Section 8 Fair Market Rent (FMR) for ZIP 03108 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 03108, located in New Hampshire, is a desirable residential area that offers a mix of suburban and rural living. It is known for its quiet streets and proximity to amenities, making it attractive to both families and individuals seeking a peaceful environment. This analysis will provide insights into the rental market dynamics and housing values for potential investors.

• The Fair Market Rent (FMR) for ZIP 03108 for fiscal year 2024 is set at $1850. This figure represents the average rent for a two-bedroom apartment and serves as a benchmark for rental prices in the area.
• The median home value in ZIP 03108 is currently listed as N/A, indicating a lack of recent comprehensive data on home values. This could be due to limited transactions or a need for updated census information.
• The percentage of residents who are renters in ZIP 03108 is also marked as N/A, suggesting that there is insufficient data to determine the exact proportion of renters to homeowners.
• The Days on Market (DOM) for properties in ZIP 03108 is N/A, which means there is no current data available regarding how long homes typically stay on the market before being sold.
• The median household income for ZIP 03108 is recorded as N/A, reflecting a gap in the latest economic data for the area.

For small-portfolio investors and landlords looking to invest in ZIP 03108, the primary focus should be on the Fair Market Rent, which stands at $1850 for a two-bedroom unit. Despite the absence of detailed data on median home values, renter share, days on market, and median income, the established FMR provides a solid basis for setting competitive rental prices. Investors should conduct further localized research to fill in these data gaps and make informed decisions about property acquisition and management strategies.

Data Sources: FMR data from HUD (2027).

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.