New Hampshire’s housing shortage has become one of the most pressing challenges for the state, its communities, and its residents. A limited supply of homes, rising rents and purchase prices, and increasing housing costs overall have made finding affordable, stable housing difficult for many Granite Staters.
Housing affordability affects not only individuals and families, but also employers’ ability to attract and retain workers and the strength of local economies.
NHFPI examines trends in housing affordability, housing supply, rental and homeownership markets, homelessness, and related policy issues. Our research explores the connections between housing, workforce participation, economic opportunity, and community well-being, while analyzing public policies that can help expand housing options and improve affordability for Granite Staters.
New data collected earlier this year show the cost of renting continues to rise in New Hampshire, increasing pressure on overall housing availability and the finances of Granite State renters. The median price for a rental unit in New Hampshire reached a record high of $1,691 in 2024. Moreover, as of July 2024, the median ...
The New Hampshire Association of Realtors reported that the median single-family house sale price in the Granite State was $538,000 during June 2024, a 62.7 percent increase from the median June 2020 price. Using the 6.92 percent average 30-year fixed mortgage rate for June 2024, with a 5 percent down payment of $26,900 and the ...
First published in NH Business Review, June 7, 2024
New Hampshire’s Low and Moderate Income Homeowners Property Tax Relief Program provides tax refunds for individual homeowners who earn less than $37,000 annually or a married couple or head of ...
New Hampshire’s median household income and average wages have not kept up with the rapidly rising cost of purchasing a house in New Hampshire since 2018. According to the most ...
Using a simple but reliable measure, the U.S. Department of Housing and Urban Development has historically defined families paying more than 30 percent of their income for housing as “cost–burdened.” ...