Location: Hillsborough County, NH | Metro: Hillsborough County, NH (part) 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 | $1,650 |
| 1 Bedroom | $1,780 |
| 2 Bedrooms | $2,330 |
| 3 Bedrooms | $2,780 |
| 4 Bedrooms | $3,890 |
| 5 Bedrooms | $4,512 |
| 6 Bedrooms | $5,053 |
| 7 Bedrooms | $5,457 |
| 8 Bedrooms | $5,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,780 | $538,836 | 0.52% | F |
| 4BR | $3,890 | $634,686 | 0.61% | D |
U.S. Census Bureau data (2024)
A decision tree for whether to invest in ZIP 03082 using Section 8 involves three key questions.
1. Does the Fair Market Rent (FMR) of $1990 cover the debt service on a property valued at $524,673?
No. The FMR of $1990 would not be sufficient to cover the debt service on a property priced at $524,673. Debt service typically includes mortgage payments, property taxes, insurance, and maintenance costs. For a property of this value, the monthly debt service would likely exceed the FMR, making it difficult to break even solely on Section 8 vouchers.
2. Is the market rent of $1,482 above, at, or below the FMR?
The market rent of $1,482 is below the FMR of $1990. This indicates that the rental market in ZIP 03082 is less expensive than what is considered fair market value. However, since the FMR does not cover the debt service, this comparison is secondary to the primary financial viability issue.
3. Are there enough renters and days on market (DOM) to support demand?
The data shows that 7.9% of residents are renters, and the DOM figure is not available. Given the lack of data on DOM, we cannot definitively assess the demand level. However, the low percentage of renters suggests limited demand for rental properties overall, which could negatively impact the attractiveness of the area for Section 8 investments.
If the FMR does not cover the debt service, the answer is clear: do not purchase a property in ZIP 03082 for Section 8 purposes. Even if the market rent were higher than the FMR, the inability to meet debt obligations would make the investment unprofitable. The insufficient number of renters further diminishes the appeal of this ZIP code for such investments.
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.