New Hampshire Town Named Among Most Affordable Housing Hot Spots in America
Ahhh, the current housing market. If you've been looking for a home, you're probably aware that things can often be tricky these days. However, that's not the case in every zip code. If you're flexible with your wants and needs and are willing to live a little further away than you had ideally hoped for, things will likely get a bit easier for you, which leads to me this little hidden gem in New Hampshire.
Rochester, NH, sitting in the southern region of the Granite State, could be the perfect place to lay your hat if you work in the metro of Boston and don't mind the commute, especially if you only need to go to the office once or twice a week. According to realtor.com, Rochester is located about 90 minutes from Boston and ranked #3 in the country for the most affordable housing hot spots within America’s priciest metros.
The short version of how this information was gathered is Realtor.com essentially crunched the data related to home sales in specific zip codes within the vicinity of larger metros.
Yes, I know I said "vicinity" and although a daily 90-minute commute is not unheard of, a lot of workers would not consider that to be feasible. However, this goes back to what I mentioned at the beginning of this article. In most cases, the further out you are from a larger metro area, the more affordable homes are going to be.
For example, according to realtor.com, the median home price for a home in Rochester is $474,000. When using the same statistics, a home in Boston would be nearly double at $849,000.
Another example on a smaller scale, a home in South Portland, Maine, would likely run you between $500,000-$600.000, depending on things like location and condition of the home. If you were willing to drive about an hour to Limington, Maine, you would be looking more in the vicinity of $300,000-$400,000.
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