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Cheshire County, NH

Keene

RANK #466 / 996 NAT  ·  POP 76,610

1YR FORECAST: +2.5%

5YR OUTLOOK: +24%

Cheshire County's housing market is projected to grow +2.5% over the next year, tracking near the national average.

[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.

[02] Market Snapshot

Housing Ratio
4.5x

Below national median (4.7x)

GDP Growth
+1.7%

Below national median

Home Prices
+3.9%

Outpacing national median

Climate & Terrain
0.3

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing is fairly valued at 4.5x 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

The Numbers

DEMOGRAPHICS
Population
76,610
+0.18% YoY
Median Household Income
$76,551
Median Home Value
$238,800
+3.92% 12mo
Median Rent
$1,139
Average Annual Pay
$59,392
+3.6% YoY
Employment
31,134
-1.0% YoY
Income-to-Home-Value
0.3206
More affordable than average
Migration Inflow
1.55%
of pop. from another state
Bachelor's Degree+
34.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$350,000
Days on Market
79
Slower market
Months of Supply
3.1
Balanced market
Sale-to-List Ratio
96.1%
Negotiation room for buyers
Sold Above List
7.3%
Listings w/ Price Drops
9.4%
Building Permits (2024)
172
Single-Family Permits
156

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

GDP Growth +1.7% 29 percentile
Population Growth +0.2% 38 percentile
Income Growth +10.4% 84 percentile
Vacancy Rate 0.5% 96 percentile
Home Price Change +3.9% 82 percentile
Rent Growth +5.8% 86 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

Cheshire County scores 53/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#466). Median household income is $76,551 and job growth is running at -1.0%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Cheshire County affordable?

Housing in Cheshire County is roughly in line with national affordability norms. The median home costs $238,800 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,139/month. Not a bargain, but not a stretch for most local earners either.

Is Cheshire County growing or shrinking?

Population and employment in Cheshire County are both close to flat — population +0.2% YoY and jobs -1.0%. Home values shifted +3.9% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are many people relocating to Cheshire County?

Not particularly — 1.55% 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 56 Belknap County, NH 64 Hillsborough County, NH 42 Merrimack County, NH 36 Grafton County, NH 36 Strafford County, NH 19 Wood County, WV 53 Belmont County, OH 53