Location: Lawrence, MA | Metro: Lawrence, MA-NH HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,700 |
| 1 Bedroom | $1,800 |
| 2 Bedrooms | $2,360 |
| 3 Bedrooms | $2,920 |
| 4 Bedrooms | $3,130 |
| 5 Bedrooms | $3,631 |
| 6 Bedrooms | $4,067 |
| 7 Bedrooms | $4,392 |
| 8 Bedrooms | $4,612 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,360 | $527,105 | 0.45% | F |
| 3BR | $2,920 | $673,388 | 0.43% | F |
| 4BR | $3,130 | $813,024 | 0.38% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP 03036 in Chester, NH, reveals that voucher tenants will typically cashflow at the Federal Market Rent (FMR) rate of $2180 for FY 2024. The median home value in this area is $660,853, leading to a rent-to-price ratio that suggests properties are generally overpriced relative to rental income.
Specifically, the FMR rate does not cover the average market rent in Chester, NH. Landlords and small-portfolio investors should note that voucher tenants will likely only cashflow with premium units, or those that offer above-average amenities and are well-maintained. This is due to the higher competition in the rental market and the premium placed on quality living spaces.
The lack of specific day median DOM (Days on Market) and percentage of price cuts indicates a stable market with little fluctuation in property listings. However, it is important to consider that the strong median home value might affect the overall investment strategy. Investors should focus on the long-term stability and potential appreciation rather than short-term cash flow gains.
The strongest angle for investors in ZIP 03036 is appreciation. Given the high median home value, there is significant potential for property values to increase over time, making this a solid choice for those looking to build equity through real estate investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.