Though already densely populated, this second largest city in New Hampshire still holds the record for being the best place to live in the Granite State. This is the reason why real estate in Nashua, NH is treated like a rare gem by those who want to experience the high quality of life the city provides to its residents.
Even real estate brokers, agents and exclusive buyer’s agents were more than surprised when the NH real estate market heated up in 2015. Nashua retirees who put their homes back on the market found them sold in just a few days. More than anything else, the fast turnover rate of homes for sale in Nashua is a clear indication of the increasing number of potential buyers.
This begs the question: what makes Nashua, NH so appealing to homebuyers?
It’s One of the ‘Best Places to Live in America’
Apparently, once is really not enough for the government and residents of Nashua, as it has been included in Money Magazine’s annual list of ‘best places to live in America’ three times since the list’s first publication.
Nashua, NH had actually topped that list twice (in the 1987 and 1998 publications), the only city that has successfully done so. The city made a recent appearance in the 2016 list with a rank of 16th. The annual list serves as a guide for homebuyers across the country. The magazine considers a total of 60 different factors (e.g. population, employment rate, crime rate, housing affordability, etc.) to get the most accurate ranking of places where an ordinary person can truly live well.
It Boasts of a Robust Economy
Nashua, NH has an undeniably strong economy with three distinct commercial districts that separate the downtown area, the shopping mall district, and the high technology industry region. Since the city collects neither sales nor income tax, most business owners, especially start-up companies, see the benefit of putting their headquarters within the city limits. The government even provides a one-stop shop for budding entrepreneurs where they can seek both technical support and financial resources to make their business booming successes.
The City Offers First-Class Quality of Life
With a median household income of $67,246, high quality of life for residents is almost guaranteed. While this amount is lower than the median household income of Hillsborough County, it’s still significantly higher than the national median, which is $53,889.
It also doesn’t hurt that Nashua is more technologically-advanced compared to its neighboring cities. This is largely thanks to the massive number of computer and software companies within the vicinity. As a result, employment in Nashua has been consistently growing at the rate of 2.3%.
Nerds and Geeks Are the City’s Kings and Queens
Education places high on the resident’s priority list with 91.2% of the population being high school graduates, 35% are degree holders, and 12.9% have a post-graduate degree. You will definitely appreciate the importance of this statistic if you take a look at the general profile of the 46,498 employees of Nashua.
The majority of Nashua workers are highly technical people, which shouldn’t come as a surprise given that the city’s biggest employers are in the healthcare, manufacturing, and information technology industry. For this reason, those who currently work for these industries are also among the highest paid employees in the city.
Its Population Is More Diverse than Other Cities
Compared to other New Hampshire cities where only a handful of the population is from other races/ethnicities, Nashua has a more diverse population profile. The city is composed of 75% Whites, 12.3% Hispanic, 8.1% Asian, and 2.9% Blacks.
More than the excellent quality of life, the government of Nashua provides its residents with all the right reasons to be proud citizens of the city. Its continuous economic and cultural growth simply makes it the ideal place for your whole family to live in.
Hire an exclusive buyer’s agent to make it easy to find the Nashua, NH real estate that is just right for you. Give us a call at Buyer’s Option Realty Services for a no-obligation consultation if you’re thinking about buying or selling Nashua NH real estate.603-881-3800.