Projections on Markets in Manchester and Rochester NH or Others

[Marielle Walter]

I am looking at buying investment property in Manchester or Rochester, NH, and they are much lower cost than where I am (DC), and I hear they are expected to grow significantly. Does anyone have information about expected appreciation, best neighborhoods, etc.? Recommendations around either location or others in New Hampshire would be appreciated. I am looking at buying duplex/triplex and owner occupy the first year so I am able to buy with 5% down. 

[Zachary Richards]

I don't know the Rochester area very well but I've lived near and in Manchester, NH my entire life so I know the Manchester and surrounding markets very well. Manchester can be "rough" in parts but exactly how rough depends on what you are used to. There are some neighborhoods on the east and west sides that I would avoid, but there are a lot of really nice neighborhoods in the city as well.

For the east side, I would primarily avoid the rectangular-ish area formed by Elm St, Cilley Rd, Belmont St, and Salmon St. With some areas in the northeast corner of this area that are nice.

On the west side I'd avoid most of the Rimmon heights area. 

There are good deals to be had in this area but since you're going to owner occupy these are the areas where I personally would not want to live. 

If you want my take on any specific property you're looking at please feel free to PM me. I'm happy to help.