There’s a the age old question everyone thinks about when they decide to move to a city in New Hampshire:
Should I buy a place or rent?
Well, we aren’t here today to solve that problem for you exactly. We are just assuming you’ll do the right thing and a buy a place 😉
And while we are happy to tell you the best place to live in New Hampshire, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Granite State.
To do that we are going to look at places in New Hampshire that are growing faster than average, but where home prices are below average. In every day terms, the “deals”.
The best deal in New Hampshire at the moment? That would be Newport according to our analysis.
Here’s a look at the top ten places to buy a home in New Hampshire for 2019:
- Newport (Photos | Homes For Sale)
- Hooksett (Homes For Sale)
- Berlin (Photos | Homes For Sale)
- Conway (Homes For Sale)
- Rochester (Photos | Homes For Sale)
- Pinardville (Photos | Homes For Sale)
- Londonderry (Photos | Homes For Sale)
- Winchester (Homes For Sale)
- Suncook (Photos | Homes For Sale)
- East Merrimack (Homes For Sale)
The methodology that wen’t into this can be a bit complicated, so we’ll break it down for you in as much detail as we can below.
If you’re not worried about finding a deal on good places to live, check out the most expensive places to live in New Hampshire and, for those of you on a budget, the cheapest places to live in New Hampshire.
For more New Hampshire reading, check out:
- These Are The 10 Best Counties To Live In New Hampshire
- 10 Best Places To Raise A Family In New Hampshire
- These Are The 10 Best Places To Retire In New Hampshire
How do you determine the best places to buy a home in New Hampshire for 2019?
We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we’ve put a lot of thought into what goes into finding a good place to buy a home.
So all that thinking has come to this moment where we get to spell out how we’d approach finding an up-and-coming place to live in New Hampshire. Put differently, the analysis will try to find places in New Hampshire with undervalued homes relative to pent up demand.
To do that we looked at the most recent American Community Survey Census data for 2013-2017 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:
- Y-o-Y Change In Population (People want to live here)
- Y-o-Y Change In Median Home Prices (People are willing to pay for it)
- Home Prices Relative To The State Average (It’s still kinda cheap)
We want places that are growing, have seen home prices increase in recent years, and are still “cheap” for New Hampshire with the following caveats:
- Home prices had to be within 20% of the state average (Much lower than that and you get to some of the more dangerous places)
- Home prices increased in the last year, and
- Above 5,000 people (Bigger cities have more data points)
So of the 97 cities and towns in New Hampshire, only 41 places made it through our initial filters to even be considered.
We then ranked each place from 1 to 41 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a “best place to buy” index with the place having the lowest index being the best.
Turns out that Newport is the best potential gem in the not-so-rough in the Granite State.
Read on for more on these places.
Around 11,000 years ago, small groups of Native Americans camped around the area of what is now called Berlin. In later years, the Eastern Abenaki tribes came to Berlin to mine rhyolite on Mt. Jasper.
Rochester was once inhabited by Abenaki Indians of the Pennacook tribe. They fished, hunted and farmed, moving locations when their agriculture exhausted the soil for growing pumpkins, squash, beans and maize. Gonic was called Squanamagonic, meaning “the water of the clay place hill.”
In 1906, Edmond Pinard, a grocer by trade, developed real-estate holdings on the Manchester/Goffstown town line. Pinard was a French Canadian man who brought many French Canadians to the area. The area was known at the time as Pinards Ville. It has grown substantially since then, but many of the original families still live in the area.
Londonderry lies in an area that was first known as “Nutfield” because of the dense woods with nut trees. The town was settled in 1718 by Scots-Irish settlers, many of whom had left their homes in Londonderry in the Province of Ulster in the north of Ireland, and arrived in Boston in 1718 to start a new life without religious wars and persecution. In 1722, the town was chartered and given the name “Londonderry”.
There You Have It – The Best Places To Purchase A House In New Hampshire for 2019
There’s our analysis of the best places to buy a house in New Hampshire. And, to be clear, we aren’t necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.
In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 97 places in the state.
So if we’d could rent or buy in these cities, we’d definitely buy.
For more New Hampshire reading, check out:
Detailed List Of The Best Places To Buy A Home In New Hampshire