New Hampshire rental market data

Apartment List's recent-lease rent measure declined 0.6%, from $1,564 to $1,555. Its separate Vacancy Index moved the other way, rising from 4.7% to 5.7%. Together, those measures support conservative screening of achieved rent and lease-up assumptions, although they do not identify which local markets or property types account for the change.

The national series supplies a genuine counter-signal: national rent fell 1.1%, and national vacancy was 7.2%, above New Hampshire's 5.7%. National time on market increased from 28 to 30 days, but no New Hampshire time-on-market figure is supplied. That separate national listing measure cannot establish whether New Hampshire rental listings are taking longer to lease.

Across five measured metros, Zillow asking-rent growth had a 4.4% median and a supplied percentile band of 2.8% to 8.7%. Home-value growth was slower, with a 3.0% median and a 1.9% to 3.6% band. The supplied median rent-minus-price growth spread was 1.4 percentage points.

The separation was especially large in Laconia, where asking rent increased 11.3% while home value rose 3.0%; its indicated gross yield was 4.6%. Keene recorded 4.8% rent growth against 3.9% price growth, while Concord recorded 4.4% against 3.1%. These asking-rent readings are useful for local momentum screening, but they do not override the softer statewide recent-lease series or convert gross yield into net return.

Measured resale conditions vary materially. Across four metros with Redfin coverage, the supplied bands run from 2.0 to 5.3 months of supply, 31.4 to 45 days on market and 19.9% to 23.6% of listings with price drops. That dispersion argues against using one statewide resale timeline.

Laconia had 6.0 months of supply, 45 days on market, price drops on 23.0% of listings and a 99.0% sale-to-list ratio. It also recorded 428 permitted units, or 6.62 per 1,000 residents, versus 3.63 per 1,000 in Concord. Keene provides a partial counterpoint: it also had 45 days on market but only 3.7 months of supply. Permits are not completions and do not establish how many units will compete with long-term rentals, but Laconia's combination warrants a stricter exit and supply review.

Migration data covering all ten counties show 42,398 movers in and 40,230 out, for net migration of 2,168, or 1.55 per 1,000 residents. That is a measured demand support, but it is modest relative to the state population and comes from a different period than the current employment readings.

Across five measured metros, employment change had a negative 0.6% median and a supplied band from negative 1.1% to positive 0.5%. Local results diverged: Laconia was up 0.7%, Keene was up 0.1% and Concord was down 0.6%. Positive migration therefore does not settle current tenant-demand strength; screening should verify the relevant employment base and renter inflow in the target locality.

Across ten counties, the ACS all-housing vacancy rate had a 19.5% median and a supplied band from 7.2% to 33.8%. Carroll County was higher at 46.0%, while only 16.7% of its occupied housing was renter-occupied and 80.7% of its stock was single-family. That combination shows why all-housing vacancy should not be treated as the share of units available to long-term renters.

Tenant affordability is a separate constraint. The median county share classified as rent burdened was 48.5%; Sullivan County registered 53.7%, Rockingham County 50.3% and Strafford County 50.3%. These figures support testing tenant income and renewal affordability even where broad housing vacancy appears high. They do not identify the vacancy or rent tolerance of a specific asset.

Across ten counties, effective property-tax rates had a 1.8% median and a supplied band of 1.3% to 2.1%. Median tax amounts ranged from $3,821 to $7,083 across the supplied percentile band. Cheshire County's effective rate was 2.2%, and Sullivan County's was 2.1%, making county-specific tax verification material to expense screening.

FEMA's mutually exclusive leading-hazard classification is inland flood for all ten counties. Measured county loss ratios had a supplied band of 0.133% to 0.221%, while Coos County was 0.246%. A county's leading-hazard label and loss ratio are screening inputs only: they do not mean every parcel is exposed and do not provide a property insurance quote.