New Hampshire is a small flipping market with big dollar spreads. Investors flipped only about 691 homes in the 12 months to July 2026, 43rd among states, but at an average gross profit of $119,000 and a 29.3% gross ROI. Prices hit a record in July and homes still go under agreement in about three weeks. The catch is cost: New Hampshire has one of the highest combined transfer taxes in the country and high property taxes, and "no income tax" doesn't mean your flip profits are untaxed.
Here's what a New Hampshire flip looks like in 2026.
New Hampshire House Flipping in 2026 at a Glance
- National flip margin: 21.5% typical gross ROI and $60,526 typical gross profit in Q2 2026, down from 27.6% and $71,000 a year earlier (ATTOM)
- New Hampshire flips: about 691 flips in the 12 months to July 2026, with a 29.3% average gross ROI, about $119,000 average gross profit and 179 days to flip (BatchData)
- Statewide median: a record $580,000 for single-family homes in July 2026, up 5.5% year over year, on 1,532 sales, up 10.4% (NHPR)
- Inventory: 2,992 homes for sale, up 15.6%, but still only 2.7 months of supply (NHPR)
- Days on market: about 23 days to go under agreement, two days longer than a year earlier (NHPR)
- Transfer tax: $0.75 per $100 from both the buyer and the seller, 1.5% of the price in total (NHBR)
Why New Hampshire Flips Make Big Dollars but Cost a Lot
A 29.3% average gross ROI is right around BatchData's national average of 28.1%, but on New Hampshire prices it's about $119,000 per flip, well above the national average of $88,000. That's driven by a tight market: 2.7 months of supply is still a seller's market, even with inventory up.
But the costs come out of that spread fast:
- You pay transfer tax twice. As a flipper, you're the buyer on the way in and the seller on the way out. At $0.75 per $100 each time, that's 1.5% of your purchase plus 1.5% of your sale price, before commissions.
- Property taxes are high. New Hampshire funds most local government through property taxes, at about a 1.50% effective rate, so a six-month hold is expensive.
- Business taxes apply. There's no personal income tax on wages, but a flipping business can owe the 7.5% Business Profits Tax on its profits.
The takeaway: the resale market is strong, so the risk is in the cost stack, not the exit. Underwrite every tax and fee before you bid.
Where to Flip in New Hampshire: Metro by Metro
Figures come from different sources and periods, and county figures cover many towns, so treat them as a starting point and pull comps for the street.
Manchester
Manchester is the state's largest city and the core of its flipping activity. Redfin's January to March 2026 median was $500,000, down 0.7% after an 8.1% gain the year before. Older multifamily and single-family stock and steady demand from Boston-area commuters make it the most practical market for a value-add flip.
Nashua and Hillsborough County
Nashua sits in Hillsborough County, which posted a $585,000 single-family median in July with homes going under agreement in about 16 days. That's one of the fastest markets in the state. Being right on the Massachusetts border, Nashua draws buyers looking for lower taxes and prices than across the line, which supports a solid resale price on a well-finished flip.
Portsmouth and the Seacoast
Portsmouth and Rockingham County are the most expensive part of the state, with a $700,000 July median and about 18 days to agreement. The dollar spreads are the biggest here, but so are the purchase prices, transfer taxes and carrying costs. The Seacoast rewards higher-end finishes and punishes overbuilding for the street.
Concord
Concord and Merrimack County had a $535,000 median in June. The capital's state-government employment keeps demand steady, and prices sit below the southern-tier counties, which gives you a bit more room on the purchase.
Live New Hampshire Deals on Frontflip
Frontflip tracks auction and Opendoor homes in New Hampshire, updated daily. Open a market to see each deal on a map with its price and an instant investment report:
What a New Hampshire Flip Costs in 2026
- Financing: Hard money generally runs about 9.5% to 13% interest plus 1.5 to 3 points, and your resale buyer faces a 30-year mortgage around 6.7%.
- Transfer tax: $0.75 per $100 for the buyer and the same for the seller, with the rate unchanged since 1999 (Clever). On a $500,000 flip, that's $3,750 on the purchase side and more on the higher resale price.
- Property taxes: About 1.50% on average, but rates vary widely by town (Tax Foundation). Check the specific town's rate; it can swing your holding costs by thousands.
- Business taxes: The Business Profits Tax is a flat 7.5% (Tax Foundation), with a filing threshold of about $109,000 in gross business income, and the separate Business Enterprise Tax can apply too (Start Business by State). Talk to a New Hampshire CPA before your first flip closes.
- Insurance: One of the cheaper parts of the budget. NerdWallet's 2026 averages run about $840 to $1,080 a year depending on dwelling coverage. Vacant-property coverage costs more.
Run your numbers with Frontflip's New Hampshire rehab cost estimator and New Hampshire seller net sheet before you make an offer.
New Hampshire Rules Flippers Should Know
- Water, sewage and contaminant disclosures. Before the purchase contract is signed, sellers must disclose details about any private water supply and sewage system, including installation dates, malfunctions and the latest water test (RSA 477:4-c). Sellers must also give the state's radon, arsenic, lead and, since 2025, PFAS notices (Fox Rothschild).
- No state GC license, but licensed trades. New Hampshire doesn't license general contractors, but electricians, plumbers and gas fitters must be licensed through the state's Office of Professional Licensure and Certification (Housecall Pro). Pull local permits.
- No wholesaling statute, but licensing still applies. We didn't find a New Hampshire law specifically regulating contract assignments. State law makes it unlawful to act as a real estate broker without a license (RSA 331-A:3), so get legal advice before marketing contracts for a fee.
2026 Outlook for Flipping Houses in New Hampshire
Expect New Hampshire to stay a seller's market through the end of 2026. Prices are at records, inventory is rising but still under three months, and homes are selling in about three weeks. That's a strong exit environment. The challenge is finding deals at a discount in a market this tight, and absorbing the transfer taxes, property taxes and business taxes. Manchester and Nashua look like the best balance of price and demand.
Key Takeaways
- New Hampshire flips average about $119,000 gross profit and a 29.3% gross ROI, with only about 691 flips a year.
- The July 2026 median hit a record $580,000, with 2.7 months of supply.
- Flippers pay the $0.75 per $100 transfer tax on both the purchase and the sale.
- Property taxes average about 1.5%, and a flipping business can owe the 7.5% Business Profits Tax.
- Disclose water and septic details and deliver the radon, arsenic, lead and PFAS notices.
Frequently Asked Questions
Is flipping houses in New Hampshire profitable in 2026?
Yes, for investors who can find a discount. New Hampshire flips averaged about $119,000 gross profit over the 12 months to July 2026, but transfer taxes on both ends, high property taxes and business taxes take a meaningful share.
What is the best city to flip houses in New Hampshire?
Manchester has the most flipping activity and older housing stock to renovate, and Nashua offers fast sales near the Massachusetts border. Portsmouth has the biggest spreads but the highest prices.
Do you pay taxes on flipping houses in New Hampshire?
There's no personal income tax on wages, but a flipping business can owe the 7.5% Business Profits Tax and the Business Enterprise Tax, plus the transfer tax on every purchase and sale. Check with a New Hampshire CPA.
How much does it cost to flip a house in New Hampshire?
Beyond the purchase and rehab, plan for hard money around 9.5% to 13% plus points, about 1.5% a year in property taxes, 0.75% transfer tax on both your purchase and sale, insurance and commissions.
Looking for last year's numbers? See Key Stats 2025: Flipping Houses in New Hampshire Explained.
Curious what a Manchester flip would net after transfer taxes? Pull up the address in Frontflip and see the full scenario in seconds.