Insufficient rental inventory fuels low vacancy rate, median rent increase >Lloyd’s Hills Apartments, a 28-unit project in Bethlehem, built by Affordable Housing Education and Development. John Tully
Published: 7/24/2021 9:06:17 PM
Rental vacancies are still on the floor and median rents are climbing, according to the 2021 New Hampshire Residential Rental Cost Survey Report published Thursday by the New Hampshire Housing Finance Authority (NHHFA).
“Unfortunately, in many ways, there’s not a lot that’s very surprising here. This is very consistent with what we’ve seen for many years,” said Dean Christon, executive director of the NHHFA.
The vacancy rate is sitting at 0.6% presently. Christon said anything lower than 2% is considered a fluctuation in turnover, and 5% is considered balanced. By contrast, both the U.S. and Northeast vacancy rates are 6.8%.
Insufficient rental inventory fuels low vacancy rate, median rent increase nhbr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nhbr.com Daily Mail and Mail on Sunday newspapers.
More tenants at Concord’s Cranmore Ridge given ultimatum – pay more for a new apartment or move out
Dean Christensen has lived at the Cranmore Ridge complex with his wife and four-year-old daughter, Grace, for almost three years, but they have already started packing, ontheir way to Fort Myers, Florida, where he found nice apartment in a gated community for less than $1000 a month. GEOFF FORESTER Monitor staff
Dean Christensen has lived at the Cranmore Ridge complex with his wife and four-year-old daughter for almost three years, but they have been packing for a move to Fort Myers, Florida, where he found an apartment for less than $1,000 a month. GEOFF FORESTER photos / Monitor staff