new hampshire real estate - craigslist (2024)

FAQs

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

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.

Median Days on Market (DOM)

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.

$484,742. The average New Hampshire home value is $484,742, up 8.4% over the past year and goes to pending in around 7 days.

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%.

Average Home Prices: The average median home price in New Hampshire is $445,100, up by 10.3% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 99.7%, with an increase of 0.8 pt YoY compared to January 2023.

Investors eyeing the New Hampshire real estate market may find promising opportunities with moderate growth forecasted. According to data, cities like Keene show a year-over-year price change of 0.1% as of January 31, 2024, with the expectation to increase to 1.1% by April 2024.

Overall, sold prices in Hampshire over the last year were 4% down on the previous year and 3% up on the 2021 peak of £396,784. Who provides this information? English and Welsh house price data is publicly available information produced by the HM Land Registry. This material was last updated on 10 July 2024.

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.

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.)

How to Get an MLS Listing Without a Realtor in New Hampshire? There is no direct way to list your property on the MLS without an agent. However, you can opt for a NH Flat Fee MLS listing service. With this listing, you can pay a small fee upfront instead of the 5% – 6% agent commission.

Requirements to Qualify for an Exemption in New Hampshire

Exclusion Limits: As an individual taxpayer, you can exclude up to $250,000 of capital gains from your income when selling your primary residence. If you're married and filing jointly, this exclusion doubles to $500,000.

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.

Unlike federal capital gains taxes, there is no capital gains tax in New Hampshire. In other words, there is not a state-level tax imposed on capital gains earned by individuals, businesses, or other legal entities.