new hampshire real estate - craigslist (2024)

FAQs

Is New Hampshire a good state to invest in real estate? ›

New Hampshire is a favorite market for real estate investors because of its diverse options. There are lots of varying markets that offer great potential for each type of real estate investor. Manchester is the state's largest city and capital.

The current median days on market (DOM) in New Hampshire is 28 days. This means homes in New Hampshire spend less than a month on the market before becoming pending sales, indicating a competitive seller's market with low inventory, high demand, and properties moving swiftly.

In March 2023, the median price of a single-family house in New Hampshire was $447,900, and the price increased by 11.6 percent to $499,950 in March 2024; in Massachusetts, the median price increased by 8.9 percent, from $560,000 in March 2023 to the most recently reported median price of $610,000 in March 2024.

Conclusion. Choosing the right state to invest in rental properties can make a significant difference in your returns. States like Florida, Texas, North Carolina, Georgia, Arizona, Tennessee, and Las Vegas offer promising opportunities for investors.

New-Hampshire Housing Demand

In July 2024, 53.5% of homes in New-Hampshire sold above list price, down 3.9 points year. There were only 24.0% of homes that had price drops, up from 18.0% of homes in July last year. There was a 101.5% sale-to-list price, down 1.0 points year over year. …

Detached properties sold for an average of £646,256, with semi-detached properties fetching £382,841. Overall, sold prices in Hampshire over the last year were 4% down on the previous year and 2% up on the 2021 peak of £384,709.

THE ISSUES, CHALLENGES, AND SOLUTIONS

While there is agreement that New Hampshire has a housing crisis — a severe lack of a diverse rental and for-sale housing inventory, how to address the shortfall will require a multi-pronged focus.

When combining all local, county, and state property taxes, these towns have the lowest property tax rates in New Hampshire (as of January 1, 2023): Windsor ($3.39) New Castle ($4.48) Moultonborough ($4.78)

Is it cheaper to live in NH or MA? ›

The cost of living in NH is 15% less than MA. The cost of groceries in NH is 14% less than MA. The cost of housing in NH is 25% less than MA. The cost of utilities in NH is 10% less than MA.

New Hampshire is known as a low-tax state. But while the state has no personal income tax and no sales tax, it has the fourth-highest property tax rates of any U.S. state, with an average effective rate of 1.77%.

Sellers are usually responsible for most of, but not all the closing costs. Buyer closing costs include mortgage-related costs such as a loan origination fee and other lender-related fees, private mortgage insurance, the down payment, an appraisal fee, and a home inspection fee.

Yes, even for sale by owner (FSBO) home sellers in New Hampshire must adhere to certain rules and regulations. While FSBO sellers may not have the assistance of a real estate agent, they are still obligated to comply with state and local laws governing real estate transactions.

Does the seller need an attorney at closing in New Hampshire? No, you don't need an attorney to sell property in New Hampshire. However, it is recommended to hire a real estate attorney to deal with all the legalities involved in the process.

Tax Benefits

The absence of state income tax and sales tax creates a favorable environment for property owners. Additionally, property tax rates in New Hampshire are relatively low compared to many other states, allowing investors to keep more of their rental income.

The Interest & Dividends ("I&D") Tax was enacted in 1923. The tax is assessed on interest and dividend income at a rate of 5% for taxable periods ending before December 31, 2023, 4% for taxable periods ending on or after December 31, 2023, 3% for taxable periods ending on or after December 31, 2024.