Manchester New Hampshire Residential Rent and Rental Statistics
The median monthly gross residential rent in Manchester, NH (the Manchester-Nashua metro area) was $1,262 in 2019 according to the Census ACS survey.1 Average gross rent in Manchester was $1,227 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 Manchester median and average rent data will be released in September of 2021.
Data is also available below for Manchester rental vacancy rates, Manchester rent as a percent of median income and the fraction of renters in Manchester.
Real Gross Rent in Manchester 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% |
| Manchester, NH Median Gross Rent | $1,262 | +6.41% | +7.31% |
Manchester, NH Real Gross Rent Trends
At $1,262, real median gross rent in Manchester was at its highest level in 2019 since the series began in 2005. At $1,227, real average gross rent in Manchester was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Manchester: Manchester NH Median, Manchester NH Average, New Hampshire Median, US Median
Real Gross Rent History for Manchester
| Date | US Median |
New Hampshire Median |
Manchester, NH Median |
Manchester, NH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,147 | $1,262 | $1,227 |
| 2018 | $1,077 | $1,110 | $1,186 | $1,188 |
| 2017 | $1,043 | $1,105 | $1,168 | $1,180 |
| 2016 | $1,027 | $1,074 | $1,176 | $1,165 |
| 2015 | $1,017 | $1,079 | $1,174 | $1,169 |
| 2014 | $986 | $1,049 | $1,147 | $1,155 |
| 2013 | $953 | $1,048 | $1,117 | $1,093 |
| 2012 | $940 | $1,029 | $1,093 | $1,081 |
| 2011 | $941 | $1,014 | $1,064 | $1,054 |
| 2010 | $955 | $1,063 | $1,139 | $1,123 |
| 2009 | $960 | $1,046 | $1,116 | $1,101 |
| 2007 | $927 | $1,048 | $1,143 | $1,137 |
| 2005 | $910 | $1,068 | $1,163 | $1,144 |
Manchester Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Manchester New Hampshire was 3.01% according to Census ACS data.
Rental Vacancy Rate in Manchester New Hampshire
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| New Hampshire | 4.45% | -0.11% | +0.70% |
| Manchester, NH | 3.01% | +0.64% | -0.51% |
Trends in Manchester, NH Rental Vacancy Rate
The rental vacancy rate in Manchester peaked in 2005 at 10.89%. Since then it has fallen by 7.88% to 3.01%. Data records for this series originated in 2005. From a 2018 post peak low of 2.37%, the rental vacancy rate has increased by 0.64%.
Rental Vacancy Rate: Manchester NH, New Hampshire, US
Historical Rental Vacancy Rate data for Manchester
| Date | US | New Hampshire | Manchester, NH |
|---|---|---|---|
| 2019 | 5.97% | 4.45% | 3.01% |
| 2018 | 6.15% | 4.56% | 2.37% |
| 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% |
| 2007 | 7.87% | 5.28% | 5.46% |
| 2005 | 7.74% | 6.85% | 10.89% |
Rent as a Fraction of Income
Using median household income data for Manchester, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Manchester, median monthly gross rent as a fraction of median household income was 18.11% in 2019 according to the ACS.
Manchester 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% |
| Manchester, NH | 18.11% | +0.41% | +0.44% |
Trends in Manchester, NH Rent as a Fraction of Income
The fraction of median Manchester 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 0.73% to 18.11%.
Fraction of Income towards Rent: Manchester NH, New Hampshire, US
Historical Data for Annual Rent as a Fraction of Income in Manchester New Hampshire
| Date | US | New Hampshire | Manchester, NH |
|---|---|---|---|
| 2019 | 20.03% | 17.66% | 18.11% |
| 2018 | 20.50% | 17.44% | 17.70% |
| 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% |
| 2007 | 18.66% | 17.16% | 17.26% |
| 2005 | 18.89% | 18.05% | 18.32% |
Renter Fraction in Manchester New Hampshire
You can calculate the renter fraction in Manchester 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 Manchester as a fraction of total Manchester households. In 2019 32.90% of households were renters according to Census ACS data.
Manchester 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% |
| Manchester, NH | 32.90% | -0.97% | -3.62% |
Trends in the Manchester, NH Renter Fraction
The Manchester household renter fraction peaked in in 2016 at 36.52% and is now 3.62% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Manchester NH, New Hampshire, US
History of Manchester Renter Fraction
| Date | US | New Hampshire | Manchester, NH |
|---|---|---|---|
| 2019 | 35.89% | 29.04% | 32.90% |
| 2018 | 36.05% | 28.70% | 33.87% |
| 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% |
| 2007 | 32.80% | 25.89% | 29.68% |
| 2005 | 33.10% | 27.00% | 30.37% |
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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