Department of Numbers

New Hampshire Residential Rent and Rental Statistics

The median monthly gross residential rent in New Hampshire was $1,017 in 2015 according to the Census ACS survey.1 Average gross rent was $1,018 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 New Hampshire median and average rent data will be released in September of 2017.

Data is also available below for New Hampshire rental vacancy rates, New Hampshire rent as a percent of median income and the fraction of renters in New Hampshire.

Show dollars as: Nominal Real

Real Gross Rent in New Hampshire (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
New Hampshire Median Gross Rent $1,017 +2.83% +4.85%

New Hampshire Real Gross Rent Trends

Median gross rent for New Hampshire peaked in real terms in 2008 at $1,020 and is now $3 (0.29%) lower. From a recent low of 956.0 in 2011, real median gross rent has now increased by $61 (6.38%). At $1,018, real average gross rent in New Hampshire was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in New Hampshire: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for New Hampshire

Date US Median New Hampshire Median New Hampshire Average
2015 $959 $1,017 $1,018
2014 $930 $989 $1,004
2013 $898 $988 $976
2012 $886 $970 $976
2011 $887 $956 $939
2010 $901 $1,002 $996
2009 $905 $986 $980
2008 $920 $1,020 $1,010
2007 $874 $988 $989
2006 $883 $997 $969
2005 $858 $1,006 $985

New Hampshire Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for New Hampshire was 3.36% according to Census ACS data.

Rental Vacancy Rate in New Hampshire

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
New Hampshire 3.36% -1.80% -2.25%

Trends in New Hampshire Rental Vacancy Rate

The rental vacancy rate in New Hampshire peaked in 2009 at 6.89%. Since then it has fallen by 3.53% to 3.36%. Data records for this series originated in 2005.

Rental Vacancy Rate: New Hampshire, US

Rental vacancy rate in New Hampshire

Historical Rental Vacancy Rate data for New Hampshire

Date US New Hampshire
2015 5.85% 3.36%
2014 6.32% 5.16%
2013 6.49% 5.14%
2012 6.77% 5.61%
2011 7.40% 4.33%
2010 8.17% 5.28%
2009 8.43% 6.89%
2008 7.86% 5.84%
2007 7.87% 5.28%
2006 7.70% 5.23%
2005 7.74% 6.85%

New Hampshire Rent as a Fraction of Income

Using median household income data for New Hampshire, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For New Hampshire, median monthly gross rent as a fraction of median household income was 17.36% in 2015 according to the ACS.

New Hampshire Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
New Hampshire 17.36% -0.57% -0.98%

Trends in New Hampshire Rent as a Fraction of Income

The fraction of median New Hampshire household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 18.70%. Since then it has fallen by 1.34% to 17.36%.

Fraction of Income towards Rent: New Hampshire, US

Percent of median household income going towards median monthly gross rent in New Hampshire

Historical Data for Annual Rent as a Fraction of Income in New Hampshire

Date US New Hampshire
2015 20.63% 17.36%
2014 20.89% 17.93%
2013 20.78% 18.59%
2012 20.65% 18.34%
2011 20.70% 17.99%
2010 20.50% 18.70%
2009 20.12% 18.19%
2008 19.00% 17.21%
2007 18.66% 17.16%
2006 18.90% 17.31%
2005 18.89% 18.05%

Renter Fraction in New Hampshire

You can calculate the renter fraction in New Hampshire in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in New Hampshire as a fraction of total New Hampshire households. In 2015 29.15% of households were renters according to Census ACS data.

New Hampshire Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
New Hampshire 29.15% -0.63% +0.01%

Trends in the New Hampshire Renter Fraction

The New Hampshire household renter fraction peaked in in 2013 at 29.85% and is now 0.70% below that level. The origin year for the series is 2005.

Fraction of Renting Households: New Hampshire, US

Fraction of renters in New Hampshire

History of New Hampshire Renter Fraction

Date US New Hampshire
2015 36.97% 29.15%
2014 36.90% 29.78%
2013 36.50% 29.85%
2012 36.09% 29.14%
2011 35.42% 28.54%
2010 34.65% 28.32%
2009 34.13% 27.46%
2008 33.36% 27.67%
2007 32.80% 25.89%
2006 32.73% 27.92%
2005 33.10% 27.00%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.