If you’re looking to rent a home in New Hampshire, realtors say, be prepared for a long slog, because it can take some time before you find an affordable place to live. “Everyone is looking for a rental and not everyone can find it,” said Brad Roberts, a realtor with Keller Williams, who is also the owner of several apartments. New data from Rent.com indicates that the New Hampshire rental market appears to be getting worse. Of every state in the country, New Hampshire saw the fifth-highest rent increase over the past year — a 14% year-over-year jump. The increase comes despite national stability. “I’m constantly asked these questions of where can I find reasonable rent and the honest truth is they don’t exist,” Roberts said. Brokers say that less than one percent of rentals are currently available in the Granite State. Part of the shortage is due to the influx of people moving to New Hampshire. Post-COVID-19, the allure of moving away from the city appears to be increasing, as there is not enough supply for the amount of demand needed across the state, dispatchers say. While data from the report shows that New Hampshire saw a slight drop in rental prices last month, overall, totals are still incredibly high, and RVs say there are no signs the market will slow down anytime soon. “There’s a lot of people looking for a place to live and the availability of it, it’s very limited,” Roberts said. Several Granite Staters have told News9 that they are having a very difficult time finding affordable housing right now. The decision to return home was made for financial reasons. When COVID-19 hit, rent became so exorbitant, Morrissey said, “I really don’t have any other choice, or I’m going to wipe out all my savings.” Timothy Hall says he is the father of two boys, who also live at home, and are trying to save money. “The money they make now, it’s not much, and they just live on, or pay their money. The car, the insurance payment, it’s almost impossible.” Roberts recommends monitoring Facebook and other social media sites where apartments and houses can be advertised to find the best deals.
If you’re looking to rent a home in New Hampshire, realtors say, be prepared for a long slog, because it can take some time before you find an affordable place to live.
“Everyone is looking for a rental and not everyone can find it,” said Brad Roberts, a realtor with Keller Williams, who is also the owner of several apartments.
New data from Rent.com indicates that the New Hampshire rental market appears to be getting worse. Of every state in the country, New Hampshire saw the fifth-highest rent increase over the past year — a 14% year-over-year jump. The increase comes despite national stability.
“I am constantly asked these questions [about] Where can I find reasonable rent and the honest fact is they don’t exist,” said Roberts.
Realtors say that less than one percent of rentals are currently available in the Granite State.
Part of the shortage is due to the influx of people moving to New Hampshire. Post-COVID-19, the allure of moving away from the city seems to be increasing.
There is not enough supply for the amount of demand needed across the state, dispatchers say. While data from the report shows that New Hampshire has seen a slight decrease in rental prices in the past month, overall, totals are still incredibly high, and movers say there are no signs the market will slow down anytime soon.
“A lot of people are looking for a place to live and for availability [housing]Roberts said.
Several Granite Staters told News 9 that they are having a very difficult time finding affordable housing right now.
Garrett Morrissey is one of the twenty-somethings who made the decision to return home for financial reasons. When COVID-19 hit, he said, rent simply became too expensive.
“I don’t really have any other choice,” Morrissey said, “or I’m going to wipe out all my savings.”
He is not alone. Timothy Hall says he is the father of two boys who also live at home and are trying to save money.
“The money they’re making now, it’s not that much, and for them to just live, or pay their car, or pay their insurance, it’s almost impossible,” he said.
Roberts recommends monitoring Facebook and other social media sites where apartments and houses can be advertised to find the best deals.
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