SEACOAST ROUNDTABLE

The median monthly rent for two-bedroom units in NH was $1,764 in 2023, up 11.4% from 2022, according to the NH 2023 Residential Rent Cost Survey Report from NH Housing. Dennis McCann, executive director for the Strafford Economic Development Corporation (SEDC), points to Harmony Homes, an owner-ope...

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Bibliographic Details
Published in:Business NH Magazine 2024-04, Vol.41 (4), p.20-24
Main Author: Merrill, Scott
Format: Article
Language:English
Subjects:
Affordable housing
Apartments
College presidents
Community colleges
Cost of living
Employee retention
Housing prices
Median
Pandemics
Rentals
Success
Workers
Workforce
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Summary:The median monthly rent for two-bedroom units in NH was $1,764 in 2023, up 11.4% from 2022, according to the NH 2023 Residential Rent Cost Survey Report from NH Housing. Dennis McCann, executive director for the Strafford Economic Development Corporation (SEDC), points to Harmony Homes, an owner-operated assisted-living community that developed affordable housing for its employees. Great Bay Community College President Cheryl Lesser says the college plays a role in keeping people in the Seacoast by helping to find affordable housing for students. Housing Costs Put Pressure on Employers Patty McGrail, senior vice president for the Leddy Group in Dover, a staffing company with locations throughout NH, says high living costs in the Seacoast "is definitely a pain point for our clients," adding that over the last couple of years many of the Leddy Group's clients focused on trying to hang on to workers.
ISSN:1046-9575