Manchester NH Real Estate Total Ownership Cost - Mark Warden ...

Alec M. put together this map of the Manchester area to give us an idea of the all-inclusive total ownership cost of real estate per acre (raw land). There are some generalities and averages used, such as travel time from towns to Manchester, and the tax rates* are from 2007, but it gives a good overall picture of places to look for property within a short distance of Manchester.

* Note: Property tax rates vary widely by town. They can go up or down each year based on property value assessment trends and on town and school spending budgets. You?ll want to do your own research before committing to moving to a specific town. Porcupine Real Estate can help. For the latest list of tax rates by town, visit this link or read this document:?NH Property Tax Rates as of 1/5/2012.

The number in each town is the driving time to Manchester in minutes. Towns are color-coded based on the total up-front cost of land per acre ? including taxes. Part of this is the purchase price, and part of this is the money you would need to set aside and invest at 6% to be able to pay property taxes indefinitely. Cool colors are cheap, while hotter colors are more expensive. This correlates closely with population density (cool => rural, hot => urban).

Sources:

Source: http://porcupinerealestate.com/1088/manchester-nh-real-estate-total-ownership-cost/

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