Rent continues to rise in NH, bucking the national trend

Rent in New Hampshire has risen faster over the past year than almost any other state, and federal money to help is running out. According to Rent.com, average rents nationwide are falling, but New Hampshire is not following that trend. “It’s crazy,” said Bently, a tenant. “I shouldn’t have to pay the same amount people pay for mortgages and live in apartments just to live in a room.” Rents in New Hampshire have continued to rise over the past year. about 1.2% month over month and about 19% year over year,” said John Leckie of Rent.com.Rent.com said Granite State is the fifth-largest nation in the country for the highest rent increases, with the average rent being just under $1,900.”It’s hard,” said tenant Monika Cote. “It’s hard being a single woman and making the best that I can. I only have a studio apartment, and it’s costing me over $1,000.” “These declines, this cooling in the housing market, hasn’t hit the New Hampshire rental market yet,” he said. said additional funds Community Action Programs said it was worth continuing to ask for help, as there are many ways to get help for people who need it.

Rent in New Hampshire has risen faster over the past year than almost any other state, and federal money to help is running out.

According to Rent.com, average rents nationwide are falling, but New Hampshire is not following that trend.

“It’s crazy,” said Bently, a tenant. “I shouldn’t have to pay the same amount people pay for mortgages and live in apartments just to live in a room.”

Rents in New Hampshire have continued to rise over the past year.

“New Hampshire is actually up about 1.2% month over month and about 19% year over year,” said John Leckie of Rent.com.

Rent.com said Granite State is fifth in the nation for the highest rent increases, with the average rent just under $1,900.

“It’s difficult,” said tenant Monika Côté. “It’s hard to be a single woman and do the best I can. I only have one studio, and it’s costing me over $1,000.”

One of the reasons New Hampshire’s rent has become so expensive is that it normally follows what the housing market does, Leckie said.

“These declines, this cooling of the housing market, hasn’t reached New Hampshire’s rental market yet,” he said.

The state also had to suspend incoming applications for the state’s emergency housing assistance program because the federal government is not providing additional funds.

Community Action Programs said it is worth continuing to ask for help, as there are many ways to get help for people who need it.

About Miley Sawngett

Check Also

Elon Musk says Twitter bankruptcy is possible, but is it likely? : NPR

Twitter’s headquarters are shown in San Francisco on November 4, 2022. Jeff Chiu/AP hide caption …