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Hillsborough County, NH

RANK #494 / 996  ·  POP 422,733  ·  NH

PROJECTED GROWTH: +0.7%

Hillsborough County sits in the middle of the pack — stable but not accelerating.

[01] Why Hillsborough County?

Hillsborough County, New Hampshire, is defined by its blend of urban centers and natural landscapes, with its two county seats, Manchester and Nashua, serving as the state's largest cities. Located in south-central New Hampshire, bordering Massachusetts, the county offers a commute to Boston that typically takes around 1 hour and 24 minutes by car. Residents have access to extensive outdoor recreation, including hiking trails at Mount Monadnock State Park, one of the most climbed mountains globally, and Miller State Park. The county's geography features a hilly upland region with rivers and numerous small lakes.

Life in Hillsborough County balances suburban and rural living, attracting families and commuters. The public school systems in towns like Bedford and Amherst are considered above average. While many residents drive alone to work, carpooling and bus services are available. The economy, historically rooted in manufacturing and healthcare, is working to diversify. Efforts are underway to attract new businesses and industries through incentives and infrastructure investment, aiming to broaden job opportunities beyond traditional sectors.

[02] Market Snapshot

Housing Ratio
4.9x

Above national median (4.7x)

GDP Growth
+0.5%

Well below national median

Home Prices
+2.6%

Outpacing national median

Climate & Terrain
0.1

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 4.9x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hillsborough County U.S. National

The Numbers

DEMOGRAPHICS
Population
422,733
+0.53% YoY
Median Household Income
$95,112
Median Home Value
$356,200
+2.6% 12mo
Median Rent
$1,444
Average Annual Pay
$79,660
+3.3% YoY
Employment
201,342
-0.3% YoY
Income-to-Home-Value
0.267
More affordable than average
Migration Inflow
1.76%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$500,000
Days on Market
34
Active market
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
101.1%
Homes selling above asking
Sold Above List
51.4%
Listings w/ Price Drops
12.7%
Building Permits (2024)
872
Single-Family Permits
427

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

[06] Score Breakdown

GDP Growth +0.5% 11 percentile
Population Growth +0.5% 54 percentile
Income Growth +9.4% 71 percentile
Vacancy Rate 0.5% 94 percentile
Home Price Change +2.6% 66 percentile
Rent Growth +3.5% 59 percentile
Price/Rent 14x 43 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Hillsborough County has a Boom Town Index score of 50/100, ranking #494 among 996 U.S. counties. With job growth at -0.3% and a median household income of $95,112, it's an above-average county on economic indicators.

Is Hillsborough County affordable?

The median home value in Hillsborough County is $356,200 with median rent at $1,444/month. The income-to-home-value ratio is 0.267, which is more affordable than the national average.

Is Hillsborough County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: -0.3%. Home values changed +2.6% in the past 12 months.

[08] Similar Metros

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