Department of Numbers

Cheshire County New Hampshire Residential Rent and Rental Statistics

The median monthly gross residential rent in Cheshire County NH was $943 in 2017 according to the Census ACS survey.1 Average gross rent in Cheshire County was $890 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Cheshire County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Cheshire County New Hampshire (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
New Hampshire Median Gross Rent $1,072 +2.88% +5.30%
Cheshire County NH Median Gross Rent $943 +9.40% -0.95%

Cheshire County NH Real Gross Rent Trends

Median gross rent for Cheshire County peaked in real terms in 2008 at $1,014 and is now $71 (7.00%) lower. From a recent low of 862.0 in 2016, real median gross rent has now increased by $81 (9.40%). Average gross rent for Cheshire County peaked in real terms in 2012 at $1,013 and is now $123 (12.14%) lower. From a recent low of 831.0 in 2013, real average gross rent has now increased by $59 (7.10%).

Real Gross Rent: Cheshire County NH Median, Cheshire County NH Average, New Hampshire Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cheshire County

Date US
Median
New Hampshire
Median
Cheshire County NH
Median
Cheshire County NH
Average
2017 $1,012 $1,072 $943 $890
2016 $996 $1,042 $862 $866
2015 $987 $1,046 $979 $1,013
2014 $956 $1,018 $952 $941
2013 $924 $1,016 $889 $831
2012 $912 $998 $982 $1,013
2011 $912 $984 $909 $917
2010 $927 $1,031 $991 $998
2009 $931 $1,015 $985 $908
2008 $947 $1,050 $1,014 $918
2007 $899 $1,016 $962 $971
2006 $909 $1,025 $960 $854

Cheshire County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Cheshire County New Hampshire was 4.25% according to Census ACS data.

Rental Vacancy Rate in Cheshire County New Hampshire

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
New Hampshire 3.52% -0.23% -1.64%
Cheshire County NH

Trends in Cheshire County NH Rental Vacancy Rate

The rental vacancy rate in Cheshire County peaked in 2009 at 8.30%. Since then it has fallen by 4.05% to 4.25%. Data records for this series originated in 2005.

Rental Vacancy Rate: Cheshire County NH, New Hampshire, US

Rental vacancy rate in New Hampshire

Historical Rental Vacancy Rate data for Cheshire County

Date US New Hampshire Cheshire County NH
2017 6.18% 3.52%
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% 4.25%
2011 7.40% 4.33%
2010 8.17% 5.28%
2009 8.43% 6.89% 8.30%
2008 7.86% 5.84%
2007 7.87% 5.28%
2006 7.70% 5.23% 1.48%

Rent as a Fraction of Income

Using median household income data for Cheshire County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cheshire County, median monthly gross rent as a fraction of median household income was 18.47% in 2017 according to the ACS.

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

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
New Hampshire 17.53% +0.17% -0.40%
Cheshire County NH 18.47% +0.40% -1.23%

Trends in Cheshire County NH Rent as a Fraction of Income

The fraction of median Cheshire County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.84%. Since then it has fallen by 4.36% to 18.47%.

Fraction of Income towards Rent: Cheshire County NH, New Hampshire, US

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

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

Date US New Hampshire Cheshire County NH
2017 20.13% 17.53% 18.47%
2016 20.43% 17.36% 18.08%
2015 20.63% 17.36% 18.49%
2014 20.89% 17.93% 19.70%
2013 20.78% 18.59% 20.10%
2012 20.65% 18.34% 20.31%
2011 20.70% 17.99% 19.27%
2010 20.50% 18.70% 22.84%
2009 20.12% 18.19% 20.55%
2008 19.00% 17.21% 19.88%
2007 18.66% 17.16% 18.47%
2006 18.90% 17.31% 19.86%

Renter Fraction in Cheshire County New Hampshire

You can calculate the renter fraction in Cheshire County 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 Cheshire County as a fraction of total Cheshire County households. In 2017 30.10% of households were renters according to Census ACS data.

Cheshire County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
New Hampshire 30.20% +0.31% +0.42%
Cheshire County NH 30.10% -3.47% -0.85%

Trends in the Cheshire County NH Renter Fraction

The Cheshire County household renter fraction peaked in in 2016 at 33.57% and is now 3.47% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Cheshire County NH, New Hampshire, US

Fraction of renters in Cheshire County

History of Cheshire County Renter Fraction

Date US New Hampshire Cheshire County NH
2017 36.13% 30.20% 30.10%
2016 36.88% 29.89% 33.57%
2015 36.97% 29.15% 29.05%
2014 36.90% 29.78% 30.95%
2013 36.50% 29.85% 28.40%
2012 36.09% 29.14% 27.19%
2011 35.42% 28.54% 30.71%
2010 34.65% 28.32% 32.44%
2009 34.13% 27.46% 26.38%
2008 33.36% 27.67% 29.25%
2007 32.80% 25.89% 27.86%
2006 32.73% 27.92% 31.11%

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.