Location: Nashua, NH | Metro: Nashua, NH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,540 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
U.S. Census Bureau data (2024)
1620 FMR (zip FY 2024) stands as the maximum monthly rental assistance payment for Mason, NH, underlining the federal guideline for affordability. In contrast, the $1,131 market rent (Census ACS) reflects the actual average rent paid by tenants, suggesting a potential gap between what the government deems affordable and the market reality. The $480,211 median home value indicates a robust housing market, where property values are significantly higher than the national average, creating opportunities for long-term investment and appreciation. With a 17.5% renter share, it's evident that a considerable portion of the population relies on rental properties, making it a viable market for landlords. However, the $90,451 median income highlights a workforce that might struggle to meet higher rent demands, emphasizing the importance of aligning rental prices with the local economic conditions. The absence of day DOM (days on market) and % price-cut share data suggests a stable market with little need for aggressive pricing strategies or prolonged vacancy periods. For landlords and small-portfolio investors, these numbers point to a balanced approach: leveraging the high median home value while being mindful of the median income and market rent. The verdict on Section 8 in Mason, NH, is positive, given the alignment of the FMR with the local economic landscape.
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.