The rental market in New Hampshire is very tight, real estate agents say
If you’re looking to rent a home in New Hampshire, real estate agents say, prepare for a long slog because it could take a while to find an affordable place to live. “Everybody’s looking for a rental car, and nobody can find one,” said Brad Roberts, a real estate agent for Keller Williams, which also hosts several apartments. New data from Rent.com indicates that the rental market in New Hampshire appears to be about to get worse. Of all states in the country, New Hampshire has seen the fifth-highest increase in rents over the past year — a 14% year-over-year jump. The increase comes despite a national stabilization.”[ads1];I keep getting asked these questions about where can I find affordable rent and the honest truth is they’re not out there,” Roberts said. Real estate agents say less than one percent of rentals are currently available in the Granite State. Part of the shortage has been caused by an influx of people moving to New Hampshire. After COVID-19, the locality of getting away from the city seems to be growing. There isn’t enough supply for the amount of demand needed across the state, relatives say. Although data from the report shows that New Hampshire has seen a slight decrease in rental prices in the past month, overall totals remain incredibly high, and relatives say there are no indicators that the market will slow down any time soon.” There are so many people looking for a place to live and the availability of , it’s very limited,” Roberts said. Several Granite Staters told News 9 they are having an incredibly difficult time finding affordable housing right now. Garrett Morrissey is one of the many twenty-somethings who have made the decision to move home due to financial reasons. When COVID-19 hit, rent became simply too expensive, he said: “I don’t really have any other option or I’m going to wipe out all my savings,” Morrissey said. He is not alone. Timothy Hall says he’s a father of two sons, who also lives at home and is trying to save money.” The money they’re making right now, it’s not that much, and for them to just live, or pay their car, pay their insurance, it’s almost impossible,” he said. Roberts recommends monitoring Facebook and other social media, where apartments and homes may be advertised, to find the best deals.
If you’re looking to rent a home in New Hampshire, real estate agents say, prepare for a long slog because it could take a while to find an affordable place to live.
“Everybody’s looking for a rental and nobody can find one,” said Brad Roberts, a real estate agent for Keller Williams, which also landlords several apartments.
New data from Rent.com indicates that the rental market in New Hampshire appears to be getting worse. Of all states in the country, New Hampshire has seen the fifth-highest increase in rent over the past year — a 14% year-over-year jump. The increase comes despite a national stabilization.
“I keep getting these questions [about] where can I find a reasonable rental and the honest truth is they’re not out there,” Roberts said.
Realtors say less than one percent of rentals are currently available in the Granite State.
Part of the shortage has been caused by an influx of people moving to New Hampshire. After COVID-19, the allure of getting away from the city seems to be growing.
There isn’t enough supply for the amount of demand needed across the state, relatives say. While data from the report shows that New Hampshire has seen a slight decrease in rents over the past month, overall totals remain incredibly high, and relators say there are no indicators that the market will slow down anytime soon.
“There are so many people looking for a place to live and accessibility [housing]it’s very limited,” Roberts said.
Several Granite Staters told News 9 they have had an incredibly difficult time finding affordable housing right now.
Garrett Morrissey is one of the many twentysomethings who have made the decision to move home due to financial reasons. When COVID-19 hit, the rent simply became too expensive, he said.
“I don’t really have any other option or I’m going to wipe out all my savings,” Morrissey said.
He is not alone. Timothy Hall says he is a father of two sons, who also lives at home and is trying to save money.
“The money they’re making right now, it’s not that much, and for them to just live, or pay their car, pay their insurance, it’s almost impossible,” he said.
Roberts recommends monitoring Facebook and other social media, where apartments and homes may be advertised, to find the best deals.
