Manchester average rents post 2.6 percent increase
Report points to 12.5 percent hike in Queen City rents since 2015
Average rents in the city of Manchester have grown by 2.6 percent in 2018, an increase that’s the 77th largest among the 250 biggest cities in the U.S., according to a report by online rental marketplace Apartment List.
According to the report, percentage increases in Manchester’s average rents have been easing in recent years, but not as much as they have in other cities.
For example, in 2017, the average increase in Queen City rents was 3.9 percent.
Nationally, year-over-year rent growth has slowed from 3.6 percent in 2015 to the current 1.5 percent pace. In 2015, Manchester’s average increase was 2.0 percent.
The slowdown in national rent growth is partially attributable to an increasing supply of new rental inventory in many markets, the report said, although that is not something that is happening in New Hampshire. Since 2015, average rents in Manchester have increased by 12.5 percent, from $1,199 to $1,349.
To see the full report, click here.