Metropolitan Statistical Area (MSA):
Keene, NH is a Metropolitan Statistical Area (MSA) comprising counties including Cheshire County.
There is no doubt that the Keene, NH metropolitan statistical area (MSA) has seen some incredible real estate trends over the past few years. The housing market in this region has been booming, and there is no sign of it slowing down anytime soon. Here are just a few of the most notable trends that have been taking place in the Keene MSA real estate market:
1. Home prices are on the rise – Over the past few years, home prices in the Keene MSA have been steadily increasing. In fact, according to Zillow, the median home value in this region is currently $259,700, which is up nearly 8% from last year. This trend is expected to continue as more and more people are looking to purchase homes in this desirable area.
2. More people are moving to Keene – The population in Keene has been growing rapidly in recent years, thanks largely to its strong economy and desirable quality of life. This population growth has had a direct impact on the housing market as more people are competing for limited inventory. As a result, we’re seeing bidding wars and homes selling for above asking price becoming increasingly common occurrences.
3. Rental prices are also on the rise – Due to high demand from both residents and businesses, rental prices have also been rising steadily throughout the Keene MSA. According to Yardi Matrix data, average rent for an apartment in this region is now $1,471 per month, which is up nearly 4% from last year’s average rent of $1,417 per month.
There’s no question that these trends have had a major impact on the real estate market in Keene over recent years. If you’re thinking about buying or selling a home in this region, it’s important to be aware of these trends so you can make informed decisions about your transaction.