring headwinds without an offsetting exodus — residents are staying, but local employers are shedding payroll.

Are many people relocating to Cheshire County?

Not particularly — 1.44% of Cheshire County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[09] Similar Counties by Size & Score

Carroll County, NH 73 Grafton County, NH 58 Belknap County, NH 38 Hillsborough County, NH 34 Merrimack County, NH 32 Rockingham County, NH 21 Grand Forks County, ND 66 Orangeburg County, SC 66