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.

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.

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)

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%.

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.

Do sellers pay closing costs in NH? ›

Both the buyer and the seller have to pay certain closing expenses in New Hampshire. Seller closing costs in New Hampshire can amount to 8%-10% of the final sale price of the home. This does not include the mortgage payoff.

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.