Issues and Opportunities Assessed Building Value
Downtown Nashua ie GED $2,500-$142,100
GQ $142,:001 - $161,800
DOWNTOWN AREA NEIGHBORHOODS HAVE | Ge GOey _-seEEE s161.01 S180
POCKETS OF BUILDINGS WITH LOW / Se i 4 re a ll = ey at GD $183,001 - $215,000
ASSESSED VALUES. th, oi ORE em ove sso
The assessed value of a building can be a good
indicator for understanding the quality of the
structure and whether upgrades to the interior or
exterior have taken place. According to the City’s
Assessor Database, 73% of all residential
structures in the Downtown area have building
value of less than $200,000. Across the city, 57%
of residential structures have a building value of
less than $200,000.
The lower assessed values in the Downtown area
are likely attributable to the older structures
discussed on the previous page and that a large
majority of the properties are investor-owned
rentals. Households in the Downtown area also
have lower incomes which can make it more
challenging to invest in a home or property to
make necessary upgrades. The City should
prioritize housing rehab funds to help owners
and/or landlords with property maintenance and
upkeep.
Nashua Housing Study - 49 on ASSOCIATES INC
