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 | $2,510 |
| 1 Bedroom | $2,710 |
| 2 Bedrooms | $3,550 |
| 3 Bedrooms | $4,230 |
| 4 Bedrooms | $4,670 |
| 5 Bedrooms | $5,417 |
| 6 Bedrooms | $6,067 |
| 7 Bedrooms | $6,552 |
| 8 Bedrooms | $6,880 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,710 | $453,741 | 0.6% | F |
| 2BR | $3,550 | $550,639 | 0.64% | D |
| 3BR | $4,230 | $722,921 | 0.59% | F |
| 4BR | $4,670 | $1,042,341 | 0.45% | F |
| 5BR | $5,417 | $1,405,919 | 0.39% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 03087 (Windham, NH) on the yield and stability axes reveals a nuanced investment landscape. On the yield axis, the Fair Market Rent (FMR) for 2024 is set at $2,880. This figure is lower than the market rent of $3,218, indicating potential opportunities for landlords who can secure higher rents through market-rate leasing. However, the median home value stands at $789,656, which is relatively high and suggests that the area may cater more towards homeownership rather than rental properties.
Moving onto the stability axis, the percentage of renters is only 6.1%, a low figure that points towards a market dominated by homeowners. The lack of data on days on market (DOM) indicates an absence of recent foreclosures or distressed properties, which could otherwise suggest instability. Lastly, the median household income is $189,583, a significant amount that supports the notion of a stable economic environment, but also implies a strong preference for owning homes over renting them.
Given these figures, ZIP 03087 leans more towards a steady-cashflow zone rather than a high-yield/low-stability market. The relatively high FMR and market rent provide a solid basis for predictable cash flow, while the high median income ensures that tenants are likely to be financially stable. However, the low percentage of renters and high home values indicate a less dynamic rental market, making it less suitable for quick flips or speculative investments.
To summarize, Windham, NH, offers a balanced approach with moderate yields and reasonable stability, making it a good fit for those seeking consistent returns without the volatility associated with highly transient rental markets. Landlords should focus on long-term strategies to capitalize on the area's financial stability and the demand for quality rental units.
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.