Investing in an area with low vacancy rates but no industry

[Matthew Ferguson]

There are many locations in NH west of major cities with appealing vacancy rates and low prices. (C) type area. The demand is high for rentals but appreciation values seem stagnant. Thoughts on investing in these type of areas?

[Ann Bellamy]

The vacancy rates in Jaffrey are low because they are low almost everywhere.  A rising tide lifts all boats.  The issue with Jaffrey is there is still not much in the way of jobs when the economy takes a turn for the worse.  My very first rental was in Jaffrey.  The tenant base is not wonderful.  You may have mostly section 8.   Personally, if I were going to invest in Jaffrey, I'd consider rehabbing and flipping duplexes right now.  You may have another year or so with this run of the economy.   I'd also consider Keene before Jaffrey, as the college provides lots of opportunity and activity. 

Just my personal opinion.