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 | $1,710 |
| 1 Bedroom | $1,980 |
| 2 Bedrooms | $2,460 |
| 3 Bedrooms | $3,180 |
| 4 Bedrooms | $3,480 |
| 5 Bedrooms | $4,037 |
| 6 Bedrooms | $4,521 |
| 7 Bedrooms | $4,883 |
| 8 Bedrooms | $5,127 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,980 | $242,213 | 0.82% | C |
| 2BR | $2,460 | $357,320 | 0.69% | D |
| 3BR | $3,180 | $523,781 | 0.61% | D |
| 4BR | $3,480 | $619,553 | 0.56% | F |
| 5BR | $4,037 | $680,510 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 03063, located in Nashua, New Hampshire, presents an interesting scenario for both renters and landlords alike. The median household income here stands at $107,630, which is relatively high. However, when compared to the market rate rent of $2,180 (ZORI), it becomes evident that affording housing is a significant challenge for many residents.
The Federal Market Rent (FMR) for ZIP 03063 in fiscal year 2024 is set at $2,120, closely aligning with the market rate. This means that households receiving vouchers will have a budget that is nearly equivalent to the actual rental prices in the area. Given that 37.4% of the 15,805 population are renters, the competition among landlords for tenants is intense.
To put this into perspective, consider a household earning the median income of $107,630 annually. This translates to roughly $8,970 per month before taxes. After accounting for typical monthly expenses such as utilities, groceries, and other necessities, the $2,180 rent represents a substantial portion of their disposable income. As such, the affordability gap is significant, indicating that many renters may find it difficult to pay the full market rate without assistance.
For landlords, this suggests a strategic approach is necessary when deciding between accepting voucher payments or relying solely on cash-paying tenants. While voucher payments offer a guaranteed source of income, albeit slightly below market rates, the stability they provide can be invaluable. On the other hand, cash-paying tenants might offer higher rents but come with the risk of vacancy due to the financial strain many face.
The takeaway for landlords is clear: embracing a mix of both voucher and cash-paying tenants can help stabilize income while remaining competitive in the local market. By understanding the financial realities faced by many renters in ZIP 03063, landlords can better position themselves to attract and retain tenants, ensuring a steady stream of rental 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.