Location: Hillsborough County, NH | Metro: Hillsborough County, NH (part) 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 | $1,160 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,760 |
| 5 Bedrooms | $3,202 |
| 6 Bedrooms | $3,586 |
| 7 Bedrooms | $3,873 |
| 8 Bedrooms | $4,067 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,650 | $397,110 | 0.42% | F |
| 3BR | $1,970 | $508,260 | 0.39% | F |
| 4BR | $2,760 | $574,234 | 0.48% | F |
U.S. Census Bureau data (2024)
ZIP code 03047, located in Greenfield, NH, stands out within Hillsborough County due to its unique demographic and economic characteristics. With a population of 1,730 residents, it has a relatively low rental rate at 15.4%, indicating that most of its inhabitants prefer homeownership. The median income for households in this ZIP is $103,603, reflecting a higher standard of living compared to the national average. This prosperity is further underscored by the median home value, which is $476,476, significantly above the national median.
The voucher economics in ZIP 03047 present an interesting opportunity for landlords. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,390, while the actual market rent, based on Census American Community Survey (ACS) data, is lower at $1,135. This discrepancy means that landlords can potentially benefit from a higher rental rate when tenants use Section 8 vouchers, making it a favorable situation for property owners looking to maximize their returns.
Based on the data, ZIP 03047 appears to be in a stable condition. The high median income and home values suggest a financially secure community with little indication of significant change in the near future. While the rental rate is modest, the disparity between the FMR and market rent provides a clear advantage for landlords who accept Section 8 vouchers, ensuring a steady and reliable source of income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.