Manchester, NH: Queen City
The seat of Hillsborough County, Manchester has an estimated population of 115,644 residents. It is the most populous city in New Hampshire as well as all of northern New England. Manchester is known for its livability and affordability, appearing regularly in ranking lists that measure such factors. In addition, the city is also favored for its education and small business environment.
Manchester is also home to several arts facilities and cultural landmarks. These include the Palace Theatre, the New Hampshire Institute of Art, the Zimmerman House, the Currier Museum of Art, the John F. Kennedy Memorial Coliseum, and Valley Cemetery. Its arts scene is bolstered by many new students enrolling at the New Hampshire Institute of Art, the University of New Hampshire at Manchester, and Southern New Hampshire University.
As for outdoor activities, Manchester does not disappoint. The city boasts many parks and open spaces as well as notable attractions such as the McIntyre Ski Area, Massabesic Lake, Charmingfare Farm, Stark Park, and Amoskeag Falls.
How Is Manchester’s Rental Market?
In Manchester, there is a bustling rental market. The city boasts a sizable renter population, with 56% of its residents renting their homes. The median listing price for a home in this city is $325,000, though prices can go as high as $3 million.
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What else makes Manchester a desirable place for rental property owners? Here, landlords can earn a good rental income. In 2019, the median rent in Manchester was $1,262, which was significantly higher than the national median’s $1,097. This was also higher than the state median at the time.
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Additionally, Manchester does not have a high vacancy rate. The city had a vacancy rate of 3.01% in 2019. In comparison, the national vacancy rate at the time was 5.97% and the state vacancy rate was 4.45%. Beyond that, New Hampshire does not have rent control laws.
How a Manchester Property Management Company Can Help
Manchester is attracting more and more property investors thanks to the state of its rental market. Buying property is one thing, but managing one is an entirely different ballgame. Rental property management comes with a world of responsibilities, including finding tenants, enforcing the lease, and collecting rent. It also involves careful maintenance and repairs. For many, the job simply isn’t worth the time.
Enter a Manchester rental management company. With help from experienced professionals, you can ensure your rental property is always up to standard. What can a management company do for you?
- Advertise your listing
- Screen and process tenants
- Oversee property showings
- Set and collect rent
- Create a lease agreement
- Perform move-in, move-out, and routine inspections
- Enforce your lease terms
- Manage maintenance and repairs
- Respond to tenant complaints
- Manage your budget
- Help with tax calculations
- File evictions
Get the Best Property Management in Manchester
Manchester is a fairly big city, so finding the right property management company can be difficult. Make the search process easier with the help of Rental Choice. Our comprehensive online directory supplies you with a pool of trusted candidates. Browse by city or state and use the contact details we provide to get in touch with each company.