Department of Numbers

Hillsborough County New Hampshire Residential Rent and Rental Statistics

The median monthly gross residential rent in Hillsborough County NH was $1,133 in 2017 according to the Census ACS survey.1 Average gross rent in Hillsborough County was $1,144 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 Hillsborough County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Hillsborough 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%
Hillsborough County NH Median Gross Rent $1,133 -0.61% +1.89%

Hillsborough County NH Real Gross Rent Trends

Median gross rent for Hillsborough County peaked in real terms in 2008 at $1,149 and is now $16 (1.39%) lower. From a recent low of 1032.0 in 2011, real median gross rent has now increased by $101 (9.79%). At $1,144, real average gross rent in Hillsborough County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hillsborough County

Date US
Median
New Hampshire
Median
Hillsborough County NH
Median
Hillsborough County NH
Average
2017 $1,012 $1,072 $1,133 $1,144
2016 $996 $1,042 $1,140 $1,130
2015 $987 $1,046 $1,139 $1,134
2014 $956 $1,018 $1,112 $1,120
2013 $924 $1,016 $1,084 $1,060
2012 $912 $998 $1,060 $1,048
2011 $912 $984 $1,032 $1,022
2010 $927 $1,031 $1,104 $1,089
2009 $931 $1,015 $1,082 $1,068
2008 $947 $1,050 $1,149 $1,131
2007 $899 $1,016 $1,109 $1,103
2006 $909 $1,025 $1,124 $1,106

Hillsborough County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Hillsborough County New Hampshire was 2.97% according to Census ACS data.

Rental Vacancy Rate in Hillsborough 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%
Hillsborough County NH 2.97% -0.55% -4.58%

Trends in Hillsborough County NH Rental Vacancy Rate

The rental vacancy rate in Hillsborough County peaked in 2005 at 10.89%. Since then it has fallen by 7.92% to 2.97%. Data records for this series originated in 2005.

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

Rental vacancy rate in New Hampshire

Historical Rental Vacancy Rate data for Hillsborough County

Date US New Hampshire Hillsborough County NH
2017 6.18% 3.52% 2.97%
2016 5.89% 3.75% 3.52%
2015 5.85% 3.36% 3.11%
2014 6.32% 5.16% 7.55%
2013 6.49% 5.14% 4.99%
2012 6.77% 5.61% 6.97%
2011 7.40% 4.33% 4.63%
2010 8.17% 5.28% 6.07%
2009 8.43% 6.89% 6.73%
2008 7.86% 5.84% 4.95%
2007 7.87% 5.28% 5.46%
2006 7.70% 5.23% 5.43%

Rent as a Fraction of Income

Using median household income data for Hillsborough County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hillsborough County, median monthly gross rent as a fraction of median household income was 17.26% in 2017 according to the ACS.

Hillsborough 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%
Hillsborough County NH 17.26% -0.41% -0.99%

Trends in Hillsborough County NH Rent as a Fraction of Income

The fraction of median Hillsborough County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 18.84%. Since then it has fallen by 1.58% to 17.26%.

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

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

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

Date US New Hampshire Hillsborough County NH
2017 20.13% 17.53% 17.26%
2016 20.43% 17.36% 17.67%
2015 20.63% 17.36% 17.87%
2014 20.89% 17.93% 18.25%
2013 20.78% 18.59% 18.84%
2012 20.65% 18.34% 17.84%
2011 20.70% 17.99% 17.75%
2010 20.50% 18.70% 17.90%
2009 20.12% 18.19% 18.14%
2008 19.00% 17.21% 17.34%
2007 18.66% 17.16% 17.26%
2006 18.90% 17.31% 17.06%

Renter Fraction in Hillsborough County New Hampshire

You can calculate the renter fraction in Hillsborough 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 Hillsborough County as a fraction of total Hillsborough County households. In 2017 34.46% of households were renters according to Census ACS data.

Hillsborough 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%
Hillsborough County NH 34.46% -2.06% +0.81%

Trends in the Hillsborough County NH Renter Fraction

The Hillsborough County household renter fraction peaked in in 2016 at 36.52% and is now 2.06% below that level. The origin year for the series is 2005.

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

Fraction of renters in Hillsborough County

History of Hillsborough County Renter Fraction

Date US New Hampshire Hillsborough County NH
2017 36.13% 30.20% 34.46%
2016 36.88% 29.89% 36.52%
2015 36.97% 29.15% 33.53%
2014 36.90% 29.78% 33.65%
2013 36.50% 29.85% 34.43%
2012 36.09% 29.14% 32.54%
2011 35.42% 28.54% 33.31%
2010 34.65% 28.32% 31.88%
2009 34.13% 27.46% 31.58%
2008 33.36% 27.67% 30.98%
2007 32.80% 25.89% 29.68%
2006 32.73% 27.92% 29.93%

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.