New Hampshire Real Estate Market Trends & Analysis
New Hampshire’s economy has improved dramatically in a relatively short period of time. For the better part of a decade, the entire state has seen encouraging growth in both its labor force and available jobs. Few states, for that matter, have a better unemployment rate than New Hampshire. Improvements in the local economy have translated into a healthier housing industry, too. Pending sales have increased year-over-year and homes are selling faster. It is worth noting, however, that wages haven’t been able to maintain the same pace as appreciation rates within the New Hampshire real estate market.
After nearly seven consecutive years of appreciation, real estate in New Hampshire has become less and less affordable. Rents, in particular, have increased dramatically in as little as five year’s time, and vacancies are almost non existent. As a result, a great deal of people are left with no other option than to buy, which places sellers and investors in a great position.
After nearly seven consecutive years of appreciation, real estate in New Hampshire has become less and less affordable. Rents, in particular, have increased dramatically in as little as five year’s time, and vacancies are almost non existent. As a result, a great deal of people are left with no other option than to buy, which places sellers and investors in a great position.
New Hampshire Real Estate Fees & Regulations
Real Estate
| Closing Conducted by: | Attorneys |
| Conveyance: | Warranty or Quitclaim Deed |
Foreclosure Procedure
| Primary Foreclosure Method: | Non-Judicial |
| Process Period: | 2 - 3 Months |
| Notice of Sale: | Trustee |
| Redemption Period: | None |
Taxes
| Income Tax: | 5.00% |
| Corporate Tax: | 8.50% |
| Sales Tax: | None |
| Estate Tax: | No |
| Inheritance Tax: | No |
| Median Property Tax: | 1.86% |
| Property Taxes by County: | http://www.tax-rates.org/new_hampshire/property-tax#Counties |
Average Transactional Costs
| Closing Cost: | $2,641.00 |
| Transfer Fee: | 1.50% |
| Origination Fee: | $1,975.00 |
Overview
- Median Home Value: $279,200
- 1-Year Appreciation Rate: +3.9%
- Median Home Value (1-Year Forecast): +1.9%
- Median Rent Price: $1,800
- Price-To-Rent Ratio: 12.92
- Average Days On Market: 61
- Unemployment Rate: 2.5% (latest estimate by the Bureau Of Labor Statistics)
- Population: 1,356,458 (latest estimate by the U.S. Census Bureau)
- Median Household Income: $71,305 (latest estimate by the U.S. Census Bureau)
- Percentage Of Vacant Homes: 15.46%
- Foreclosure Rate: 1 in every 4,719
New Hampshire Foreclosure Trends & Statistics
Tax Lien Investing
- Tax Lien or Deed: Tax Deed state
- Interest Rate: Property owner must pay the state 18% to redeem lien or risk loosing property to foreclosure
- Redemption Period: Total of 5 years