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 | $1,380 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $3,310 |
| 5 Bedrooms | $3,840 |
| 6 Bedrooms | $4,301 |
| 7 Bedrooms | $4,645 |
| 8 Bedrooms | $4,877 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,360 | $565,403 | 0.42% | F |
| 4BR | $3,310 | $627,269 | 0.53% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 03084, which includes parts of Hillsborough County, NH, reveals a favorable environment for those seeking stable returns. The HUD Fair Market Rent (FMR) for this area is set at $1,860 per month for the fiscal year 2024, while the Census American Community Survey (ACS) reports a market rent of $1,169 per month. This significant gap between the HUD FMR and the actual market rent suggests that voucher tenants can cashflow at the FMR, providing a substantial buffer for landlords and small-portfolio investors.
To further understand the investment potential, consider the median home value of $549,526 in the area. Using this figure, we can derive a rent-to-price ratio. At $1,860 per month, the annual rental income would be approximately $22,320, leading to a rent-to-price ratio of roughly 4%. This ratio indicates that the rental income is relatively low compared to the property value, which could suggest that appreciation rather than cash flow might be the stronger investment angle. However, the stability provided by Section 8 vouchers ensures consistent income, making it a reliable investment option.
Note that the median Days on Market (DOM) and the percentage of homes that have experienced price cuts are listed as N/A. While these metrics are typically important for assessing the health of the housing market, the strong cashflow potential from the disparity between the HUD FMR and the market rent makes them less critical in this context.
The strongest investor angle in ZIP 03084 is stability. The guaranteed rental income from Section 8 vouchers provides a steady stream of cashflow, ensuring that investors can rely on consistent returns over time.
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.