Updated 2026 · Based on median market data for Berlin, NH
The median monthly rent in Berlin, NH is $1,410, translating to $16,920 in annual gross rental income per unit. The rent-to-price ratio is 0.56% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Berlin spend approximately 25% of the local median household income ($67,733) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in Berlin is 4.2%. This is extremely tight — expect strong tenant demand, quick lease-ups, and leverage to set favorable lease terms. In markets this tight, landlords often see multiple applications per listing. Population growth of 0.5% annually provides stable demand.
Berlin's GRM (price divided by annual rent) is 14.8x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,410/mo, a single-family rental in Berlin generates approximately $16,920 in gross annual income. After accounting for 4.2% vacancy ($711 lost), property taxes of $4,600, insurance (~$1,000), and maintenance (~$1,000), the estimated NOI is $9,609 per year, or $801/mo.
Berlin vs New Hampshire state average and national average across key investment metrics. Berlin outperforms both benchmarks on cap rate.