Demographics & Housing Market Conditions
Percent of Renter Households source: acs 2018 1M
Housing Stock
BLOCK GROUPS WITH HIGHER PERCENTAGES OF
RENTERS ALSO HAVE LOWER MEDIAN INCOMES.
Block groups in Nashua where renter households comprise 75%
or more of all households have an average median income of
$31,400 which is less than half the City’s median of $73,000.
Several block groups have median incomes of just over $20,000
which is below the federal poverty line of $26,200.
% Renter Households
0% - 23%
. . . . . oa 24% - 49%
As housing prices, including rent rates, continue to climb in
Nashua; many renter households in these block groups will have
a more difficult time finding housing that is affordable and
attainable. These block groups also have some of the higher
concentrations of residents of color in Nashua.
D 50% - 74%
GD 75% - 95%
we
Households earning between $20,000 and $34,000 a year can
afford rent prices in the range of $500-$875 a month. With a
median rent of $1,287, much of Nashua’s housing stock is out of
reach for these households without a significant boost in income
or subsidy for the unit.
Nashua Housing Study - 19
