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 | $1,500 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,740 | $259,123 | 0.67% | D |
| 2BR | $2,160 | $381,664 | 0.57% | F |
| 3BR | $2,800 | $493,113 | 0.57% | F |
| 4BR | $3,060 | $525,828 | 0.58% | F |
| 5BR | $3,550 | $591,063 | 0.6% | D |
U.S. Census Bureau data (2024)
The potential risks for a first-time Section 8 landlord in ZIP code 03060, Nashua, NH, are significant. Tenant turnover is a critical issue, as the market rent stands at $2,127 compared to the Fair Market Rent (FMR) of $1790 for FY 2024. This disparity can lead to higher tenant churn, with market-rate tenants leaving when they find more affordable options through Section 8 vouchers. Additionally, vacancy exposure is a concern due to the lack of available data on days on market (DOM), which indicates uncertainty around how quickly properties can be filled.
Deferred maintenance exposure is another challenge, especially considering the typical home value of $464,031 and the median household income of $79,855. These figures suggest that many residents may struggle to afford substantial repairs or improvements out-of-pocket, increasing the likelihood of deferred maintenance issues. Landlords must be prepared to manage these costs proactively, as they can impact property values and tenant satisfaction.
However, these risks are mitigated by the high renter share in the area, which is 62.9%. High renter density generally translates into higher demand for rental housing, including units that accept Section 8 vouchers. This robust demand can help ensure steady occupancy rates and reduce the financial impact of vacancy periods. Furthermore, the concentration of renters often correlates with a larger pool of potential voucher holders, providing landlords with a reliable source of tenants.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.