Metropolitan Statistical Area (MSA):
There is no doubt that the Claremont-Lebanon, NH-VT metropolitan statistical area (MSA) has seen some major changes in the housing market over the past few years. The most notable trend has been the rise in prices for both buyers and renters alike.
For those looking to purchase a home, the average price has increased significantly. In fact, according to data from Zillow, the median home value in Claremont is now $247,700, which is a nearly 9% increase from just one year ago. And, it doesn't seem like this trend is slowing down anytime soon either.
Renters are also feeling the squeeze as prices have continued to rise steadily over the past few years. According to Apartment List, the average rent for a one-bedroom apartment in Claremont is now $1,170 per month - a 5% increase from last year.
With prices continuing to rise, many residents are being priced out of the market entirely. This is especially true for those who are on a fixed income or have low-wage jobs. As a result, many people are forced to move further away from Claremont in search of more affordable housing options.
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