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Grafton County, NH

RANK #230 / 996  ·  POP 90,836  ·  NH

PROJECTED GROWTH: +1.9%

Grafton County combines solid growth with real affordability — a rare combination.

[01] Why Grafton County?

Grafton County, New Hampshire, stands out for its mountainous terrain, encompassing a significant portion of the White Mountain National Forest. Dartmouth College in Hanover is a notable institution within the county. Located in western New Hampshire, bordering Vermont, the county is characterized by dense forests, rolling hills, and pristine lakes. Commuting primarily involves driving, with an average travel time of about 39 minutes. The community offers a blend of small-town living and access to extensive outdoor recreation, including hiking trails, ski slopes, and various water activities on lakes like Newfound Lake and Grafton Pond. Franconia Notch State Park is a key outdoor amenity, featuring gorges and mountain passes.

Life in Grafton County offers a balance of tranquility and community. The public schools are above average, with Hanover High School, Lafayette Regional School, and Bernice A. Ray School among the top-ranked. The economy, while historically impacted by declines in natural resource and manufacturing jobs, has seen recent investment in sectors like substance abuse treatment facilities and trail infrastructure, often in collaboration with institutions like Dartmouth College. Housing costs have been a concern, with median home prices increasing in the past year. Residents often express a strong sense of community and optimism about the quality of life.

[02] Market Snapshot

Housing Ratio
3.1x

Undervalued relative to economy

GDP Growth
+1.1%

Well below national median

Home Prices
+3.1%

Outpacing national median

Climate & Terrain
0.3

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 3.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Grafton County U.S. National

The Numbers

DEMOGRAPHICS
Population
90,836
-0.21% YoY
Median Household Income
$79,949
Median Home Value
$273,100
+3.07% 12mo
Median Rent
$1,197
Average Annual Pay
$73,105
+1.2% YoY
Employment
54,323
+1.4% YoY
Income-to-Home-Value
0.2927
More affordable than average
Migration Inflow
2.25%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$402,500
Days on Market
93
Slower market
Months of Supply
5.8
Buyer's market
Sale-to-List Ratio
96.3%
Negotiation room for buyers
Sold Above List
17.7%
Listings w/ Price Drops
7.8%
Building Permits (2024)
472
Single-Family Permits
309

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

[05] Capital Investment

$220M
TOTAL
PROJECT AMOUNT STATUS
Groton Wind Farm
Avangrid (formerly Iberdrola Renovables)
$120M Operating
Grafton County Middle Mile Project
Grafton County
$50M Under Construction
Grafton County Proposed Courthouse Project
Grafton County
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.1% 19 percentile
Population Growth -0.2% 20 percentile
Income Growth +8.4% 47 percentile
Vacancy Rate 0.9% 63 percentile
Home Price Change +3.1% 72 percentile
Rent Growth +4.0% 66 percentile
Price/Rent 10x 93 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Grafton County has a Boom Town Index score of 77/100, ranking #230 among 996 U.S. counties. With job growth at +1.4% and a median household income of $79,949, it's an above-average county on economic indicators.

Is Grafton County affordable?

The median home value in Grafton County is $273,100 with median rent at $1,197/month. The income-to-home-value ratio is 0.2927, which is more affordable than the national average.

Is Grafton County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +1.4%. Home values changed +3.1% in the past 12 months.

Are people moving to Grafton County?

Yes — 2.25% of Grafton County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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