Quick facts: Gilmanton, NH

Quick Facts

106.6
Cost of Living
above US average
3,758
Population
6.65
Crime Rate per 1000
below US average
$85,000
Median Income
above US average
$115,000
Median House Price
above US average
$1989
Average Rent
above US average
5%
Poverty Rate
below US average
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 $85,000.

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Income Needed to Buy

βœ“ Affordable
$36k/year
Based on $115,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($85,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1989/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $85,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gilmanton, NH

Gilmanton, New Hampshire, is a charming town nestled in Belknap County, located in the scenic Lakes Region of the state. This small town covers a rural area of approximately 56 square miles and is known for its picturesque landscapes, pristine lakes, and rich history. Gilmanton is comprised of several villages, including Gilmanton Iron Works and South Gilmanton, each offering a sense of community and tranquility. The town is characterized by its beautiful natural surroundings, with many opportunities for outdoor activities such as hiking, fishing, and boating, courtesy of nearby lakes like Lake Winnisquam and the Belknap Mountains. Gilmanton is also home to several parks and preserves, making it ideal for nature enthusiasts. The community exudes a strong sense of local pride, supported by various annual events and local businesses that contribute to its quaint charm. With its idyllic rural setting and close-knit community, Gilmanton is a peaceful place to live or visit, offering a respite from the busyness of city life while keeping residents connected to the beauty of New Hampshire's landscapes.

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