Derry Real Estate: What You Need to Know
If you’re looking to invest in real estate in the United States, Derry, New Hampshire, is a great place to start. Located in Rockingham County, Derry is a small town with a population of just over 33,000 people. Despite its size, Derry has a lot to offer in terms of real estate opportunities. In this article, we’ll cover everything you need to know about Derry real estate, from the local market trends to the best neighborhoods to invest in.
Local Market Trends
The Derry real estate market is currently experiencing a seller’s market, with low inventory and high demand. According to Zillow, the median home value in Derry is $327,000, which is a 9.5% increase from last year. The average price per square foot is $184, which is higher than the average for the Manchester-Nashua metro area. The average days on market is 27, which is lower than the national average of 47 days.
Best Neighborhoods to Invest In
If you’re looking to invest in Derry real estate, there are several neighborhoods that are worth considering. One of the most popular neighborhoods is East Derry, which is known for its historic homes and tree-lined streets. Another great neighborhood is Beaver Lake, which is located on the eastern side of town and offers a mix of single-family homes and condos. Other neighborhoods to consider include Island Pond, West Running Brook, and Windham Depot.
FAQs
Q: What is the average rent in Derry, NH?
A: The average rent for a one-bedroom apartment in Derry is $1,200 per month, while a two-bedroom apartment averages $1,500 per month.
Q: What are the property taxes like in Derry?
A: The property tax rate in Derry is $25.68 per $1,000 of assessed value. The average property tax bill in Derry is $6,500 per year.
Q: What are the best schools in Derry?
A: Derry has several highly rated schools, including Pinkerton Academy, which is one of the largest high schools in the state. Other top-rated schools include Ernest P. Barka Elementary School, Grinnell Elementary School, and Gilbert H. Hood Middle School.
Conclusion
Derry, New Hampshire, is a great place to invest in real estate. With a strong seller’s market and several great neighborhoods to choose from, there are plenty of opportunities for investors, homeowners, and first-time home buyers. Whether you’re looking for a historic home in East Derry or a modern condo in Beaver Lake, Derry has something for everyone. Keep these tips in mind as you navigate the Derry real estate market, and you’re sure to find the perfect property for your needs.
