In contrast, Massachusetts has an income tax rate of 5% and charges an additional 4% on income over $1,000,000. While the 4% property tax isn’t a problem for most people, workers making $100,000 a year can shave $5,000 off their tax liability by simply moving to New Hampshire. More importantly, with an annual income of $100,000, they are closer to buying a home in Manchester than in Boston.

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Data from the Mortgage Research Center shows that buyers need to earn a median salary of $108,000 to afford a $400,000 mortgage. According to the U.S. Census, the median household income in Boston is $96,931. When you take these two data points into account, it makes sense that the Manchester property market is in turmoil. The train ride from Manchester to Boston takes just over an hour, and shoppers get a lot more for their money in New Hampshire.

It’s worth noting that the second hottest city on Zillow’s top 10 list is tiny Rockford, Illinois, where you can buy a home for just $157,000. This follows a trend from last year, when cities like Buffalo, New York, Columbus, Ohio and Indianapolis, Indiana made the top 10 list. What all of these cities have in common is that property prices are below the national average. American home buyers are still voting with their wallets.

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The changing interest rate environment has created an incredible opportunity for income investors to earn huge returns, but not through dividend stocks… Certain private market real estate investments offer retail investors the opportunity to capitalize on these high-yield opportunities, and Benzinga has identified some of the most attractive options that you should consider.

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Don’t miss this opportunity to benefit from high-yield investments when interest rates are high. Check out Benzinga’s favorite high-yield picks.

This article This idyllic New England town is America’s hottest real estate market – and homes are available for $415,000 – half the price of nearby Boston, originally appeared on Benzinga.com