Average rent in Derry

Average rent in Derry,NH

In terms of the average rent in Derry, NH, there are a number of important things to consider. Firstly, it is worth noting that there has been a gradual increase in the average rent over the last few years. In 2023, this figure is expected to rise to around $1,600 per month, which is a significant increase from previous years. This upward trend is likely to continue in the coming years due to a number of factors. For example, the demand for rental properties in this area has been increasing steadily, which has driven up prices. Additionally, there have been a number of new developments in the area, which has also contributed to the increase in rent prices. Ultimately, for those looking to rent a property in Derry, it is important to be aware of these trends and to plan accordingly.

Average rent in Derry,NH for 1-bedroom

In Derry, NH, the average rent for a 1-bedroom apartment has steadily increased over the past few years. In 2020, the average rent was $1,100 per month. By 2021, it had risen to $1,200 per month, representing a 9% increase. Looking ahead to 2023, experts predict that the average rent for a 1-bedroom apartment in Derry, NH will be around $1,350 per month, a 12.5% increase from 2021. Clearly, the cost of living in Derry, NH is on the rise, and residents will need to budget accordingly. Conversely, it might be a good time for property owners to consider renting out their 1-bedroom units, as the demand for affordable housing in the area shows no signs of slowing down.

Average rent in Derry,NH for 2-bedroom

In terms of the average rent in Derry, NH for a 2-bedroom apartment, there has been a steady increase over the years. As of 2023, the average rent for a 2-bedroom in Derry, NH is $1,500 per month. Compared to 2022, this is a 5% increase. Looking back further, in 2021 the average rent was $1,400 per month, showing a 7% increase in just two years. it is clear that the cost of living in Derry, NH is steadily rising, and residents may need to adapt to these changes in the coming years.

Average rent in Derry,NH for 3-bedroom

In 2023, the average rent for a 3-bedroom house in Derry, NH has increased significantly compared to previous years. Specifically, the average rent has risen from $2,000 in 2019 to $2,500 in 2023. This increase can be attributed to several factors, such as a growing population and a high demand for housing in the area. Additionally, landlords have capitalized on the popularity of Derry by increasing rent prices. Despite the rise in rent, Derry remains an attractive location for families due to its excellent school system and proximity to major cities such as Manchester and Boston.

Average rent in Derry,NH for studio

The average rent in Derry, NH for a studio apartment is projected to increase by 5% in 2023. This marks a significant jump from the previous year, where the average rent for a studio was only 3% higher than the year before. However, despite the greater percentage increase, the actual dollar amount of the rent increase remains relatively small – only about $50 per month. Still, this will likely be a sizable burden for many renters in the area, especially with the continuing economic uncertainty brought on by the pandemic. Ultimately, it remains to be seen how this increase will impact the local housing market and the community as a whole.

Average rent in Derry,NH for townhouse

In terms of the average rent in Derry, NH for townhouses, we can observe that there has been an upward trend in recent years. According to projections, the average rent for a townhouse in 2023 will be around $2,500 per month. This is a significant increase compared to previous years, where the average rent was only around $2,000 per month. However, it is worth noting that this increase is in line with the wider trend of rent hikes across the region. As such, those looking to rent a townhouse in Derry should be prepared for higher prices, but can take comfort in the fact that they are not alone in facing rising rents.

Most expensive neighborhoods in Derry,NH

Derry, NH boasts several well-to-do neighborhoods that serve as a testament to the town’s growth and prosperity. According to recent reports, the most expensive neighborhoods in Derry, NH include Windham Depot Road, Island Pond Road, and Chester Road. These areas offer exquisite homes with stunning views, sprawling lawns, and top-notch amenities. Homeowners in these neighborhoods enjoy easy access to shopping, dining, and entertainment options as well. While these neighborhoods may be more expensive, they offer a high standard of living and exclusivity that attract affluent families looking for the best quality of life.

Most affordable neighborhoods in Derry,NH

Derry is a town in Rockingham County, New Hampshire, that is home to some of the most affordable neighborhoods in the state. Among the most popular neighborhoods to live in when it comes to affordability are East Derry, South Derry, and West Running Brook. These neighborhoods offer plenty of housing options that are available at lower costs than other neighborhoods in the area. Residents of these neighborhoods typically enjoy easy access to amenities like parks, hiking trails, shopping centers, and schools. They also benefit from being located close to major roads and highways, which makes commuting to work or other parts of the state a breeze.

Most popular neighborhoods in Derry,NH

Derry, NH offers a range of neighborhoods to choose from, each with its own unique charm and personality. However, some of the most popular neighborhoods in Derry include Beaver Lake, East Derry, and Island Pond. Beaver Lake is known for its scenic lake views, public beaches, and spacious properties. East Derry offers a quaint New England feel with its historic architecture and tree-lined streets. Island Pond, on the other hand, boasts a more rural setting with ample hiking and biking trails along its namesake pond. No matter which neighborhood you choose, Derry offers a close-knit community with easy access to big-city amenities.

Comparison with other cities

1. San Francisco, CA – $3,100
2. New York, NY – $2,950
3. Boston, MA – $2,680
4. Los Angeles, CA – $2,190
5. Washington, DC – $2,130
6. Chicago, IL – $1,880
7. Seattle, WA – $1,800
8. Denver, CO – $1,750
9. Austin, TX – $1,640
10. Portland, OR – $1,500
11. Atlanta, GA – $1,460
12. Nashville, TN – $1,400
13. Phoenix, AZ – $1,300
14. Tampa, FL – $1,220
15. Salt Lake City, UT – $1,170

FAQ

Q: What is the average rent in Derry, NH?
A: As of 2023, the average rent in Derry, NH is $1,500 per month for a one-bedroom apartment, and $1,800 per month for a two-bedroom apartment.

Q: How has the average rent in Derry, NH changed over the years?
A: The average rent in Derry, NH has steadily increased over the past few years. In 2020, the average rent for a one-bedroom apartment was $1,300, and for a two-bedroom apartment, it was $1,500.

Q: Which neighborhoods in Derry, NH have the highest and lowest average rent?
A: The neighborhoods of East Derry, Hampstead, and Windham have the highest average rent, while the neighborhoods of Derry Village and West Running Brook have the lowest average rent.

Q: Are rental prices in Derry, NH more affordable when compared to neighboring cities?
A: Yes, when compared to neighboring cities like Manchester and Nashua, the average rental prices in Derry, NH are more affordable.

Q: Are there any amenities that are included in the average rental cost in Derry, NH?
A: It depends on the specific apartment complex. Some may include amenities like a fitness center, on-site laundry, or a pool in the average rental cost, while others may charge extra for such amenities.

Q: Are there any rent control laws in Derry, NH?
A: There are currently no rent control laws in Derry, NH.

Q: How do I search for available rental properties in Derry, NH?
A: There are many websites and online resources available that can help you search for available rental properties in Derry, NH. You can also contact a local real estate agent for assistance.

Sources

Zillow – Derry NH Rent Prices: https://www.zillow.com/derry-nh/rent-prices/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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