Location: Portsmouth-Rochester, NH | 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 | $2,230 |
| 1 Bedroom | $2,410 |
| 2 Bedrooms | $3,150 |
| 3 Bedrooms | $3,750 |
| 4 Bedrooms | $4,140 |
| 5 Bedrooms | $4,802 |
| 6 Bedrooms | $5,378 |
| 7 Bedrooms | $5,808 |
| 8 Bedrooms | $6,098 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,150 | $469,080 | 0.67% | D |
| 3BR | $3,750 | $583,474 | 0.64% | D |
| 4BR | $4,140 | $692,483 | 0.6% | F |
U.S. Census Bureau data (2024)
Fremont, NH, located in ZIP code 03044, is characterized by a small-town charm with a total population of 4,831 residents. Only 9.5% of the residents are renters, indicating a predominantly owner-occupied community. The median household income in this area stands at a robust $120,781, reflecting a high standard of living and financial stability among its inhabitants. The median home value in ZIP 03044 is $534,298, suggesting that homeownership is both desirable and attainable for those with substantial means.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 03044 as of the fiscal year 2024 is set at $2,270. This figure is notably lower than the reported market rent of $2,668, based on Census ACS data. The discrepancy between the FMR and the actual market rent highlights a potential opportunity for landlords who can leverage the higher market rents while still benefiting from the Section 8 program's income restrictions.
In considering whether ZIP 03044 suits a hands-off voucher operator or a hands-on value-add buyer, the data suggests that it may be more suitable for the latter. Given the relatively low percentage of renters and the high median income, there is a limited pool of tenants who would qualify for Section 8 vouchers. However, the difference between the FMR and market rent indicates that value-add strategies could be effective. Landlords who are willing to invest in property improvements to command the higher market rents can potentially see better returns than those who opt for a purely passive approach.
A hands-on approach would also allow investors to navigate the complexities of the local rental market, where competition for qualified tenants might be fierce. By actively managing properties and ensuring they meet the needs of the community, value-add buyers can position themselves favorably in this niche market. In conclusion, ZIP 03044 offers a unique investment opportunity for those who are prepared to engage actively with their properties and the local rental environment.
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.