Best places to buy rental properties in New Hampshire

February 10, 2022
● Written by
Teddy

New Hampshire

Investing in New Hampshire

New Hampshire, also known as "The Granite State" for its large granite quarries, is a small but important state. It's ranked the #4 state in median household income ($74K+) and experiences a steady GDP growth (~2.5%). If you're looking at New Hampshire for your next rental property, check out this post. The Nophin team crunched the numbers and a few if the best cities you should consider!

Statewide vacancy rates

NH Rental Vacancy Rate via Federal Reserve Bank of St. Louis

Manchester, NH

Manchester is the largest city in New Hampshire and is one of the best cities for small businesses according to CNNMoney.

  • Population: 115,644
  • Median household income: $62,087
  • Median 1-bedroom monthly rent: $1,485
  • Median listing home price: $345,000

Concord, NH

Concord is the capital and third most populated city of New Hampshire.

  • Population: 43,976
  • Median household income: $70,004
  • Median 1-bedroom monthly rent: $1,600
  • Median listing home price: $349,900

Nashua, NH

Nashua is the second largest ciy in New Hampshire and often described as the "Best Place to Live in America."

  • Population: 91,322
  • Median household income: $73,785
  • Median 1-bedroom monthly rent: $1,750
  • Median listing home price: $399,900

Dover, NH

Dover is the oldest town in New Hampshire and has a rich history and culture stemming to even before the founding of the US.

  • Population: 32,741
  • Median household income: $74,833
  • Median 1-bedroom monthly rent: $1,628
  • Median listing home price: $432,500

Portsmouth, NH

Portsmouth is a historic seaport on the western shore of New Hampshire.

  • Population: 21,956
  • Median household income: $78,712
  • Median 1-bedroom monthly rent: $2,875
  • Median listing home price: $732,000

Nophin is landlord banking and software for rental properties

With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!

Methodology

To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.

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Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

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