New Hampshire Rental Portfolio Guide

What you need to know before building or growing a rental portfolio in New Hampshire — property tax burden, state income tax, security-deposit rule, source-of-income law, and the metros that actually cash-flow after accounting for local taxes.

Property tax rate
1.93%
Rank 49 / 51 (low → high)
Top state income tax
None
No state income tax
Security deposit cap
1 mo
see notes
Source-of-income law
Unknown

Tax burden on New Hampshire rentals

Property tax

1.93%

effective rate on median home value

At 1.93% effective, this is one of the highest property tax burdens in the country (rank 49 of 51). Every underwrite needs to account for the full carrying cost — even a strong rent-to-price ratio can go negative once property tax is properly modeled.

State income tax

None

top marginal rate

No state income tax means rental income and gains from sales flow through your federal return without a state surcharge. This is a structural tailwind for long-term portfolio compounding, especially if you plan to sell into gains later.

Security deposit rule

State law caps security deposits at 1 month' rent (with the qualifier noted below). Charging above the cap exposes the landlord to statutory damages in most states, so build lease templates that respect this ceiling from day one.

Note: 1 month or $100, whichever is greater; no cap for owner-occupied ≤ 5 units

Deposit rules change; verify current statute before drafting a lease.

Best cash-flow markets in New Hampshire

Modeled monthly cash flow on a median-priced single-family purchase at 20% down, 30-year fixed, using New Hampshire’s 1.93% effective property tax rate plus 25% of rent for insurance, maintenance, vacancy and management.

MarketMedian priceMedian rentAnnual property taxCF / month
Keene, NH$394,030$1,821$7,605$-1,334
Concord, NH$491,866$1,995$9,493$-1,874
Manchester, NH$526,340$2,136$10,158$-2,003
Laconia, NH$513,487$1,927$9,910$-2,073

State median across these metros: $502,676 home, $1,961 rent, $-1,938/mo modeled cash flow.

Track your New Hampshire rental portfolio

The Pro Portfolio Tracker rolls up every property in your portfolio, auto-revalues them monthly against local price data, and flags DSCR risk and equity milestones. Each New Hampshire property carries the state-specific tax burden shown above through to the cash flow calculation.

Property tax rate: Tax Foundation. Security deposit rule: state statute. Verify current law before making decisions — statutes change and this page is a planning reference, not legal or tax advice.