How much house can I afford on $120,000 in New Hampshire?
About $396,000 with 20% down ($320,000 with an FHA loan), using New Hampshire's 1.43% property tax rate.
That is $115,251 less than the typical New Hampshire home ($510,937), so on $120,000 you'd look at cheaper areas or a smaller home. The payment of $2,800 covers $2,129 principal and interest, $473 property tax and $198 insurance.
Counties in New Hampshire you can afford on $120,000
3 of 10 counties have a typical home value at or below $396,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cheshire County | $389,037 | +3.0% | 2.16% |
| Sullivan County | $384,641 | +3.9% | 2.14% |
| Coos County | $252,787 | -2.0% | 1.89% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.43% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in New Hampshire
Frequently asked questions
How much house can I afford on $120,000 in New Hampshire?
About $396,000 with 20% down at 7.11%, keeping the payment (with New Hampshire's 1.43% property tax and insurance) under $2,800 a month.
Is $120,000 enough to buy a house in New Hampshire?
Not the typical home: the typical New Hampshire home is worth $510,937 (Zillow, September 2026) and $120,000 supports about $396,000. 3 of 10 counties are within budget.