Board Of Aldermen - Agenda - 10/27/2020 - P30

Demographics & Housing Market Conditions
ASSOCIATES INC

Rents
Nashua’s Change in Rent by Unit Type, 2012-2019
RENT FOR ONE-BEDROOM UNITS IS UP OVER 40%. Source: Rent Jungle, 2012-2078
According to data from Rent Jungle, since 2012 rents for one- $1,700

bedroom units in Nashua are up 40%, while two-bedroom units are
up 33%. The average rent for a one-bedroom unit in 2019 was
$1,295 while a two-bedroom unit averaged $1,587. These figures
differ slightly from the 2018 ACS gross rent as these capture only a
subset of active listings each year. $1,500

$1,600

$1,400

$1,300

$1,200
$1,194

$1,100 cecccccvccseesett™y
$1,092

$1,000

$900 $926

$800
eceves AllBedS =—=———=1 Bed
$700

2012 2013 2014 2015 2016 2017 2018 2019

Nashua Housing Study - 27