Comprehensive Master Plan
Housing
Planning for future housing should not be in isolation of other factors,
but with access to opportunities, transit, and amenities in mind.
This has impacts on affordability,
ability to pay for housing, and
concentrations of lower income
households in certain parts of the
city.
ONE- and TWO-person
households are driving growth.
Single-person and two-person
households increased 12% and
22%, respectively between 2013
and 2018. These two categories
brought in nearly 1,500 new
households to the city. Larger
households are not increasing
at nearly the same rate. This is
translating into demand for smaller
units, particularly smaller rental
units,
Nashua’s residents are more
educated and have higher
household incomes than in
decades past. Nashua saw its
number of households earning
over $200,000 a year increase
by over 60% from 2013 to 2018.
In fact, nearly every income
cohort grew except those earning
less than $50,000 per year. This
correlates with the rapid rise in
educational attainment. Residents
with Bachelor’s degrees or higher
increased 11%.
Household income for renters is
growing at the highest income
levels. The number of renter
households earning $75,000 or
more jumped significantly between
2013 and 2018. This is likely
fueling demand for newer, higher
Change in Households by Tenure and Size 2013-2018
40%
22%
20%
ne 10% 5
5 4% 3% 6%
0% = —= = =
A% a -A% A%
-20% “139
-40%
1-person 2-person 3-person 5-person 4-person
household household household household household
W Owner-Household Renter-Household
Since 2013, the percent of
renter occupied housing in
Nashua has increased. In
the City, one person renter
households have increased
ey A by 12% while two person
renter households have
increased by 22%. These
percentages will continue to
grow as more rental housing
is built and existing housing
is converted into rental units.
Owner-occupied
Source: NHGIS, ACS 2011, 2019
priced rental units across the city
and pushing prices upward as
these households can afford rents
at the top of Nashua’s market.
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