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Metro areas › Lebanon-Claremont, NH-VT

Micropolitan area

Lebanon-Claremont, NH-VT

New Hampshire, Vermont · 4 counties · 224,500 residents (2025 est.)

FHFA annual index 1979–2025Developmental CBSA indexPermits through August 2026
FHFA house price index for Lebanon-Claremont, NH-VT, annual from 1979 to 2025, with the national index rebased to the same start and NBER recessions shadedRecession 1980Recession 1981–82Recession 1990–91Recession 2001Recession 2007–09Recession 202002004006008001,00019801990200020102020United States2025: 790
Lebanon-Claremont (100 = first year)United States, rebased to the same startNBER recession

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. FHFA describes its annual CBSA indexes as developmental and subject to revision. The index does not give a dollar value for any home.

Lebanon-Claremont, NH-VT is a micropolitan statistical area of 4 counties and about 225,000 residents. FHFA's annual index for it begins in 1979 and has risen +690.1% through 2025.

Over the ten years to 2025 the annual index rose +106.3% (+7.5% a year), below New Hampshire at +113.0% and well above the national +85.0%.

From a 2007 peak the index fell −13.8% to 2013, regaining the peak in 2020.

Across its counties, 684 housing units were authorised in the 12 months to August 2026, 3.0 per 1,000 residents, −26.3% on the previous 12 months.

+4.0%1 year, 2024–2025US +2.8%
+73.3%5 yearsUS +47.0%
+106.3%10 years+7.5% a year annualised
+216.6%since 2000US +158.3%
684units permitted, 12 months3.0 per 1,000 residents

Same span, three levels

Change in the FHFA indexLebanon-ClaremontNew HampshireUnited States
1 year (2024–2025)+4.0%+4.7%+2.8%
5 years (2020–2025)+73.3%+65.7%+47.0%
10 years (2015–2025)+106.3%+113.0%+85.0%
20 years (2005–2025)+95.4%+87.2%+79.1%
Since 2000+216.6%+206.4%+158.3%
Since 1979+690.1%+754.7%+539.0%
10-year annualised+7.5%+7.9%+6.3%
20-year annualised+3.4%+3.2%+3.0%

FHFA annual all-transactions indexes over identical years. The state column is New Hampshire, the first state in the area's name.

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)+141.9%+68.2%
1990s (1990–2000)+16.1%+33.9%
2000s (2000–2010)+59.7%+29.7%
2010s (2010–2020)+14.4%+35.5%
2020s so far (2020–2025)+73.3%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1979 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1979 are not shown.

Peak-to-low declines

PeakLowDeclinePeak regained
20072013−13.8%2020
19791980−11.2%1983
19891994−8.5%1998

Building permits across the area

Housing units authorised in the area's 4 counties (OMB July 2023 delineations), summed from county files.

Housing units authorised in the Lebanon-Claremont, NH-VT area by month, latest 12 months050100Sep 2025: 63 units (43 single-family, 20 in multi-unit buildings)Sep 2025Oct 2025: 76 units (53 single-family, 23 in multi-unit buildings)Oct 2025Nov 2025: 71 units (59 single-family, 12 in multi-unit buildings)Nov 2025Dec 2025: 46 units (32 single-family, 14 in multi-unit buildings)Dec 2025Jan 2026: 34 units (20 single-family, 14 in multi-unit buildings)Jan 2026Feb 2026: 33 units (23 single-family, 10 in multi-unit buildings)Feb 2026Mar 2026: 40 units (30 single-family, 10 in multi-unit buildings)Mar 2026Apr 2026: 67 units (59 single-family, 8 in multi-unit buildings)Apr 2026May 2026: 60 units (49 single-family, 11 in multi-unit buildings)May 2026Jun 2026: 72 units (53 single-family, 19 in multi-unit buildings)Jun 2026Jul 2026: 63 units (51 single-family, 12 in multi-unit buildings)Jul 2026Aug 2026: 59 units (52 single-family, 7 in multi-unit buildings)Aug 2026

Housing units authorised in the Lebanon-Claremont, NH-VT area by month, latest 12 monthssingle-family2+ unit buildings

Housing units authorised in the Lebanon-Claremont, NH-VT area by month, latest 60 months0200400Sep 2021: 0 units (0 single-family, 0 in multi-unit buildings)Sep 2021Oct 2021: 0 units (0 single-family, 0 in multi-unit buildings)Nov 2021: 0 units (0 single-family, 0 in multi-unit buildings)Dec 2021: 0 units (0 single-family, 0 in multi-unit buildings)Jan 2022: 37 units (25 single-family, 12 in multi-unit buildings)Feb 2022: 54 units (24 single-family, 30 in multi-unit buildings)Mar 2022: 87 units (33 single-family, 54 in multi-unit buildings)Apr 2022: 65 units (65 single-family, 0 in multi-unit buildings)May 2022: 53 units (51 single-family, 2 in multi-unit buildings)Jun 2022: 59 units (57 single-family, 2 in multi-unit buildings)Jul 2022: 68 units (62 single-family, 6 in multi-unit buildings)Aug 2022: 49 units (49 single-family, 0 in multi-unit buildings)Sep 2022: 56 units (53 single-family, 3 in multi-unit buildings)Sep 2022Oct 2022: 37 units (34 single-family, 3 in multi-unit buildings)Nov 2022: 32 units (32 single-family, 0 in multi-unit buildings)Dec 2022: 25 units (25 single-family, 0 in multi-unit buildings)Jan 2023: 20 units (18 single-family, 2 in multi-unit buildings)Feb 2023: 13 units (13 single-family, 0 in multi-unit buildings)Mar 2023: 41 units (35 single-family, 6 in multi-unit buildings)Apr 2023: 86 units (71 single-family, 15 in multi-unit buildings)May 2023: 86 units (66 single-family, 20 in multi-unit buildings)Jun 2023: 87 units (71 single-family, 16 in multi-unit buildings)Jul 2023: 68 units (50 single-family, 18 in multi-unit buildings)Aug 2023: 79 units (61 single-family, 18 in multi-unit buildings)Sep 2023: 80 units (49 single-family, 31 in multi-unit buildings)Sep 2023Oct 2023: 65 units (45 single-family, 20 in multi-unit buildings)Nov 2023: 52 units (45 single-family, 7 in multi-unit buildings)Dec 2023: 49 units (14 single-family, 35 in multi-unit buildings)Jan 2024: 52 units (31 single-family, 21 in multi-unit buildings)Feb 2024: 62 units (27 single-family, 35 in multi-unit buildings)Mar 2024: 88 units (30 single-family, 58 in multi-unit buildings)Apr 2024: 73 units (59 single-family, 14 in multi-unit buildings)May 2024: 58 units (55 single-family, 3 in multi-unit buildings)Jun 2024: 68 units (58 single-family, 10 in multi-unit buildings)Jul 2024: 55 units (45 single-family, 10 in multi-unit buildings)Aug 2024: 59 units (54 single-family, 5 in multi-unit buildings)Sep 2024: 57 units (52 single-family, 5 in multi-unit buildings)Sep 2024Oct 2024: 63 units (56 single-family, 7 in multi-unit buildings)Nov 2024: 62 units (51 single-family, 11 in multi-unit buildings)Dec 2024: 310 units (42 single-family, 268 in multi-unit buildings)Jan 2025: 35 units (27 single-family, 8 in multi-unit buildings)Feb 2025: 35 units (27 single-family, 8 in multi-unit buildings)Mar 2025: 49 units (44 single-family, 5 in multi-unit buildings)Apr 2025: 59 units (49 single-family, 10 in multi-unit buildings)May 2025: 78 units (55 single-family, 23 in multi-unit buildings)Jun 2025: 42 units (37 single-family, 5 in multi-unit buildings)Jul 2025: 67 units (49 single-family, 18 in multi-unit buildings)Aug 2025: 71 units (53 single-family, 18 in multi-unit buildings)Sep 2025: 63 units (43 single-family, 20 in multi-unit buildings)Sep 2025Oct 2025: 76 units (53 single-family, 23 in multi-unit buildings)Nov 2025: 71 units (59 single-family, 12 in multi-unit buildings)Dec 2025: 46 units (32 single-family, 14 in multi-unit buildings)Jan 2026: 34 units (20 single-family, 14 in multi-unit buildings)Feb 2026: 33 units (23 single-family, 10 in multi-unit buildings)Mar 2026: 40 units (30 single-family, 10 in multi-unit buildings)Apr 2026: 67 units (59 single-family, 8 in multi-unit buildings)May 2026: 60 units (49 single-family, 11 in multi-unit buildings)Jun 2026: 72 units (53 single-family, 19 in multi-unit buildings)Jul 2026: 63 units (51 single-family, 12 in multi-unit buildings)Aug 2026: 59 units (52 single-family, 7 in multi-unit buildings)

Housing units authorised in the Lebanon-Claremont, NH-VT area by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in the Lebanon-Claremont, NH-VT area by year, 1995–202505001,0001,5001995: 667 units (667 single-family, 0 in multi-unit buildings)19951996: 590 units (590 single-family, 0 in multi-unit buildings)1997: 531 units (531 single-family, 0 in multi-unit buildings)1998: 639 units (639 single-family, 0 in multi-unit buildings)1999: 756 units (626 single-family, 130 in multi-unit buildings)2000: 886 units (755 single-family, 131 in multi-unit buildings)20002001: 969 units (816 single-family, 153 in multi-unit buildings)2002: 1,170 units (998 single-family, 172 in multi-unit buildings)2003: 1,300 units (1,203 single-family, 97 in multi-unit buildings)2004: 1,471 units (1,303 single-family, 168 in multi-unit buildings)2005: 1,187 units (1,054 single-family, 133 in multi-unit buildings)20052006: 1,110 units (1,015 single-family, 95 in multi-unit buildings)2007: 933 units (720 single-family, 213 in multi-unit buildings)2008: 529 units (463 single-family, 66 in multi-unit buildings)2009: 416 units (311 single-family, 105 in multi-unit buildings)2010: 579 units (338 single-family, 241 in multi-unit buildings)20102011: 325 units (256 single-family, 69 in multi-unit buildings)2012: 312 units (271 single-family, 41 in multi-unit buildings)2013: 302 units (284 single-family, 18 in multi-unit buildings)2014: 352 units (276 single-family, 76 in multi-unit buildings)2015: 373 units (273 single-family, 100 in multi-unit buildings)20152016: 445 units (309 single-family, 136 in multi-unit buildings)2017: 356 units (286 single-family, 70 in multi-unit buildings)2018: 483 units (340 single-family, 143 in multi-unit buildings)2019: 498 units (308 single-family, 190 in multi-unit buildings)2020: 782 units (397 single-family, 385 in multi-unit buildings)20202021: 563 units (528 single-family, 35 in multi-unit buildings)2022: 871 units (548 single-family, 323 in multi-unit buildings)2023: 713 units (570 single-family, 143 in multi-unit buildings)2024: 1,005 units (558 single-family, 447 in multi-unit buildings)2025: 706 units (562 single-family, 144 in multi-unit buildings)2025

Housing units authorised in the Lebanon-Claremont, NH-VT area by year, 1995–2025single-family2+ unit buildings

Permits, 12 months to August 2026This areaNew HampshireUnited States
Housing units authorised6844,9871,418,086
Units per 1,000 residents3.03.54.1
Single-family share77%65%63%
Change on previous 12 months−26.3%+15.7%−0.1%

Counties in the area

Ranked by ten-year change in FHFA's county index to 2025; permits are the latest 12 months.

CountyState1 year10 yearsUnits, 12 monthsPer 1,000
Grafton CountyNH+6.8%+120.2%3804.1
Sullivan CountyNH+3.9%+113.3%1292.9
Orange CountyVT+6.7%+89.2%581.9
Windsor CountyVT−1.8%+86.5%1172.0

Questions and answers

How much have home values in the Lebanon-Claremont, NH-VT area risen over 10 years?

The FHFA annual index rose +106.3% between 2015 and 2025, about +7.5% a year. Over 20 years: +95.4%; since 2000: +216.6%.

Which counties in the Lebanon-Claremont, NH-VT area rose most?

By ten-year change to 2025: Grafton County (+120.2%), Sullivan County (+113.3%) and Orange County (+89.2%).

What happened to Lebanon-Claremont, NH-VT prices after 2007?

The index peaked in 2007, fell −13.8% to 2013 and regained the peak in 2020. Nationally: −21.3% from 2007 to 2012.

How many homes are being built in the Lebanon-Claremont, NH-VT area?

684 housing units were authorised across the area's counties in the 12 months to August 2026, 77% of them single-family, 3.0 per 1,000 residents.

Where does this data come from?

FHFA's annual CBSA house price index (developmental, updated March 31, 2026); Census Bureau building permits summed over member counties (OMB July 2023 delineations) through August 2026; vintage 2025 population estimates.

Provenance

Index: Federal Housing Finance Agency, annual house price index for core based statistical areas (all-transactions, developmental), last updated March 31, 2026, values 1979–2025. Permits: Census Bureau Building Permits Survey county files through August 2026, summed over member counties from OMB's July 2023 delineations. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.