Grafton County New Hampshire Residential Rent and Rental Statistics
The median monthly gross residential rent in Grafton County NH was $992 in 2019 according to the Census ACS survey.1 Average gross rent in Grafton County was $1,076 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Grafton County median and average rent data will be released in September of 2021.
Data is also available below for Grafton County rental vacancy rates, Grafton County rent as a percent of median income and the fraction of renters in Grafton County.
Real Gross Rent in Grafton County New Hampshire (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| New Hampshire Median Gross Rent | $1,147 | +3.33% | +6.80% |
| Grafton County NH Median Gross Rent | $992 | -9.65% | +9.61% |
Grafton County NH Real Gross Rent Trends
Median gross rent for Grafton County peaked in real terms in 2018 at $1,098 and is now $106 (9.65%) lower. Average gross rent for Grafton County peaked in real terms in 2008 at $1,092 and is now $16 (1.47%) lower.
Real Gross Rent: Grafton County NH Median, Grafton County NH Average, New Hampshire Median, US Median
Real Gross Rent History for Grafton County
| Date | US Median |
New Hampshire Median |
Grafton County NH Median |
Grafton County NH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,147 | $992 | $1,076 |
| 2018 | $1,077 | $1,110 | $1,098 | $1,073 |
| 2017 | $1,043 | $1,105 | $927 | $906 |
| 2016 | $1,027 | $1,074 | $905 | $953 |
| 2015 | $1,017 | $1,079 | $907 | $979 |
| 2014 | $986 | $1,049 | $922 | $1,029 |
| 2013 | $953 | $1,048 | $909 | $956 |
| 2012 | $940 | $1,029 | $946 | $990 |
| 2011 | $941 | $1,014 | $934 | $999 |
| 2010 | $955 | $1,063 | $986 | $968 |
| 2009 | $960 | $1,046 | $1,028 | $1,066 |
| 2007 | $927 | $1,048 | $934 | $955 |
| 2005 | $910 | $1,068 | $855 | $884 |
Grafton County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Grafton County New Hampshire was 5.96% according to Census ACS data.
Rental Vacancy Rate in Grafton County New Hampshire
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New Hampshire | 4.45% | -0.11% | +0.70% |
| Grafton County NH | — | — | — |
Trends in Grafton County NH Rental Vacancy Rate
The rental vacancy rate in Grafton County peaked in 2006 at 10.01%. Since then it has fallen by 4.05% to 5.96%. Data records for this series originated in 2005.
Rental Vacancy Rate: Grafton County NH, New Hampshire, US
Historical Rental Vacancy Rate data for Grafton County
| Date | US | New Hampshire | Grafton County NH |
|---|---|---|---|
| 2019 | 5.97% | 4.45% | — |
| 2018 | 6.15% | 4.56% | 5.96% |
| 2017 | 6.18% | 3.52% | 8.68% |
| 2016 | 5.89% | 3.75% | 5.70% |
| 2015 | 5.85% | 3.36% | — |
| 2014 | 6.32% | 5.16% | — |
| 2013 | 6.49% | 5.14% | 5.45% |
| 2012 | 6.77% | 5.61% | 5.72% |
| 2011 | 7.40% | 4.33% | 9.00% |
| 2010 | 8.17% | 5.28% | 5.89% |
| 2009 | 8.43% | 6.89% | 9.74% |
| 2007 | 7.87% | 5.28% | 6.08% |
| 2005 | 7.74% | 6.85% | 4.56% |
Rent as a Fraction of Income
Using median household income data for Grafton County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Grafton County, median monthly gross rent as a fraction of median household income was 19.65% in 2019 according to the ACS.
Grafton County New Hampshire Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| New Hampshire | 17.66% | +0.22% | +0.30% |
| Grafton County NH | 19.65% | +0.14% | +2.79% |
Trends in Grafton County NH Rent as a Fraction of Income
The fraction of median Grafton County household income required to pay median monthly gross rent peaked in 2008 (relative to the 2005 series origin) at 21.07%. Since then it has fallen by 1.42% to 19.65%.
Fraction of Income towards Rent: Grafton County NH, New Hampshire, US
Historical Data for Annual Rent as a Fraction of Income in Grafton County New Hampshire
| Date | US | New Hampshire | Grafton County NH |
|---|---|---|---|
| 2019 | 20.03% | 17.66% | 19.65% |
| 2018 | 20.50% | 17.44% | 19.51% |
| 2017 | 20.13% | 17.53% | 16.75% |
| 2016 | 20.43% | 17.36% | 16.85% |
| 2015 | 20.63% | 17.36% | 17.63% |
| 2014 | 20.89% | 17.93% | 18.31% |
| 2013 | 20.78% | 18.59% | 18.37% |
| 2012 | 20.65% | 18.34% | 20.35% |
| 2011 | 20.70% | 17.99% | 20.43% |
| 2010 | 20.50% | 18.70% | 20.86% |
| 2009 | 20.12% | 18.19% | 20.59% |
| 2007 | 18.66% | 17.16% | 18.41% |
| 2005 | 18.89% | 18.05% | 17.63% |
Renter Fraction in Grafton County New Hampshire
You can calculate the renter fraction in Grafton 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 Grafton County as a fraction of total Grafton County households. In 2019 30.34% of households were renters according to Census ACS data.
Grafton County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| New Hampshire | 29.04% | +0.34% | -0.85% |
| Grafton County NH | 30.34% | -1.19% | +0.65% |
Trends in the Grafton County NH Renter Fraction
The Grafton County household renter fraction peaked in in 2013 at 34.28% and is now 3.94% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Grafton County NH, New Hampshire, US
History of Grafton County Renter Fraction
| Date | US | New Hampshire | Grafton County NH |
|---|---|---|---|
| 2019 | 35.89% | 29.04% | 30.34% |
| 2018 | 36.05% | 28.70% | 31.53% |
| 2017 | 36.13% | 30.20% | 30.57% |
| 2016 | 36.88% | 29.89% | 29.69% |
| 2015 | 36.97% | 29.15% | 30.38% |
| 2014 | 36.90% | 29.78% | 33.08% |
| 2013 | 36.50% | 29.85% | 34.28% |
| 2012 | 36.09% | 29.14% | 30.40% |
| 2011 | 35.42% | 28.54% | 31.33% |
| 2010 | 34.65% | 28.32% | 30.04% |
| 2009 | 34.13% | 27.46% | 27.98% |
| 2007 | 32.80% | 25.89% | 27.55% |
| 2005 | 33.10% | 27.00% | 30.38% |
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. ↩
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