Board Of Aldermen - Minutes - 10/27/2020 - P35

Financial Resources of Homebuyers and Renters

ASSOCIATES INC

Housing Affordability for Nashua Households, 2018

Area Median Income Threshold

30% AMI (Extremely Low Income)

50% AMI (Very Low Income)

80% AMI (Low Income)

100% AMI (Moderate Income)
120% AMI (Moderate Income)
Above 120% AMI (Middle Income +)

Source: HUD 2020, ACS 2018, RKG Associates

Income

$30,000

$49,950
$70,650
$99,900
$105,975

$105,976+ 11,473

Households

%

7,289
9,466
4,817
6,422
807

#

20%
15%
13%
18%
2%
32%

Affordable Affordable
Monthly Home Purchase

Rent Price

$750 $99,430
$1,249 $165,551
$1,766 $234,158
$2,498 $331,103
$2,649 $351,237
$2,650+ $351,238+