This is a tough question to answer as it has multiple things to factor into it. For example, you mention Manchester as "not great" yet I have done incredibly well there and could show you a ton of economic factors that show why Manchester works. Conversely, others may prefer a different area. Without all the context of your situation, I think this is too hard to answer directly.
This is a tough question to answer as it has multiple things to factor into it. For example, you mention Manchester as "not great" yet I have done incredibly well there and could show you a ton of economic factors that show why Manchester works. Conversely, others may prefer a different area. Without all the context of your situation, I think this is too hard to answer directly.
I agree with @Michael Ketchen. If the vacancy rate is low, there are jobs close by, and the numbers work then it is worth the investment. We are in the tri-cities and plan on continuing to invest locally. Good luck!
@Harriet Spencer What types of investments are you considering? Depending on what you're leaning towards (multifamily? airbnb? condo? SF rental?), different areas of the state will be better suited than other areas.
Like @Michael Ketchen said, he (and many other investors) have experienced great success in the Manchester multifamily market, and opportunities still pop up every day.
Different areas do different things. I opened a coworking space in Londonderry because the commercial market is doing very well and growing. I just don't buy and hold up here because of property taxes.