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 | $1,460 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $2,720 |
| 4 Bedrooms | $2,970 |
| 5 Bedrooms | $3,445 |
| 6 Bedrooms | $3,858 |
| 7 Bedrooms | $4,167 |
| 8 Bedrooms | $4,375 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,100 | $444,175 | 0.47% | F |
| 3BR | $2,720 | $521,334 | 0.52% | F |
| 4BR | $2,970 | $602,373 | 0.49% | F |
| 5BR | $3,445 | $711,213 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 03064 in Nashua, NH, stands out within Hillsborough County due to its unique mix of population and housing characteristics. With a total of 14,391 residents, 43.2% of whom are renters, it reflects a community that is both diverse and heavily reliant on rental properties. The median income here is $96,393, indicating a middle-class area where residents have a moderate level of disposable income. The median home value in this ZIP is $521,982, which is notably higher than the national average and suggests a relatively affluent neighborhood.
For landlords and small-portfolio investors, understanding the voucher economics is crucial. The Fair Market Rent (FMR) for ZIP 03064 for fiscal year 2024 is set at $1,870, while the Zillow Observed Rent Index (ZORI) indicates a market rent of $2,186. This means that landlords participating in the Section 8 program can expect to receive a rent subsidy that is slightly below the current market rate, creating a potential gap between the actual rent collected and the market value of their properties. However, the difference is not substantial enough to deter participation, especially considering the stability and predictability that comes with government-backed vouchers.
The data signature for ZIP 03064 reads as stable. The high median home value and reasonable median income suggest a balanced economic environment where homeownership is common but not exclusive. The significant percentage of renters also points towards a steady demand for affordable housing options, making it an attractive location for those interested in the rental market. Given these factors, landlords and investors can anticipate a consistent flow of tenants and a stable rental market, with Section 8 vouchers serving as a reliable source of income for those willing to participate in the program.
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.