Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 6,497 people, 2,892 houses or apartments, and a median cost of homes of $425,697, Peterborough real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Peterborough, accounting for 61.18% of the town's housing units. Other types of housing that are prevalent in Peterborough include large apartment complexes or high rise apartments ( 20.32%), duplexes, homes converted to apartments or other small apartment buildings ( 11.08%), and a few row houses and other attached homes ( 7.42%).
People in Peterborough primarily live in small (one, two or no bedroom) single-family detached homes. Peterborough has a mixture of owner-occupied and renter-occupied housing.
The housing in Peterborough was primarily built before 1939 ( 30.07%), making the housing stock in Peterborough some of the oldest overall in America, although there is a range of ages of homes in Peterborough. The next most important housing age is between 1970-1999 ( 28.75%), followed by between 1940-1969 ( 21.97%). There's also some housing in Peterborough built between 2000 and later ( 19.20%).
Vacant housing appears to be an issue in Peterborough. Fully 14.82% of the housing stock is classified as vacant. Left unchecked, vacant Peterborough homes and apartments can be a drag on the real estate market, holding Peterborough real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Peterborough have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.54%, which ranks in the top 40% nationwide. This equates to an annual average Peterborough house appreciation rate of 7.04%.
Over the last year, Peterborough appreciation rates have trailed the rest of the nation. In the last twelve months, Peterborough's appreciation rate has been 7.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Peterborough were at -2.90%, which equates to an annual appreciation rate of -11.10%.
Notably, Peterborough's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New Hampshire, our data show that Peterborough's latest annual appreciation rate is lower than 80% of the other cities and towns in New Hampshire.
$425,697
for New hampshire
for nation
2,892
$2,182 / per month