new hampshire real estate - craigslist (2024)

FAQs

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

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 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.

The latest NHAR trends report for April shows that the new $525,000 median price for a single-family home is 13.7% higher than it was in April 2023. While not a record, residential condominium pricing for April was $400,000, an 11% bump from last April.

New Hampshire. New Hampshire is the state with the best taxpayer return on investment, which is due in large part to the fact that it has no state income tax.

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%.

Are Home Prices Dropping in New Hampshire? As of the latest data available, there is no indication of home prices dropping in the New Hampshire housing market. On the contrary, home values have been steadily increasing, reflecting strong demand and limited inventory.

Terraced properties sold for an average of £315,347, with flats fetching £212,448. Overall, sold prices in Hampshire over the last year were 3% down on the previous year and 3% up on the 2021 peak of £396,784.

“It's no secret New Hampshire is experiencing a housing shortage—we need 90,000 new units by 2040 to meet expected demand,” said Congresswoman Kuster.

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)

Why are houses expensive in New Hampshire? ›

Declining Inventory of Single-Family Houses

Rapidly increasing housing prices across the Granite State reflect the drastic decline in inventory for single-family houses on the market. According to NHAR, there were a total of 1,435 single-family houses on the market across the entire state in April 2024.

The average cost of living in New Hampshire

According to 2021 data from the Bureau of Economic Analysis, the average total personal consumption cost in New Hampshire comes to $56,727 per year.

Yes — there is some amount of closing costs for sellers in every state. In addition to paying the real estate agents involved in the transaction (typically around 6 percent of the sale price), sellers in New Hampshire must pay a real estate transfer tax of $0.75 per $100 of value. (The buyer also pays the same amount.)

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.

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.

The dense and lush forests, especially in the North Country, provide endless hiking, camping, and wildlife exploration opportunities. Additionally, New Hampshire boasts a rugged coastline along the Atlantic Ocean, with charming towns like Portsmouth offering a blend of historic charm and coastal allure.

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.

New Hampshire has many economic advantages that position it well as its economy continues to recover and evolve after the COVID-19 recession: low poverty, high average income, strong GDP growth, proximity to Massachusetts, and more.