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.

Is it a buyer's or seller's market in New Hampshire? It is considered a seller's market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.4%, making the average house payment $3,782, which is $557 higher than a year before.

The average New Hampshire home value is $485,943, up 7.7% over the past year and goes to pending in around 8 days.

Median Home Price

The median sale price for homes in New Hampshire is currently $506,300, up 12% since last year according to Refin's monthly housing data from May 2024.

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%.

Detached properties sold for an average of £653,133, with semi-detached properties fetching £385,030. Overall, sold prices in Hampshire over the last year were 3% down on the previous year and 3% 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.

The closing cost in New Hampshire for buyers are approximately 2%–5% of the home's agreement value. While the sellers are expected to pay around 6–10% of the home's purchase price. For sellers, that includes the agency commission too.

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.

Where is the least expensive place to live in NH? ›

How Much Do You Need to Make to Live Comfortably in New Hampshire? According to Go Banking Rates, a single person in New Hampshire needs to make about $62,935 in order to live comfortably. It is about $66,000 in Vermont, and about $88,000 in Massachusetts.

The tax is imposed on both the buyer and the seller at the rate of $. 75 per $100 of the price or consideration for the sale, granting, or transfer. What types of transactions are taxable? All contractual transfers are subject to tax unless specifically exempt under RSA 78-B:2.

For all forms of administration, the estate must remain open for at least six months from the date of appointment to allow creditors to present claims. If all claims have been paid, the estate may be closed and a final account filed after six months.

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.