Location: Nashua, NH | Metro: Nashua, NH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,340 |
| 1 Bedroom | $2,710 |
| 2 Bedrooms | $3,360 |
| 3 Bedrooms | $4,350 |
| 4 Bedrooms | $4,760 |
| 5 Bedrooms | $5,522 |
| 6 Bedrooms | $6,185 |
| 7 Bedrooms | $6,680 |
| 8 Bedrooms | $7,014 |
U.S. Census Bureau data (2024)
ZIP code 03033, located in Brookline, NH, is a unique area within Hillsborough County. With a population of 5,736 residents, only 4.9% of whom are renters, it stands out as predominantly owner-occupied. The median household income here is strong at $171,046, reflecting a higher standard of living compared to many other regions. Additionally, the median home value of $665,094 underscores the affluent nature of the community.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 03033 is set at $2,070 for the fiscal year 2024. This figure contrasts sharply with the market rent, which is estimated at $2,500 according to recent Census American Community Survey (ACS) data. Landlords in this area can expect lower rental incomes if they choose to accept Section 8 vouchers, as the FMR is significantly below the actual market rates.
The data signature for ZIP 03033 indicates a stable community. The high median income and home values suggest a financially secure environment where homeownership is the norm. However, the low percentage of renters also implies limited opportunities for landlords and small-portfolio investors looking to capitalize on rental properties. Despite these factors, the consistent gap between the FMR and market rents provides a clear benchmark for understanding the economic landscape for those considering Section 8 participation.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.