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Analysis: New Hampshire rents have jumped by 37.5 percent since pandemic began
Granite State eighth highest rent rates in nation
It will come as no surprise to anyone renting an apartment in the state, but a newly compiled list of average rent increases nationwide says New Hampshire had the eight highest in the nation between March 2020 — the start of the Covid-19 pandemic — and March 2023.
According to a study of Zillow data by the luxury real estate firm RubyHome, New Hampshire saw a 37.5 percent statewide increase in rents in the three-year period, rising from an average of $1,286.10 to $1,768.80.
Nationally in the same period, the average monthly residential rental rate in the United States increased by 26.5 percent, to an average of $2,108, or nearly double the overall inflation rate for the same three-year period.
The biggest increase in average rents was seen in Florida, where rents grew by 45.8 percent, to an average of $2,128.
Other states in the top 10 were: Colorado, up 45.1 percent to an average of $2,767; Montana, up 42.35 percent to an average of $1,263; Idaho, up 40.6 percent to an average of $1,674; Tennessee, up 38.4 percent to an average of $1,478; Georgia, up 38.35 percent to an average of $1,542; Arizona, up 37.8 percent to an average of $1,866; Utah, up 36.5 percent to an average of $2,088; and New Mexico, up 36.25 percent to an average of $1,622.
