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New Hampshire market guide
DSCR loans in Londonderry, NH
Rental financing for Londonderry investors, qualified on the property's rent.
In Londonderry, NH, rental investors qualify on the property's rent instead of personal income. The market data behind that: $1,803 median rent, $505,200 median home value and 14% of households renting.
Market snapshot for Londonderry
Start with the two numbers every DSCR file turns on. Rent in Londonderry runs a median $1,803 a month (about 21% above the New Hampshire median of $1,491), and the median owner-occupied home is worth $505,200. Dividing a year of median rent by the median home value gives a gross rent-to-value ratio of 4.3%, on the low side, so the payment, not the rent, usually decides whether a file clears. It mixes apartments and houses, so treat it as a compass and not as the number for any one property.
| Indicator | New Hampshire | Londonderry | Difference |
|---|---|---|---|
| Tax as a share of home value | 1.66% | 1.60% | -4% |
| Annual property tax bill, median | $6,667 | $8,069 | +21% |
| Household income, median | $99,031 | $132,556 | +34% |
| Typical monthly rent | $1,491 | $1,803 | +21% |
| Persons per household | 2.44 | 2.70 | |
| Share in 2-4 unit buildings | 10.5% | 3.6% | -66% |
| Share of homes detached | 63.3% | 68.7% | +9% |
| Degree holders, age 25+ | 40.6% | 47.6% | +17% |
| Workers on their own account | 9.3% | 7.6% | -19% |
| Renters paying 30%+ of income | 48.2% | 48.9% | +1% |
| Units sitting vacant | 14.3% | 3.1% | -78% |
| Typical construction year | 1979 | 1986 | |
| Annual rent divided by value | 4.4% | 4.3% | -4% |
| Households that rent | 27.2% | 14.4% | -47% |
| Residents (Census estimate) | 1,394,868 | 26,685 |
Renters are a minority in Londonderry at 14.4% of households (well below the New Hampshire median of 27%). Expect rentals to cluster near employers, campuses or older housing. Median household income of $132,556 (well above the New Hampshire median of $99,031) sets the ceiling for rent growth, and 49% of renters already spend 30 percent or more of income on rent.
The kind of housing in Londonderry
About 69% of Londonderry's housing is detached single-family, which means a typical rental purchase is a house with its own roof, yard and repair schedule. With 1986 as the median build year, expect aging HVAC and roofs and ask for the dates of the last replacements.
About 3% of Londonderry's housing units are vacant, and the rental vacancy rate (units for rent against rented plus for-rent units) works out to 6.7%.
How investors should read Londonderry
Londonderry's 4.3% rent-to-value ratio is on the lean side, so expect lenders to ask for more cash down on a typical single-family purchase and to scrutinize insurance and tax estimates closely. A median build year of 1986 suggests moderate repair budgets with the usual replacement cycles. Because only 14% of households rent, vacant units can take longer to lease, and location relative to employers or campuses matters more.
The payment side of the Londonderry ratio
Property taxes in Londonderry run a median $8,069 a year for owners, about 21% above the New Hampshire median of $6,667. As a share of median value, that is about 1.60%. In rent terms, the tax bill equals roughly 37% of twelve months of median rent.
FEMA's National Risk Index (version 1.20, December 2025) rates Rockingham County as relatively moderate overall for natural hazard risk, with coastal flooding (relatively high), ice storms (relatively high) and riverine flooding (relatively moderate) among its leading hazards.
| Hazard in Rockingham County, FEMA index | Level |
|---|---|
| Hurricanes exposure | Relatively Moderate |
| Riverine flooding exposure | Relatively Moderate |
| Ice storms exposure | Relatively High |
| Coastal flooding exposure | Relatively High |
| Social vulnerability score | Very Low |
| Annualized loss estimate | Relatively Moderate |
| Composite risk | Relatively Moderate |
Standard landlord policies usually exclude flood, and coastal ones can add a separate wind deductible, so ask the agent for Londonderry exclusions before trusting a premium estimate.
Working the Londonderry rent math
Try the math at the medians. With rent at $1,803 and taxes near $672 a month, a 1.00 DSCR leaves $1,131 for everything else in the payment, a 1.20 ratio leaves $830, and a 1.25 ratio leaves $770. Any real property will differ, but the exercise shows how little room insurance and dues can take.
Rules a Londonderry landlord should check
Local rental rules in Londonderry are not summarized here because we could not verify them from a city source. Ask the city and Rockingham County about registration, inspection and short-term rental requirements, and confirm what an HOA allows. Nightly stays carry state tax in New Hampshire. New Hampshire's Meals and Rooms tax covers residential rentals of under 185 consecutive days, so an operator needs an operator's license, displays it on the property and includes the license number in advertisements, and Airbnb collects the tax on stays of 184 nights or fewer.
The return clock runs 30 days from move-out in New Hampshire, so Londonderry landlords should keep move-in photos and repair receipts.
Londonderry compared with nearby markets
Among the nearby markets above, Manchester has the lowest median home value at $365,600 and Merrimack the highest at $458,600, against $505,200 in Londonderry.
| Market | Renter share | Tax bill | Home value | Residents | Rent |
|---|---|---|---|---|---|
| Hudson | 17% | $6,636 | $438,900 | 25,557 | $1,735 |
| Manchester | 51% | $5,922 | $365,600 | 115,643 | $1,564 |
| Merrimack | 11% | $7,345 | $458,600 | 28,164 | $1,932 |
| Derry | 30% | $8,103 | $432,000 | 34,116 | $1,547 |
| Londonderry | 14% | $8,069 | $505,200 | 26,685 | $1,803 |
The renter base in Londonderry
Roughly 7.6% of employed people in Londonderry are self-employed, a base of investors and landlords for whom a rent-based loan is a practical option. Looking at who fills the rentals, government workers are about 13% of employment, 48% of adults hold a bachelor's degree or higher and 19% of commuters travel 45 minutes or more.
For getting around, Londonderry has interstate access via I-93 and air service through Manchester-Boston Regional Airport, which matters to commuters and to out-of-town owners planning a visit.
Putting a Londonderry file together
Before you offer on a Londonderry property, test the ratio in the calculator, then apply now or request a DSCR quote.
More New Hampshire markets
- All New Hampshire DSCR loans
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- DSCR loans in Merrimack, NH
- DSCR loans in Manchester, NH
- DSCR loans in Hudson, NH
- Every market we cover
Source links
- New Hampshire landlord deposit rules, RSA 540-A:5, I-II; 540-A:6, I-IV; 540-A:7, I-II; 540-A:8, I-III
- For nightly stays in Londonderry: NH Department of Revenue Administration, meals and rentals tax
- ACS 2020 to 2024 estimates for Londonderry
- FEMA risk data used for Londonderry
- Background reading: Londonderry, New Hampshire
All Londonderry statistics are ACS five-year survey estimates from 2020 to 2024. Landlord rules for Londonderry rest on New Hampshire statutes and the CC BY 4.0 RedFlagLease dataset. Our check date is October 2026, so look for newer Londonderry rules before you commit.
Before you make an offer
On a Londonderry purchase, line up the lease, the tax estimate, the insurance quote and any association dues before the appraisal is ordered, and ask the appraiser's office what rent comparables they plan to use.
DSCR loan availability varies by property and lender program and is not an offer to lend. See our disclosures.
Frequently asked questions
Which rent counts when I finance a Londonderry property?
On most files the lender uses the lower of the signed lease rent and the appraiser's market rent for the address in Londonderry. For orientation, the Census median gross rent here is $1,803 a month.
How much payment fits the median Londonderry rent?
The denominator is the whole housing payment. Using Londonderry's median rent of $1,803, a ratio of 1.25 allows $1,442, and a ratio of 1.00 allows all $1,803.
How high are property taxes in Londonderry?
Median taxes paid are $8,069 a year, or 1.60% of median value, compared with 1.66% statewide. Ask Rockingham County's tax office what the bill becomes after your sale.
Can nightly stays at a Londonderry property support a DSCR file?
Depending on the lender, yes, if the property may legally be used that way and income is documented. Confirm the local permit, association rules and New Hampshire lodging taxes before you underwrite nightly income in Londonderry.
When must a Londonderry landlord return a deposit?
A landlord has 30 days to return the deposit. Both come from RSA 540-A:5, I-II; 540-A:6, I-IV; 540-A:7, I-II; 540-A:8, I-III.
Does hazard risk affect a Londonderry DSCR loan?
Overall risk is rated relatively moderate for the county. Because the rating covers a whole county, look up the specific property on FEMA's flood map before you offer.
Is an entity required for a NH DSCR loan?
Many Londonderry investors do, though no rule forces it. The loan is secured by the property either way, and the lender will check who controls the company.