Section 8 Fair Market Rent (FMR) for ZIP 03254 - 2027

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

Investment Score for ZIP 03254

F
Monthly Rent (2BR)
$1,870
Median Price (2BR)
$577,192
1% Rule
0.32%
Annual Yield
3.89%

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$1,300
1 Bedroom$1,470
2 Bedrooms$1,870
3 Bedrooms$2,570
4 Bedrooms$3,090
5 Bedrooms$3,584
6 Bedrooms$4,014
7 Bedrooms$4,335
8 Bedrooms$4,552

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 $1,870 $577,192 0.32% F
3BR $2,570 $711,445 0.36% F
4BR $3,090 $1,313,159 0.24% F
5BR $3,584 $3,295,222 0.11% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
5,172
Median Household Income
$106,440
Housing Units
5,011
Renter Percentage
7.4%
Occupancy Rate
43.4%
Renter Occupied
162

The market in Moultonborough, NH, encapsulated by ZIP code 03254, is characterized by a clear distinction between federally mandated Fair Market Rent (FMR) and actual market conditions. The FMR stands at $2,070 for fiscal year 2026, which is notably higher than the current market rent of $1,452 according to the Census American Community Survey (ACS).

A low price-cut share of 0.1% suggests that property owners are generally not feeling compelled to reduce their asking prices, indicating a market where demand meets supply closely or slightly exceeds it. This is further supported by the median home value of $714,005, suggesting a robust real estate environment.

The 7.4% renter share points towards a predominantly owner-occupied community, which can imply less immediate rental market pressure. However, this also means that any increase in rental demand could create significant long-term housing pressure, as the limited rental stock would be quickly absorbed.

In summary, the dynamics of the Moultonborough real estate market suggest a balanced scenario where demand is steady, and the relatively low renter population indicates potential for future rental market growth if economic conditions attract more renters to the area.

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.