Location: Western Rockingham County, NH | Metro: Lawrence, MA-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 | $1,520 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,770 |
| 4 Bedrooms | $2,780 |
| 5 Bedrooms | $3,225 |
| 6 Bedrooms | $3,612 |
| 7 Bedrooms | $3,901 |
| 8 Bedrooms | $4,096 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,580 | $308,496 | 0.51% | F |
| 2BR | $2,070 | $434,298 | 0.48% | F |
| 3BR | $2,770 | $531,578 | 0.52% | F |
| 4BR | $2,780 | $610,358 | 0.46% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 03077, Raymond, NH, is set at $2,020 for fiscal year 2024. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount that the government will pay to cover rent for a voucher holder in your area. It's important to note that this does not necessarily mean you can charge $2,020 as rent; it simply sets the upper limit for government reimbursement.
To put this into context, the average market rent for a two-bedroom apartment in ZIP 03077 is currently $1,376, according to the latest Census Bureau American Community Survey data. This indicates that the FMR is higher than the typical rental rate, which could be beneficial if you're looking to enter the Section 8 market.
The 14.2% share of renters in the area suggests that while demand for rentals exists, it might not be overwhelming. However, the presence of the Section 8 program can help fill vacancies that might otherwise go unfilled due to the limited number of renters.
When considering the acquisition cost of a property in Raymond, NH, the median home value is around $480,207. This figure can serve as a baseline for understanding the investment required to purchase a property suitable for Section 8 tenants.
Before you decide to take the plunge into Section 8 real estate, one crucial verification step is to ensure that your property meets the minimum housing quality standards known as Housing Quality Standards (HQS). These standards are designed to ensure that the homes are safe and habitable, and failing to meet these can lead to disqualification from the program.
In summary, the FMR of $2,020 provides a clear guideline for the maximum government reimbursement you can receive, making it an attractive option given the local average rent of $1,376. With a relatively low renter share, the Section 8 program can help stabilize occupancy rates, and the median home value gives you a sense of the initial investment needed. Just remember to check HQS compliance before proceeding.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.