Department of Numbers

New Hampshire Residential Rent and Rental Statistics

The median monthly gross residential rent in New Hampshire was $1,026 in 2016 according to the Census ACS survey.1 Average gross rent was $1,034 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 New Hampshire median and average rent data will be released in September of 2018.

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 (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
New Hampshire Median Gross Rent $1,026 -0.39% +2.50%

New Hampshire Real Gross Rent Trends

Median gross rent for New Hampshire peaked in real terms in 2008 at $1,034 and is now $8 (0.77%) lower. From a recent low of 969.0 in 2011, real median gross rent has now increased by $57 (5.88%). At $1,034, real average gross rent in New Hampshire was at its highest level in 2016 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
2016 $981 $1,026 $1,034
2015 $972 $1,030 $1,031
2014 $942 $1,002 $1,017
2013 $910 $1,001 $989
2012 $898 $982 $989
2011 $898 $969 $951
2010 $912 $1,015 $1,010
2009 $916 $999 $993
2008 $932 $1,034 $1,024
2007 $885 $1,001 $1,002
2006 $895 $1,010 $982
2005 $869 $1,020 $998

New Hampshire Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for New Hampshire was 3.75% according to Census ACS data.

Rental Vacancy Rate in New Hampshire

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
New Hampshire 3.75% +0.39% -1.39%

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 3.14% to 3.75%. Data records for this series originated in 2005. From a 2015 post peak low of 3.36%, the rental vacancy rate has increased by 0.39%.

Rental Vacancy Rate: New Hampshire, US

Rental vacancy rate in New Hampshire

Historical Rental Vacancy Rate data for New Hampshire

Date US New Hampshire
2016 5.89% 3.75%
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 2016 according to the ACS.

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

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
New Hampshire 17.36% -0.00% -1.23%

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
2016 20.43% 17.36%
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 2016 29.89% of households were renters according to Census ACS data.

New Hampshire Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
New Hampshire 29.89% +0.74% +0.04%

Trends in the New Hampshire Renter Fraction

At 29.89%, the 2016 household based renter fraction in New Hampshire was at its highest 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
2016 36.88% 29.89%
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.