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Grafton County, NH

RANK #422 / 1001 NAT  ·  POP 92,120

1YR FORECAST: +1.7%

5YR OUTLOOK: +30%

Grafton County's housing market is projected to grow +1.7% over the next year, tracking near the national average.

[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.

MARKET PROFILE
LEANS TOWARD

Secondary Market Surge

Grafton County is one of 35 U.S. counties in this market profile — near the profile average on the BoomTown Index. Within this cohort, its recent home-price change of +2.9% runs above the profile's typical +1.4%.

See all 35 Secondary Market Surge counties →

[02] Market Snapshot

Housing Ratio
7.5x

Overvalued relative to economy

Home Prices
+2.9%

Outpacing national median

Climate & Terrain
0.3

Moderate climate & terrain

Price/Rent
13x

Below national median (15x)

Housing looks overvalued at 7.5x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Dartmouth-Hitchcock Medical Center Healthcare
    10,000+
  2. 2
    Dartmouth College Education
    2,500+
  3. 3
    Hypertherm Manufacturing
    1,000+
  4. 4
    Plymouth State University Education
  5. 5
    Grafton County Government Government
    250+
  6. 6
    Littleton Regional Healthcare Healthcare
  7. 7
    Alice Peck Day Memorial Hospital Healthcare
  8. 8
    Freudenberg-NOK Manufacturing
  9. 9
    Timken Manufacturing
  10. 10
    Waterville Valley Resort Hospitality

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

[04] Home Value Growth vs National

Grafton 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
92,120
+0.39% YoY
Median Household Income
$88,261
Median Home Value
$344,500
+2.88% 12mo
Median Rent
$1,301
Average Annual Pay
$77,804
+6.4% YoY
Employment
54,590
+0.5% YoY
Income-to-Home-Value
0.2562
More affordable than average
Migration Inflow
2.02%
of pop. from another state
Bachelor's Degree+
46.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$490,750
Days on Market
55
Moderate pace
Months of Supply
5.6
Buyer's market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
29.8%
Listings w/ Price Drops
19.2%
Building Permits (2025)
408
Single-Family Permits
277

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

[05] Crime & Safety

C+
SAFETY
GRADE
Firearm Fatalities
13.2
per 100K · nat avg 14.8
Injury Deaths
84.9
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] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
36.3
Good
Good Air Days
87%
954 of 1,095 days
Unhealthy+ Days (3yr)
1
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
36
2022
36
2023
37
Median AQI · lower is better

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

[07] 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.

[08] Score Breakdown

Population Growth +0.4% 39 percentile
Income Growth +5.0% 91 percentile
Vacancy Rate 0.7% 75 percentile
Home Price Change +2.9% 66 percentile
Rent Growth +6.0% 86 percentile
Price/Rent 13x 78 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Grafton County scores 58/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#422). Median household income is $88,261 and job growth is running at +0.5%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Grafton County affordable?

Housing in Grafton County is roughly in line with national affordability norms. The median home costs $344,500 and the income-to-home-value ratio sits at 0.26, with rents averaging $1,301/month. Not a bargain, but not a stretch for most local earners either.

Is Grafton County growing or shrinking?

Population and employment in Grafton County are both close to flat — population +0.4% YoY and jobs +0.5%. Home values shifted +2.9% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Grafton County?

There's a moderate stream of newcomers. About 2.02% of residents moved from another state, which is above average and suggests Grafton County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Cheshire County, NH 66 Carroll County, NH 73 Belknap County, NH 38 Hillsborough County, NH 34 Merrimack County, NH 32 Rockingham County, NH 21 Roanoke County, VA 58 Lancaster County, SC 58