Hanover is home to Dartmouth College, attracting consistent student housing demands for rental properties near campus. Its thriving bioscience sectors, along with New Hampshire's business tax advantages and talent accessibility, contribute to the local and state economy significantly. Hanover shows potential for profitability in residential and commercial real estate investments.
Manchester is the most populous city in New Hampshire and is close to major U.S. metros, Boston, New York City, and Philadelphia. Its unique location makes it an attractive area for those who want proximity to these metropolitan areas but don't want to live directly in them.
New Hampshire's average price for real estate is $436,752 and has over 1 million residents. While the property pricing median is relatively higher than other states, New Hampshire has no state income tax and is one of the wealthiest states in the U.S.
According to the U.S. Census Bureau, New Hampshire's median household income is $83,449, higher than the national average of $69,021. Retirees often move to New Hampshire because of its coastal landscapes and no tax on earned retirement income, including pensions and Social Security benefits.
New Hampshire's key industries are advanced manufacturing, life sciences, technology, and tourism. It's home to world-class research institutions for R&D in lifesaving drugs, medical device manufacturing, and technology. The Granite State's thriving tourism and hospitality sectors also fuel the state economy with outdoor recreation, restaurants, and vacation rentals.
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