Merrimack County New Hampshire Residential Rent and Rental Statistics
The median monthly gross residential rent in Merrimack County NH was $1,038 in 2019 according to the Census ACS survey.1 Average gross rent in Merrimack County was $1,002 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 Merrimack County median and average rent data will be released in September of 2021.
Data is also available below for Merrimack County rental vacancy rates, Merrimack County rent as a percent of median income and the fraction of renters in Merrimack County.
Real Gross Rent in Merrimack 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% |
Merrimack County NH Median Gross Rent | $1,038 | +0.78% | 0.00% |
Merrimack County NH Real Gross Rent Trends
Median gross rent for Merrimack County peaked in real terms in 2017 at $1,071 and is now $33 (3.08%) lower. Average gross rent for Merrimack County peaked in real terms in 2008 at $1,065 and is now $63 (5.92%) lower.
Real Gross Rent: Merrimack County NH Median, Merrimack County NH Average, New Hampshire Median, US Median
Real Gross Rent History for Merrimack County
Date | US Median |
New Hampshire Median |
Merrimack County NH Median |
Merrimack County NH Average |
---|---|---|---|---|
2019 | $1,097 | $1,147 | $1,038 | $1,002 |
2018 | $1,077 | $1,110 | $1,030 | $1,018 |
2017 | $1,043 | $1,105 | $1,071 | $1,040 |
2016 | $1,027 | $1,074 | $1,038 | $1,028 |
2015 | $1,017 | $1,079 | $1,019 | $962 |
2014 | $986 | $1,049 | $1,031 | $1,017 |
2013 | $953 | $1,048 | $991 | $969 |
2012 | $940 | $1,029 | $924 | $960 |
2011 | $941 | $1,014 | $938 | $905 |
2010 | $955 | $1,063 | $997 | $1,024 |
2009 | $960 | $1,046 | $1,006 | $1,018 |
2007 | $927 | $1,048 | $1,032 | $1,016 |
2005 | $910 | $1,068 | $964 | $904 |
Merrimack 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 Merrimack County New Hampshire was 4.65% according to Census ACS data.
Rental Vacancy Rate in Merrimack 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% |
Merrimack County NH | — | — | — |
Trends in Merrimack County NH Rental Vacancy Rate
The rental vacancy rate in Merrimack County peaked in 2009 at 8.53%. Since then it has fallen by 3.88% to 4.65%. Data records for this series originated in 2005. From a 2016 post peak low of 1.64%, the rental vacancy rate has increased by 3.01%.
Rental Vacancy Rate: Merrimack County NH, New Hampshire, US
Historical Rental Vacancy Rate data for Merrimack County
Date | US | New Hampshire | Merrimack County NH |
---|---|---|---|
2019 | 5.97% | 4.45% | — |
2018 | 6.15% | 4.56% | 4.65% |
2017 | 6.18% | 3.52% | 4.21% |
2016 | 5.89% | 3.75% | 1.64% |
2015 | 5.85% | 3.36% | 1.66% |
2014 | 6.32% | 5.16% | 7.09% |
2013 | 6.49% | 5.14% | 8.36% |
2012 | 6.77% | 5.61% | 2.68% |
2011 | 7.40% | 4.33% | 2.33% |
2010 | 8.17% | 5.28% | 5.07% |
2009 | 8.43% | 6.89% | 8.53% |
2007 | 7.87% | 5.28% | 3.87% |
2005 | 7.74% | 6.85% | 5.39% |
Rent as a Fraction of Income
Using median household income data for Merrimack County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Merrimack County, median monthly gross rent as a fraction of median household income was 16.34% in 2019 according to the ACS.
Merrimack 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% |
Merrimack County NH | 16.34% | +0.17% | -0.77% |
Trends in Merrimack County NH Rent as a Fraction of Income
The fraction of median Merrimack County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 18.78%. Since then it has fallen by 2.44% to 16.34%.
Fraction of Income towards Rent: Merrimack County NH, New Hampshire, US
Historical Data for Annual Rent as a Fraction of Income in Merrimack County New Hampshire
Date | US | New Hampshire | Merrimack County NH |
---|---|---|---|
2019 | 20.03% | 17.66% | 16.34% |
2018 | 20.50% | 17.44% | 16.17% |
2017 | 20.13% | 17.53% | 17.62% |
2016 | 20.43% | 17.36% | 17.11% |
2015 | 20.63% | 17.36% | 16.82% |
2014 | 20.89% | 17.93% | 18.78% |
2013 | 20.78% | 18.59% | 17.20% |
2012 | 20.65% | 18.34% | 17.75% |
2011 | 20.70% | 17.99% | 15.73% |
2010 | 20.50% | 18.70% | 17.46% |
2009 | 20.12% | 18.19% | 16.81% |
2007 | 18.66% | 17.16% | 17.68% |
2005 | 18.89% | 18.05% | 17.32% |
Renter Fraction in Merrimack County New Hampshire
You can calculate the renter fraction in Merrimack 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 Merrimack County as a fraction of total Merrimack County households. In 2019 28.53% of households were renters according to Census ACS data.
Merrimack 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% |
Merrimack County NH | 28.53% | +4.23% | -1.43% |
Trends in the Merrimack County NH Renter Fraction
The Merrimack County household renter fraction peaked in in 2017 at 31.69% and is now 3.16% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Merrimack County NH, New Hampshire, US
History of Merrimack County Renter Fraction
Date | US | New Hampshire | Merrimack County NH |
---|---|---|---|
2019 | 35.89% | 29.04% | 28.53% |
2018 | 36.05% | 28.70% | 24.30% |
2017 | 36.13% | 30.20% | 31.69% |
2016 | 36.88% | 29.89% | 29.96% |
2015 | 36.97% | 29.15% | 28.90% |
2014 | 36.90% | 29.78% | 30.27% |
2013 | 36.50% | 29.85% | 27.26% |
2012 | 36.09% | 29.14% | 29.74% |
2011 | 35.42% | 28.54% | 23.50% |
2010 | 34.65% | 28.32% | 29.89% |
2009 | 34.13% | 27.46% | 27.31% |
2007 | 32.80% | 25.89% | 27.31% |
2005 | 33.10% | 27.00% | 25.00% |
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. ↩