Location: Hillsborough County, 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 | $1,480 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,120 |
| 3 Bedrooms | $2,740 |
| 4 Bedrooms | $3,000 |
| 5 Bedrooms | $3,480 |
| 6 Bedrooms | $3,898 |
| 7 Bedrooms | $4,210 |
| 8 Bedrooms | $4,421 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,710 | $290,507 | 0.59% | F |
| 2BR | $2,120 | $392,607 | 0.54% | F |
| 3BR | $2,740 | $535,591 | 0.51% | F |
| 4BR | $3,000 | $624,525 | 0.48% | F |
| 5BR | $3,480 | $649,806 | 0.54% | F |
U.S. Census Bureau data (2024)
The dynamics of the ZIP 03055 real estate market in Milford, NH, reveal a market in motion, where the balance between supply and demand is critical. With a Fair Market Rent (FMR) of $1870 for the fiscal year 2024 and a market rent (ZORI) of $1,908, it suggests that rental prices are slightly above what the government considers fair. This indicates a strong rental market, with landlords able to command higher rents.
The 0.3% price-cut share reflects that very few properties are being discounted to sell, which typically points to a market where demand is robust relative to supply. Although the days on market (DOM) is not available, the low price-cut share implies that homes are selling close to their asking price, suggesting a competitive environment for buyers. The median home value of $508,524 further supports this notion, showing that the area is desirable and maintains a steady valuation.
A 35.1% renter share highlights a significant portion of the population choosing to rent rather than buy. This high percentage can be indicative of several factors: young professionals, families looking for flexibility, or individuals who are unable to secure financing for homeownership. Over the long term, this could mean sustained pressure on rental availability, as a large segment of the population relies on rentals. For landlords and small-portfolio investors, this means there's likely a consistent demand for rental properties, making ZIP 03055 a stable investment opportunity.
In summary, ZIP 03055 presents a market where demand appears to be keeping pace with or slightly exceeding supply, especially in the rental sector. This balance is reflected in the relatively high ZORI compared to FMR, the low price-cut share, and the significant renter share, all of which point towards a market that is currently moving in favor of landlords and investors maintaining rental properties.
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.