Downtown Nashua
7
HE HOUSING STOCK IN
DOWNTOWN IS OLDER THAN
E
LSEWHERE IN THE CITY.
Over 62% of all residential
structures in the Downtown area
were constructed prior to 1930, and
73% were constructed prior to 1950.
This means 3 out of every 4
residential structures in this area is
more than 70 years old.
Downtown Nashua
MEDIAN INCOME IN THE
DOWNTOWN IS LOW
COMPARED T0 THE
REST OF THE CITY.
Median Household Income, 2018 | source: acs 2018
Nashua River
are re
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et
ASSOCIATES INC
Median HH Income
GED S0 - $44,000
GED $44,001 -$71,000
GERD 571,001 - $96,500
Downtown Nashua
RENTER HOUSEHOLDS
ARE MORE PREVALENT
DOWNTOWN THAN
ELSEWHERE IN THE CITY.
Percent Renter Households, 2018 source: acs 2018
Nashua River
% Renter Households
0% - 23%
24% - 49%
GD 50% - 74%
GERD 75% - 95%
ASSOCIATES INC
Downtown Nashua
DOWNTOWN CONTAINS A DIVERSITY OF
HOUSING TYPES.
Downtown Nashua, like many downtowns within
larger cities, contains a mix of housing types in
buildings ranging from single-family homes to
small infill buildings with 4-9 units to larger
scale multi-family and mixed-use buildings.
ISSUE & OPPORTUNITY AREA 3
DOWNTOWN NASHUA
ASSOCIATES INC
Financial Resources of Homebuyers and Renters ASSOCIATES NC
Change in Households Earning over $100,000 by Age Cohort 2013-2018
Source: ACS 2013, 2018
OLDER HOUSEHOLDS WITH HIGHER INCOMES ARE 1000
GROWING AS A SHARE OF ALL HOUSEHOLDS IN NASHUA. a8 Households
* Between 2013 and 2018 there were 526 additional
households headed by a person over the age of 65 800
that was also earning over $100,000 a year
* There were 919 additional households headed by a
person between 44 and 64 earning over $100,000 a 600 os
year
437
Financial Resources of Homebuyers and Renters
THE MARKET FOR AFFORDABLE RENTAL UNITS IS
TIGHT AT THE LOW END OF THE INCOME SPECTURM.
For households at or below 30% of AMI,
there are 2,943 more households than
available affordably priced units
The gap between demand and supply for
households above 100% AMI is 3,168 units
The lack of higher priced rental units in
Nashua puts downward pressure on the
supply of housing priced for lower income
households
7,000
6,000
5,000
4,000
3,000
Financial Resources of Homebuyers and Renters ASSOCIATES NC
Supply and Demand for Affordable Homeownership Units, City of Nashua
Source: HUD 2020, ACS 2018
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
%
Financial Resources of Homebuyers and Renters
Upper
Moderate
Lower
| |
ASSOCIATES INC
Renting and Purchasing Capacity of Nashua Households, 2018
Source: ACS 2018, RKG Associates
Household
Income
$100,000+
$75,000 - $99,999
$50,000 - $74,999
$35,000 - $49,999
$20,000 - $34,999
$0 - $19,999
Households
% #
34% 12,259
15% 5,431
16% 5816
11% 4,017
12% 4411
12% 4,340
Maximum Affordable
Rent Range
S?,500+
