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
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
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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.