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  2. Board Of Aldermen - Agenda - 10/27/2020 - P23

Board Of Aldermen - Agenda - 10/27/2020 - P23

By dnadmin on Sun, 11/06/2022 - 22:54
Document Date
Fri, 10/23/2020 - 14:45
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 10/27/2020 - 00:00
Page Number
23
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__102720…

Demographics & Housing Market Conditions

Vacancy

ASSOCIATES INC

HOUSING VACANCY IN NASHUA IS EXTREMLY LOW. Vacant Housing Units by Category 2013 & 2018

In 2018, 3.1% of Nashua’s housing stock was Source: ACS 2013, 2018
classified as vacant. This was down from 4.2%
five years ago. Nashua’s vacancy rate (number
of units actively listed for rent or sale) was 1.1% 1,075
in 2018. A healthy vacancy rate for a community

is typically between 3% and 5%. 1,000

1,200

The inventory of vacant units that are for sale or
for rent is very low. In 2018, there were only 138
units listed as vacant for sale and 300 vacant
for rent. This is out of a total housing stock of
38,000 units. As population and employment
continue to increase in Nashua, the pressure on
the housing market will continue to grow and
likely keep vacancy levels low unless more
product is introduced. A400

800 757

733

600

Units

476
439

Approximately 45% of all vacant units are
classified as “vacant other” which refers to
units that are not available for rent or sale and
are off the market for different reasons. These
include undergoing substantial rehab,
uninhabitable units, foreclosure, among others. 0
Having 45% of vacant units classified as other Vacant Available Vacant Unavailable Vacant Other
vacant is not uncommon.

200

m2013 =2018

Nashua Housing Study - 20

Page Image
Board Of Aldermen - Agenda - 10/27/2020 - P23

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