Location: Merrimack County, NH | Metro: Merrimack County, NH
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 | $1,230 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,780 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,360 | $284,021 | 0.48% | F |
| 2BR | $1,780 | $345,107 | 0.52% | F |
| 3BR | $2,350 | $394,894 | 0.6% | F |
| 4BR | $2,360 | $420,484 | 0.56% | F |
| 5BR | $2,738 | $457,394 | 0.6% | F |
U.S. Census Bureau data (2024)
35.5% of residents in ZIP 03235, Franklin, NH, are renters, indicating a significant portion of the population relies on rental housing. The $1,700 Fair Market Rent (FMR) for the metro area in fiscal year 2026 suggests that landlords can charge close to this amount for a moderate-quality unit. However, the actual market rent, as per Census ACS data, stands at $1,110, which is notably lower than the FMR, suggesting potential opportunities for landlords to adjust their pricing strategies. The median home value in the area is $377,362, reflecting a relatively stable housing market. Despite this, the median income of $71,775 may pose challenges for some renters to afford even the market rent, let alone the higher FMR rates. The lack of available data on days on market (DOM) and the percentage of price-cut share indicates either a very efficient market where homes are quickly rented out at or near asking price, or a data gap that investors should be aware of when analyzing the local rental market. Given the discrepancy between the FMR and market rent, coupled with the median income figures, it's clear that the Section 8 program could play a pivotal role in stabilizing rental incomes for landlords in Franklin, NH. The program offers a guaranteed rent payment of $1,700, which is above the current market rate, making it an attractive option for those seeking steady cash flow. Moreover, the high renter share of 35.5% ensures a consistent demand for rental properties, further solidifying the appeal of the Section 8 program in this area. In conclusion, the Section 8 program presents a viable and lucrative opportunity for landlords and small-portfolio investors in ZIP 03235.
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.