We learned recently that the cost of rental housing has been climbing in New Hampshire – a typical two bedroom apartment in the state now costs more than a thousand dollars a month. And in some parts of the Granite State, businesses are dealing with high rental costs as well.
The New Hampshire Housing Finance Authority has released its annual ‘Residential Rental Cost Survey.’ The survey shows increased rental costs coupled with decreased vacancies across the state.
The median monthly rent for a two bedroom unit including utilities has risen 3 percent in the past year to $1085 per month. The highest rent increases were evident in Grafton, Carroll and Belknap counties, as well as the cities of Manchester and Nashua.
Renting property can be tricky business. Landlords hand their apartments and houses –at least for a time – over to virtual strangers. And tenants have no real control over such matters as broken fixtures and dilapidated buildings. At times, these two groups can be at odds, leading to disputes that end up in court proceedings.