Total monthly cost of ownership
Cost to Own a Home in Keene, New Hampshire
A $233,000 home here costs
$2,311per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $99,000 a year.
A standard mortgage calculator would have told you $1,270. The real number is $1,040 higher every month, 82% more than the payment most buyers budget for.
Compare Cheshire County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Keene against Cheshire County and New Hampshire
| Measure | Keene | Cheshire County |
|---|---|---|
| Median home value | $232,500 | $257,200 |
| Median property tax | $6,576 | $5,968 |
| Effective tax rate | 2.828% | 2.320% |
| Median gross rent | $1,275 | $1,220 |
| Population | 22,923 | 76,945 |
The weather behind that power bill
Keene sits in Cheshire County, which averages a high of 81.9°F in its hottest month and a low of 10.4°F in its coldest, with 46.11" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 375 cooling and 7,501 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Cheshire County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cheshire County
Full Cheshire County cost breakdown · Every county in New Hampshire
Talk to someone who works this market
These are Keene averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Keene every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Keene?
A $233,000 home in Keene, New Hampshire costs approximately $2,311 per month with 20% down at 7.24%. That is $1,270 principal and interest, $549 property tax, $58 homeowners insurance, $239 utilities and $194 set aside for maintenance.
What is the property tax rate in Keene?
Keene has an effective property tax rate of 2.828%, based on a median home value of $232,500 and median real estate taxes of $6,576. That is higher than the Cheshire County average of 2.320%.
What is the average home price in Keene?
The median owner-occupied home value in Keene, New Hampshire is $232,500, against $257,200 across Cheshire County.
Is it cheaper to rent or buy in Keene?
Median gross rent in Keene is $1,275 a month, against $2,311 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Keene?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Keene, New Hampshire at today's rate takes a household income of roughly $99,000 a year. That covers the full $2,311 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Keene, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for New Hampshire.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.