Although every New Hampshire town has had an increase in home values since the market hit bottom in 2012. Not all towns have rebounded equally. The list below outlines the 20 best NH towns for home value appreciaton since the housing crash, and the 20 worst NH towns for appreciation since the housing crash.
Surprisingly some NH towns still have a long way to go before they get back to their peak average sale price of 2006 and 2007. In fact none of the 20 worst NH towns have matched their previous peak in value. For example the average home price in Claremont in 2007 was $177,613, by 2017 it was $111,141 (it hit its low of $94,327 in 2013). Another New Hampshire town still struggling after the recession is Gorham. The average price for a home in Gorham in 2017 was only 66% of the average sale price at its peak in 2007 (Average home sale price in Gorham peaked in 2007 at $197,430, by 2017 it had bounced back up to $130,846).
In contrast to towns like Gorham and Claremont are the 20 best towns in New Hampshire for home value appreciation. These towns have not only met their pre-recession values they have surpassed them. For example; Stratham, Danville, and Portsmouth (all in Rockingham county) have surpassed their pre-recession peaks by 21% 22%, and 23% respectively.
The NH towns which have failed to recoup their home values both fell the farthest and have had a slower response to the improved economy. For example, the towns with the best rebound lost dropped to 76.3% of the previous high whereas the low performing towns dropped to 58.4% of their previous high at the bottom of the recession.
These towns do have an important role to play for both investors and low income households. You can not build a new home for anywhere near the price of an existing home in these depressed towns.
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