How Much Does it Cost to Buy a Home in Grantham?

View from Gray Ledges, Grantham, New Hampshire

In 2024, the median sold price for a single-family home in Grantham was $525,000, with homes spending an average of 34 days on the market. A total of 65 properties sold in 2024. This post breaks down what buyers can expect when budgeting for a home in Grantham, including prices, taxes, and other expenses. For a rolling 12-month snapshot, check out this post.

Grantham Real Estate Market Snapshot

Median list price: $520,000
Median sold price: $525,000
Number of homes sold: 65
Average days on market: 34
 

Price Ranges by Property Type

Single-Family Homes: Most homes in Grantham fall between $350,000 and $900,000, with size, updates, and location within the Eastman community often influencing price.

Condos/Townhomes: Common within Eastman, typically ranging from $300,000 to $610,000.

Land: Parcel prices vary depending on size and proximity to amenities. In 2024, there were 24 land sales, with prices ranging from $11,500 to $269,000 and an average sold price per acre of $41,590.

Additional Costs Buyers Should Budget For

Property Taxes
Grantham’s tax rate is approximately $19.61 per $1,000 of assessed value. On a $500,000 home, that’s roughly $9,805.

Town Tax: $4.20
County Tax: $2.60
Local Education Tax: $11.45
Statewide Education Tax: $1.36
TOTAL TAX RATE: $19.61

Utilities and Services
Heating, electricity, and internet costs can vary depending on the home’s systems and service providers. For more details, visit our Utilities and Services page.

HOA Fees
The Eastman community is central to Grantham’s housing market and includes over 1,300 properties surrounding a 325-acre lake*. Residents enjoy access to shared amenities such as a recreation center, golf course, cross-country ski trails, tennis and pickleball courts, a restaurant, and a network of walking trails.

Eastman homeowners pay a one-time membership fee of $5,000 at closing and an annual assessment of $4,225 for the 2024–2025 fiscal year ($3,596 for vacant lots)*. These fees support road maintenance, community facilities, and the capital reserve fund. The annual assessment also includes access to Eastman’s Universal Amenity Program, which covers use of the recreation center, pool, fitness center, tennis and pickleball courts, and cross-country ski trails.

Condo owners pay additional association fees for exterior maintenance and plowing, determined by their individual condo associations. Water and sewer services are provided by the Village District of Eastman (VDE) through usage-based charges. Buyers considering properties outside Eastman should verify whether any private road or neighborhood association fees apply.

Another community association in Grantham is Gray Ledges, a smaller condominium development consisting of 26 units set on 90 acres. This community offers scenic views and low-maintenance living with association-managed exterior upkeep and shared open space.

Closing Costs
Buyers in New Hampshire should budget roughly 2% of the purchase price for closing costs, including lender fees, title insurance, and related expenses.

Factors That Influence Home Prices in Grantham

Location: Homes within the Eastman community tend to command higher values due to amenities, recreational access, and community services. Properties outside Eastman may offer more acreage or privacy at lower price points.

Property Features: Buyers often place a premium on square footage, lot size, and desirable amenities like garages, flexible living space, or modern updates. Homes offering privacy, views, or community amenities such as walking trails, tennis, pools or lake access are especially sought after.

Condition: Well-cared-for properties are more marketable and typically sell faster, while homes in need of work may limit the buyer pool and impact final price.

Three Tips For Buyers Considering Grantham

1. Learn what’s included in community living. If you’re considering a home in Eastman or another association, review the fees, amenities, and services so you understand what’s covered in the annual dues.
2. Consider what makes Grantham a fit. The town attracts buyers who appreciate access to Eastman’s recreation opportunities, quick I-89 access, and a balance of privacy and community amenities. Local conveniences are limited, so most residents travel north to Lebanon and Hanover or south to New London or Concord for shopping, dining, and services.
3. Understand long-term ownership expenses. Beyond the purchase price, factor in ongoing costs such as property taxes, utilities, heating, and insurance. Accounting for these expenses upfront provides a clearer picture of overall affordability. You can find more on how to prepare financially in our Home Buyer’s Guide.

Summary

The cost of buying a home in Grantham depends largely on location, property features, and community type. Not only should buyers consider the sale price of the home, but also the added buy-in and ongoing membership fees if purchasing within a community association like Eastman or Gray Ledges. Homes outside of these associations may offer more privacy or acreage, with different maintenance responsibilities. Property features and condition also play an important role in determining value. Beyond the purchase price, buyers should plan for ongoing expenses such as property taxes, utilities, and insurance, which all contribute to the overall cost of ownership.

If you’re beginning your search, our team can connect you with trusted local lenders and provide more detailed insights into the Grantham housing market. Interested in learning more about buying in the Sunapee Region? Contact our team, we love talking real estate!

Explore More Resources for Sunapee Region Homebuyers

• Town Profiles: Learn what makes each Sunapee Region town unique
• Monthly Home Sales Update: See which homes have sold each month by town

 

*Source: Eastman Community Association, About Eastman

**Data is sourced from PrimeMLS and is subject to human error.