Quick facts: Somersworth, NH

Quick Facts

106.6
Cost of Living
above US average
12,159
Population
21.05
Crime Rate per 1000
below US average
$75,841
Median Income
below US average
$399,900
Median House Price
above US average
$1821.3
Average Rent
above US average
7%
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 $75,841.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $75,841
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1821.3/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $75,841
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Somersworth, NH

Somersworth is a charming city located in Strafford County, New Hampshire. Nestled on the banks of the Salmon Falls River, it serves as a gateway between the seacoast and the larger cities of the Seacoast region. Known for its rich history, Somersworth was originally a key industrial center in the 19th century, particularly for shoe manufacturing. Today, the city has transitioned into a diverse community with a mix of residential, commercial, and recreational spaces. Somersworth offers a variety of amenities, including parks, shops, and dining options. The downtown area showcases historic architecture and a vibrant local culture. Outdoor enthusiasts can enjoy local parks such as the Somersworth Veterans Memorial Park and the nearby boundaries of the Great Bay Estuary, perfect for hiking and nature walks. Education in Somersworth is served by the Somersworth School District, which includes local elementary, middle, and high schools. The city also hosts community events, fostering a strong sense of belonging among residents. Overall, Somersworth is a welcoming city with a mix of history, community spirit, and natural beauty.

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