Real Estate Relocation Guide To New Hampshire

Relocating from Chicago to New Hampshire is a major move. You’re crossing state lines and heading 1,000 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Manchester or Hanover you can get a good idea of the New Hampshire landscape and locate the best area for you and your family.

We’ll start with the big picture… New Hampshire has an estimated population of 1.3 million* and around 8,900 square miles of land. The total number of housing units is 589,840, of which about 363,600 are owner-occupied and 140,800 are inhabited by renters. Roughly 85,300, or 14.5 percent, of the residences in the state are vacant. The median home value in New Hampshire is $253,200 and the median household income is $59,683. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of New Hampshire, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what New Hampshire real estate has to offer…

About 7,000 homes in New Hampshire are new construction, developed in 2005 or after (another 37,300 were put up between 2000 and 2004). New Hampshire has its share of vintage charm as well with 140,700 residences built prior to 1940. The total number of detached, single-family houses across the state is 370,700, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Granite State, monthly mortgage costs in [Alabama] generally hover between $1,000 and 2,000+.

Relocation Resources

Mary Chamberlin
Hal Sheeler, Dartmouth, Sunapee, Upper Valley, New Hampshire, Vermont, Real Estate.

Ted Andress
New Hampshire real estate

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com