Issues and Opportunities
Accommodating Future Growth
ASSOCIATES INC
Total Population Change 2013-2030, City of Nashua
Source: ACS 2013, 2018, EMS!
The population of Nashua is projected to grow by 7,434 new
residents between 2018 and 2030, an 8.4% increase. To 100,000
accommodate this new population growth, RKG Associates —Nashua
developed a methodology for calculating the number of new 98,000
households that population would result in and therefore the new
number of housing units needed to accommodate the growth in 96,000 96,040
households. RKG used a trends extrapolated approach based on
the change between 2013 and 2018 in average household size and 94.000
how those households break out into owner and renter households ‘
by household size.
92,000
To accommodate the population increase projected for 2030, RKG
estimates the city may need to produce an additional 4,769 90,000
housing units above what exists today. This assumes current
housing vacancy rates continue to hold steady. RKG also assumed 88,000
that the split between owner and renter households drops slightly
from a 54/46 percent split to 52/48 percent. 86,000
Under these assumptions, RKG projects the city would need to add 84.000
another 2,480 owner-occupied housing units and 2,289 renter-
occupied units. Between 2013 and 2018, the city added 1,600 new 32.000
units. At that pace, the city would fall short of the target needed to ‘
accommodate the projected population and household counts if 80.000
current trends held steady through 2030. This is particularly true for
households at or below 50% of AMI, which currently experiences a
shortage of affordable housing.
2013 2018 2025 2030
Nashua Housing Study - 31
