Location: Grafton County, NH | Metro: Grafton County, NH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
U.S. Census Bureau data (2024)
The analysis of ZIP 03238 within the NH metro area reveals several critical points for potential landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,690. However, the lack of available market rent data means that it's impossible to make a direct comparison. This absence suggests either an underdeveloped rental market or insufficient data collection, which could be a risk factor for investment.
Regarding the affordability of acquisition, the median home value and typical days on market (DOM) are not provided. Additionally, the percentage of homes requiring price cuts is also missing. Without these key indicators, assessing the ease or difficulty of acquiring property in this ZIP code remains speculative. Investors should seek out local real estate agents or other sources to fill this informational gap before making any decisions.
The third point concerns tenant demand. With a population of only 64 people and a 0.0% renter share, it is evident that there is virtually no demand for rental properties in this area. This demographic situation makes it highly unlikely that a rental property would find tenants, thus posing a significant challenge to the viability of such an investment.
In conclusion, ZIP 03238 presents a challenging environment for landlords and small-portfolio investors due to the limited population and absence of renters. The uncertainty around market rents and property acquisition costs further complicates the decision-making process. Given the FMR of $1,690 and the lack of tenant demand, investing in rental properties here is not advisable unless there is a compelling reason to believe that these conditions will change significantly in the near future.
Data Sources: FMR data from HUD (2027). 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.