Haverhill Multi-Family Homes
Haverhill, located on the New Hampshire border in Essex County, is 35 miles north of Boston. The city is being redeveloped with the addition of new shopping, dining, and loft apartments.
Neighborhoods
- The Rocks Village neighborhood, with a median real estate price of $408,959, is among the 48.8-percent highest-priced neighborhoods in the state and 20.2-percent highest-priced neighborhoods in the country. The average rental price, at $1,211, is higher than 15.5-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom townhomes. Most housing units are owner-occupied and were built between 1970 and 1999 and before 1939. There is a vacancy rate of 8.8-percent. The average commute time is 15 to 30 minutes.
- The Ayers Village neighborhood, with a median real estate price of $376,017, is among the 55.6-percent highest-priced neighborhoods in the state and 24.4-percent highest-priced neighborhoods in the country. The average rental units, at $1,541, is higher than 35.0-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom townhomes. Most housing units are owner-occupied and were built between 1970 and the present. There is a low vacancy rate of 3.2-percent. The average commute time is between 15 and 30 minutes.
- The Kenoza Avenue and Concord Street neighborhood, with a median real estate price of $360,560, is among the 57.9-percent highest-priced neighborhoods in the state and 23.8-percent highest-priced neighborhoods in the country. The average rental price, at $1,858, is higher than 56.5-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and small apartment buildings. Most housing units are owner-occupied and were built before 1939 and between 1940 and 1969. There is a vacancy rate of 5.7-percent. The average commute time is 15 to 30 minutes.
- The Zion Bible College and Salem Street neighborhood, with a median real estate price of $366,550, is among the 57.8-percent highest-priced neighborhoods in the state and 23.9-percent highest-priced neighborhoods in the country. The average rental price, at $2,373, is higher than 82.5-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and small apartment buildings. Most housing units are owner-occupied and were built before 1939 or between 1970 and 1999. There is a low vacancy rate of 3.5-percent. The average commute time is between 15 and 30 minutes.
- The Rosemont neighborhood, with a median real estate price of $339,835, is among the 63.3-percent highest-priced neighborhoods in the state and 26.7-percent highest-priced neighborhoods in the country. The average rental price, at $1,700, is higher than 45.0-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, small apartment complexes, and high-rise apartments. Most housing units are owner-occupied and were built between 1940 and 1999. There is a low vacancy rate of 2.0-percent much of which, 15.1-percent, is seasonal. The average commute time is 15 minutes.
- The Riverside neighborhood, with a median real estate price of $327,349, is among the 34.2-percent highest-priced neighborhoods in the state and 34.2-percent highest-priced neighborhoods in the country. The average rental price, at $1,668, is higher than 44.6-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, small apartment buildings. Most housing units are owner-occupied. They were built before 1939 or between 1940 and 1969. There is a vacancy rate of 7.6-percent. The average commute time is between 30 and 45 minutes.
- The Primrose Street and Main Street neighborhood, with a median real estate price of $307,394, is among the 70.1-percent highest-priced neighborhoods in the state and 70.1-percent highest-priced neighborhoods in the country. The average rental price, at $2,017, is higher than 66.7-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes or studio to two-bedroom, small apartment buildings. Most housing units are a mixture of owner-occupied and renter-occupied. They were built before 1939 or between 1940 and 1969. There is a low vacancy rate of 7.4-percent. The average commute time is between 15 and 30 minutes.
- The Ward Hill neighborhood, with a median real estate price of $302,061, is among the 70.8-percent highest-priced neighborhoods in the state and 33.6-percent highest-priced neighborhoods in the country. The average rental price, at $1,616, is higher than 29.5-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes and studio to two-bedroom apartment complexes and high-rise apartments. Most housing units are a mixture of owner-occupied and renter-occupied and were built between 1940 and 1999. There is a vacancy rate of 5.6-percent. The average commute time is between 15 and 30 minutes.
- The Bradford neighborhood, with a median real estate price of $281,101, is among the 75.7-percent highest-priced neighborhoods in the state and 75.7-percent highest-priced neighborhoods in the country. The average rental price, at $1,805, is higher than 54.5-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes and studio to two-bedroom small apartment buildings. Most housing units are a mixture of owner-occupied and renter-occupied and were built before 1939 and between 1940 and 1969. There is a vacancy rate of 9.3-percent. The average commute time is between 15 and 30 minutes.
- The Hillsdale Avenue and Monument Street neighborhood, with a median real estate price of $276,983, is among the 76.6-percent highest-priced neighborhoods in the state and 76.6-percent highest-priced neighborhoods in the country. The average rental price, at $1,672, is higher than 43.1-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom, single-family homes and studio to two-bedroom small apartment buildings. Most housing units are a mixture of owner-occupied and renter-occupied and were built between 1970 and 1999 and before 1939. There is a low vacancy rate of 1.7-percent. The average commute time is between 15 and 30 minutes.
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This is a medium-sized city with 62,873 residents who work in a mixture of white-collar and blue-collar jobs with the fields of computers and mathematics employing more residents than 95-percent of the cities across the country. With 27.85-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $31,165, and $62,751 was the median household income. The average commute is 29 minutes.
Of the 23,781 housing units, 58.6-percent are owner-occupied with a median home value of $302,061 and a vacancy rate of 6.6-percent. Since 2000, real estate values have appreciated 47.79-percent for an annual average of 2.19-percent. While 39.8-percent of the housing units are single-family homes, the housing units also include 11.7-percent townhomes, 25.4-percent small apartment buildings, 22.9-percent apartment complexes, and 0.1-percent mobile homes. At 41.5-percent, most of the housing units were built before 1939 with 18.4-precent built between 1940 and 1969, 32.9-percent built between 1970 and 1999, and 7.2-percent built since 2000. The average rent is $1,668.
This city is a good market for investment in multi-family housing. However, with all the variations in the neighborhoods and all the possibilities, including the new lofts, it would be best to get some guidance from one of our agents. Our agents know the area and can advise you on what properties should give you the best return on your investment and the best occupancy rate. With our large database, our agents can provide you with a list of properties from which to choose in this city. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. In a market such as this, hiring one of our agents protects your investment.
To sell your property in this city quickly at the best possible price, our agents can help you set a price with a negotiable range and create a marketing plan for you. Our large database will provide access to more potential buyers. When you receive offers, our agent will be able to investigate the ability of potential buyers to close quickly. They can help you avoid buyers, who need to sell property before they can close. If their other property does not sell, they may default on the closing and cost you another potential buyer who may have bought other property. So let one of our agents help you sell your property quickly at a good price.
In this market with so many options, contact us to buy or list a multi-family property in Haverhill.
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