CALCMONEY // HOME AFFORDABILITY // NH // NASHUA
How much house can you afford in Nashua? Based on local median home prices, current NH mortgage rates, and Nashua property tax data.
$410,000
$3,025/mo
$129,658/yr
$191,197
Monthly housing costs of $3,025 represent 45.4% of Nashua's median gross monthly income ($6,667/mo). At 45.4%, median-income buyers in Nashua are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $410,000 |
| Down Payment (20%) | $82,000 |
| Loan Amount | $328,000 |
| Monthly PI Payment | $2,171 |
| Monthly Property Tax | $683 |
| Monthly Insurance Est. | $171 |
| Total Monthly PITI | $3,025 |
| Housing Cost % of Income | 45.4% |
| Required Income (28% rule) | $129,658/yr |
| Max Affordable Home | $191,197 |
$14,350
$3,753/mo
Nashua Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $410,000 | Nashua city median |
| Down Payment (20%) | $82,000 | Conventional loan |
| Monthly PITI | $3,025 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $129,658 | Annual gross |
| Max Affordable Home | $191,197 | Based on median income |
| FHA Down (3.5%) | $14,350 | Minimum FHA |
| Housing Cost % of Income | 45.4% | Median income: $80,000/yr |
| Property Tax Rate | 2% | $8,200/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Nashua is $410,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $328,000, generating a monthly P&I payment of $2,171. Adding property taxes ($683/mo) and homeowners insurance ($171/mo) brings total monthly PITI to $3,025.
Nashua's property tax rate of 2% is near the national average, adding a standard increment to monthly housing costs. On the Nashua median home, that is $683/month, or $8,200 per year.
New Hampshire has no state income tax, improving effective take-home pay for Nashua residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Nashua's median income of $80,000/year can afford up to $1,867/month in total housing costs. Based on Nashua's mortgage rate of 6.95% and property tax rate of 2%, that translates to a maximum affordable home price of approximately $191,197 with 20% down on a 30-year loan.
To afford the median Nashua home priced at $410,000, you need an annual gross income of approximately $129,658. Total monthly housing costs (principal and interest of $2,171, property taxes of $683, and insurance of $171) come to $3,025/month, which equals 28% of the required income.
At the median home price of $410,000 and median household income of $80,000, the total monthly housing cost of $3,025 represents 45.4% of gross monthly income. This is well above the standard 28% threshold, making Nashua a challenging market for buyers at median income.
A conventional 20% down payment on the median Nashua home of $410,000 is $82,000. An FHA loan requires just 3.5% down — $14,350 — but adds mortgage insurance of roughly $280/month, bringing total FHA payments to $3,753/month.