Rents are also increasing in
Nashua. Over the last five years,
median gross rent rose 19% to
a high of $1,287 per month. The
number of rental units priced
between $1,500 - $1,999 range
grew 24% in five years, the fastest
of any rent range. Rent growth has
been driven by demand for smaller
units, typically 1- bedroom units.
Downtown Nashua should
be a housing focus area. The
combination of high rental
percentages, lower incomes,
racial and ethnic diversity, lower
assessed values, and older
housing stock creates challenges
for stabilizing the housing in
Downtown and maintaining its
general affordability. A balanced
approach is required to both
introduce new market rate and
affordable housing, as well as
strategic investments to improve
the quality of existing housing in
the Downtown area.
