Location: Nashua, NH | Metro: Nashua, 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 | $1,560 |
| 1 Bedroom | $1,810 |
| 2 Bedrooms | $2,240 |
| 3 Bedrooms | $2,900 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,240 | $544,808 | 0.41% | F |
| 3BR | $2,900 | $714,451 | 0.41% | F |
| 4BR | $3,170 | $919,901 | 0.34% | F |
| 5BR | $3,677 | $1,100,603 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 03049 in Hollis, NH, stands out within Hillsborough County due to its unique demographic and economic characteristics. With a population of 8,603 residents, it has a relatively low rental rate of 8.3%, indicating that most of the residents are homeowners. The median household income in this ZIP code is $168,883, which is significantly higher than the national average, reflecting a prosperous community. The median home value is also notably high at $794,571, suggesting that property values are robust and likely to attract affluent buyers.
For landlords and small-portfolio investors considering Section 8 vouchers, the financial landscape presents both opportunities and challenges. The Fair Market Rent (FMR) for ZIP 03049 as of the fiscal year 2024 is set at $2,340, while the actual market rent, according to Census ACS data, averages $1,598. This discrepancy means that landlords who accept Section 8 vouchers can potentially charge higher rents compared to the local market rates, thereby increasing their revenue per unit. However, it's important to note that the higher FMR does not necessarily reflect the overall affordability of the area for low-income tenants, as the median income and home values indicate a generally expensive market.
The data signature for ZIP 03049 suggests a stable environment. The high median income and home values indicate a strong economic foundation that supports property investment. Despite the low rental rate, the availability of Section 8 vouchers at a premium to the market rate can provide a steady income stream for landlords willing to participate in the program. Given these factors, the ZIP code appears to be a reliable choice for long-term investments, with the potential for steady growth and minimal risk of sudden economic downturns.
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.