Location: Hillsborough County, NH | Metro: Manchester, 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 | $1,330 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,540 |
| 4 Bedrooms | $2,790 |
| 5 Bedrooms | $3,236 |
| 6 Bedrooms | $3,624 |
| 7 Bedrooms | $3,914 |
| 8 Bedrooms | $4,110 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,920 | $474,923 | 0.4% | F |
| 3BR | $2,540 | $609,514 | 0.42% | F |
| 4BR | $2,790 | $768,146 | 0.36% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 03070, which includes New Boston, NH, is set at $1620 for fiscal year 2024. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It does not reflect the rent you can charge your tenants; rather, it's the maximum amount that the housing authority will pay toward the tenant's rent.
To put this into perspective, the average rent for the area, based on Census American Community Survey data, is $1,193. This indicates that the FMR is higher than the typical market rate, providing an incentive for landlords to participate in the program. The difference between the FMR and the average rent suggests that landlords could potentially receive a subsidy that covers the gap between the two amounts, ensuring they are paid the FMR regardless of the tenant's portion.
The 12.0% renter share in New Boston signals a moderate demand for rental properties. However, for those interested in Section 8 rentals, this share is less relevant than the number of voucher holders who might be looking for housing. To assess demand accurately, consider contacting the local housing authority to inquire about the number of active vouchers in the area.
If you're looking to acquire a property for a Section 8 rental, the median home value in New Boston is approximately $625,692. This is the price point you should expect when purchasing a home in the area. Keep in mind that the acquisition cost will vary depending on the condition and location of the property.
Before committing to a Section 8 rental property, verify that the property meets all necessary requirements for participation in the program. This includes passing a thorough inspection to ensure it complies with health and safety standards. The housing authority will conduct this inspection to confirm that the unit is suitable for occupancy.
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.