Total monthly cost of ownership
Cost to Own a Home in Laconia, New Hampshire
A $309,000 home here costs
$2,625per 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 $112,500 a year.
A standard mortgage calculator would have told you $1,685. The real number is $940 higher every month, 56% more than the payment most buyers budget for.
Compare Belknap 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.
Laconia against Belknap County and New Hampshire
| Measure | Laconia | Belknap County |
|---|---|---|
| Median home value | $308,800 | $340,000 |
| Median property tax | $4,400 | $4,897 |
| Effective tax rate | 1.425% | 1.440% |
| Median gross rent | $1,180 | $1,184 |
| Population | 16,982 | 64,300 |
The weather behind that power bill
Laconia sits in Belknap County, which averages a high of 82.1°F in its hottest month and a low of 11.7°F in its coldest, with 45.61" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 529 cooling and 7,102 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Belknap County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Belknap County
Full Belknap County cost breakdown · Every county in New Hampshire
Talk to someone who works this market
These are Laconia 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 Laconia every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Laconia I already own here and may sell
Common questions
How much does it cost to own a home in Laconia?
A $309,000 home in Laconia, New Hampshire costs approximately $2,625 per month with 20% down at 7.24%. That is $1,685 principal and interest, $367 property tax, $77 homeowners insurance, $239 utilities and $258 set aside for maintenance.
What is the property tax rate in Laconia?
Laconia has an effective property tax rate of 1.425%, based on a median home value of $308,800 and median real estate taxes of $4,400. That is lower than the Belknap County average of 1.440%.
What is the average home price in Laconia?
The median owner-occupied home value in Laconia, New Hampshire is $308,800, against $340,000 across Belknap County.
Is it cheaper to rent or buy in Laconia?
Median gross rent in Laconia is $1,180 a month, against $2,625 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 Laconia?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Laconia, New Hampshire at today's rate takes a household income of roughly $112,500 a year. That covers the full $2,625 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Laconia, 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.