Quick facts: Contoocook, NH

Quick Facts

106.6
Cost of Living
above US average
1,295
Population
22.39
Crime Rate per 1000
below US average
$103,317
Median Income
above US average
$349,000
Median House Price
above US average
$1883.33
Average Rent
above US average
Poverty rate Data is updating, will be available soon
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $103,317.

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Income Needed to Buy

βœ— Stretch
$109k/year
Based on $349,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $109k vs median $103,317
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Income Needed to Rent

βœ“ Affordable
$81k/year
Based on $1883.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($103,317) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Contoocook, NH

Contoocook is a charming village located within the town of Hopkinton in Merrimack County, New Hampshire. Nestled along the Contoocook River, this picturesque community is characterized by its small-town vibe, historic architecture, and stunning natural surroundings. It boasts a rich history dating back to the early 19th century, which is reflected in its quaint village center filled with locally-owned shops, restaurants, and cafes. Outdoor enthusiasts will appreciate the nearby trails, parks, and the scenic beauty of the surrounding landscapes, making it a perfect spot for hiking, biking, and fishing. The village is also known for its strong community spirit, with various events and festivals held throughout the year that draw both residents and visitors alike. Contoocook serves as a peaceful retreat while being conveniently located just a short drive from larger cities like Concord and Manchester, offering easy access to urban amenities. With its blend of rural charm and community-focused living, Contoocook, NH, is an inviting place for families, retirees, and anyone looking to enjoy a tranquil lifestyle.

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