Section 8 Fair Market Rent (FMR) for ZIP 03227 - 2027

Location: Carroll County, NH | Metro: Carroll County, NH

Investment Score for ZIP 03227

Monthly Rent (2BR)

$2,350

Median Price (2BR)

$464,796

1% Rule

0.51%

Annual Yield

6.07%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,660
1 Bedroom	$1,820
2 Bedrooms	$2,350
3 Bedrooms	$3,250
4 Bedrooms	$3,820
5 Bedrooms	$4,431
6 Bedrooms	$4,963
7 Bedrooms	$5,360
8 Bedrooms	$5,628

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,350	$464,796	0.51%	F
3BR	$3,250	$603,021	0.54%	F
4BR	$3,820	$812,233	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,388

Median Household Income

$146,917

Housing Units

1,014

Renter Percentage

7.3%

Occupancy Rate

71.4%

Renter Occupied

Sandwich, NH, represented by ZIP code 03227, is a small town located in Rockingham County that offers a unique blend of rural charm and proximity to urban amenities. This area is particularly interesting for real estate investors due to its diverse economic profile and housing dynamics.

The Fair Market Rent (FMR) for the Sandwich, NH area, as part of the larger metro region for fiscal year 2026, is set at $2,560. This figure represents the HUD-established benchmark for rental rates and can be used to gauge the potential rental income for properties in the area.
The market rent, based on Census ACS data, stands at $1,571. This reflects the actual average rent paid by tenants in the area, indicating a gap between the HUD FMR and the local rental market, which could suggest opportunities for rental pricing adjustments.
The median home value in Sandwich, NH, is $571,349. This places the area in a high-value bracket, potentially offering strong appreciation potential for homeownership investments.
Renters make up only 7.3% of the population, which is a relatively low percentage. This indicates that the majority of residents prefer owning their homes, possibly due to the favorable conditions for homeownership.
The median income in the area is $146,917, suggesting a robust local economy where residents have disposable income for housing. However, the lack of data on days on market (DOM) for rentals implies that there might be limited recent activity in the rental market, making it harder to assess current trends.

For landlords and small-portfolio investors, the key takeaway is that Sandwich, NH, presents a stable investment environment. The significant disparity between the HUD FMR and the actual market rent suggests room for growth in rental prices, but caution is advised given the low renter share. High median incomes indicate that residents can afford higher rents, and the substantial median home value points to strong appreciation potential for those considering long-term homeownership investments. Despite the limited data on rental market activity, the overall economic health of the area supports a positive outlook for both rental and ownership 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.