03743, Claremont, NH

Claremont is a small town located in the northeastern corner of New Hampshire. The population of Claremont was just over 2,000 as of the 2010 census. The median household income in Claremont was just over $100,000 as of 2010.

The home equity and home prices in Claremont are very high compared to the rest of New Hampshire. As of May 2016, the median home value in Claremont was $527,500. This is more than twice the statewide median home value of $183,500 and more than three times the national median home value of $177,200. In addition, the average home equity balance in Claremont was $187,700 as of May 2016. This is more than triple the statewide average home equity balance (of $50,700) and more than quadruple the national average home equity balance (of $103,600).

There are several reasons why Claremont's homes are so expensive and its residents have such a high level of Home Equity Balance. First, Claremont is located in an affluent part of New Hampshire and has a high rate of homeownership (almost 90%). Second, there is a large number of wealthy people living in Claremont (nearly 30%of households have incomes over $200K). Finally, Claremont has a low rate of unemployment (3% as opposed to 4-5% for most parts of New Hampshire) which leads to higher wages and salaries. All these factors lead to increased demand for housing and increased prices for homes in Claremont.