Total monthly cost of ownership
Cost to Own a Home in Lancaster, New Hampshire
A $183,000 home here costs
$1,770per 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 $76,000 a year.
A standard mortgage calculator would have told you $998. The real number is $773 higher every month, 77% more than the payment most buyers budget for.
Compare Coos County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lancaster from a five-year rolling sample, and with about 2,264 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Coos County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lancaster against Coos County and New Hampshire
| Measure | Lancaster | Coos County |
|---|---|---|
| Median home value | $182,900 | $169,600 |
| Median property tax | $4,024 | $3,511 |
| Effective tax rate | 2.200% | 2.070% |
| Median gross rent | $872 | $843 |
| Population | 2,264 | 31,386 |
The weather behind that power bill
Lancaster sits in Coos County, which averages a high of 79.8°F in its hottest month and a low of 2.5°F in its coldest, with 36.47" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 195 cooling and 8,755 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Coos County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coos County
Full Coos County cost breakdown · Every county in New Hampshire
Talk to someone who works this market
These are Lancaster 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 Lancaster every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lancaster I already own here and may sell
Common questions
How much does it cost to own a home in Lancaster?
A $183,000 home in Lancaster, New Hampshire costs approximately $1,770 per month with 20% down at 7.24%. That is $998 principal and interest, $336 property tax, $45 homeowners insurance, $239 utilities and $153 set aside for maintenance.
What is the property tax rate in Lancaster?
Lancaster has an effective property tax rate of 2.200%, based on a median home value of $182,900 and median real estate taxes of $4,024. That is higher than the Coos County average of 2.070%.
What is the average home price in Lancaster?
The median owner-occupied home value in Lancaster, New Hampshire is $182,900, against $169,600 across Coos County.
Is it cheaper to rent or buy in Lancaster?
Median gross rent in Lancaster is $872 a month, against $1,770 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 Lancaster?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lancaster, New Hampshire at today's rate takes a household income of roughly $76,000 a year. That covers the full $1,770 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lancaster, 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.