New Hampshire rental market data

Across five measured metros, rent growth had a 4.36% median and a 2.78% to 8.65% measured range from the 10th to 90th percentile. Home-value growth was narrower and slower: a 2.96% median and a 1.89% to 3.61% range. The supplied difference between the medians is 1.4 percentage points, supporting an income-growth screen more than an appreciation-led one.

Laconia's asking rent was $2,003 and its measured home value was $520,202. Rent growth of 11.25% exceeded value growth of 2.96% by 8.29 percentage points, calculated from the two supplied rates, while gross yield was 4.62%. That spread is notable, but gross yield does not account for operating expenses or confirm that the rent increase is being realized on new and renewed leases.

Liquidity data cover four measured metros. Their medians were 3.1 months of supply, 41 days on market, price drops on 22.58% of listings and a 100.02% sale-to-list ratio. Those medians do not indicate one uniform state market; the local combinations differ materially.

Laconia had 6 months of supply, 45 median days on market, price drops on 22.99% of listings and a 99.02% sale-to-list ratio. It also had 6.62 permitted units per 1,000 residents. Concord was tighter at 2.5 months of supply and 37 days on market, with a 100.89% sale-to-list ratio and 3.63 permits per 1,000. Acquisition screens should therefore use local exit assumptions, while treating permits as pipeline evidence rather than completed competing units.

Employment change across five measured metros had a negative 0.59% median, with the 10th-to-90th-percentile range running from a 1.07% decline to 0.45% growth. The named markets were mixed: Laconia grew 0.7%, Keene grew 0.08% and Concord declined 0.59%. A statewide demand conclusion would obscure that dispersion.

Across the 10 counties with migration data, aggregate net migration was positive by 2,168 people, or 1.55 per 1,000 residents. Reported aggregate mover income inflow exceeded outflow by $176,212. This is a genuine counter-signal to the payroll median, but the measures come from different datasets and vintages and do not establish rental household formation, tenant incomes or absorption in a specific property submarket.

Across 10 measured counties, the median housing vacancy rate was 19.52%, with a wide 7.18% to 33.82% range from the 10th to 90th percentile. The median renter share was 26.13%, while 48.47% of renters were cost-burdened at the 30%-or-more threshold. A 71.22% median single-family share further indicates that the measured stock is not predominantly conventional multifamily rental housing.

Carroll County had a 45.95% vacancy rate, but renters represented only 16.65% of households and single-family homes represented 80.74% of stock. Sullivan County combined 24.32% vacancy with a 53.73% renter-burden rate. ACS vacancy covers all vacant housing and does not identify which units are available for year-round rental, so property screening still needs local long-term inventory and tenant-depth evidence.

Across five measured metros, the median home value was $520,202, median asking rent was $2,006 and median gross yield was 4.87%. The measured gross-yield range from the 10th to 90th percentile was 4.7% to 5.23%. Median price-to-income was 5.14, median rent-to-income was 25.29%, and asking rent was 101.6% of the applicable two-bedroom HUD Fair Market Rent, with a 95.28% to 127.86% measured range.

Keene combined a $399,248 value, $1,756 rent, 5.28% gross yield and 4.79 price-to-income ratio. Manchester's corresponding figures were $531,097, $2,156, 4.87% and 5.13. Keene's lower entry cost improves the gross ratio, but the packet contains no property-level operating expenses, financing terms or capital-needs figures from which to derive net return.

The median measured effective property-tax rate across 10 counties was 1.78%, with a 1.28% to 2.14% range from the 10th to 90th percentile. Median tax was $5,986.50, and the corresponding measured range was $3,821.10 to $7,083. Coos County illustrates why rate and dollar burden should be checked separately: its rate was 1.9%, while median tax was $3,579. Carroll County's figures were 0.99% and $3,848.

Inland flood was the mutually exclusive leading-hazard label in all 10 counties. The median FEMA loss ratio was 0.162%, with a 0.133% to 0.221% measured range; Coos County was 0.246% and Carroll County was 0.187%. These county measures support location screening, but a leading-hazard label is not evidence that a particular parcel is exposed or that a quoted insurance premium will have a given cost.