Location: Carroll County, NH | Metro: Carroll County, NH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,440 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,820 |
| 4 Bedrooms | $3,310 |
| 5 Bedrooms | $3,840 |
| 6 Bedrooms | $4,301 |
| 7 Bedrooms | $4,645 |
| 8 Bedrooms | $4,877 |
U.S. Census Bureau data (2024)
The Section 8 cap rate analysis for ZIP code 03259 in New Hampshire provides a detailed look into potential rental yields for properties participating in the federal housing assistance program. Given the annualized Fair Market Rent (FMR) for a two-bedroom unit at $2,230 for fiscal year 2026, and the median home value of $514,959, we can derive some key insights.
In the context of Section 8 participation, the implied gross yield can be calculated using the FMR. Assuming a property owner receives the full FMR amount annually, the gross yield would be:
$2,230 * 12 months = $26,760 per year
Dividing this by the median home value gives us an implied gross yield:
$26,760 / $514,959 = 0.052 or 5.2%
This figure represents the potential gross yield if the property were rented exclusively under the Section 8 program. However, the lack of market rent data presents a challenge in comparing this scenario to traditional market yields. Without specific market rent figures, it's difficult to provide a precise gross yield for non-assisted rentals.
Given the 0.0% renter density and the N/A-day days on market (DOM), it's clear that traditional rental markets in ZIP 03259 are not robust. This suggests that the Section 8 program may offer a more stable and predictable income stream compared to speculative market rents. The 5.2% gross yield derived from the FMR is therefore a concrete baseline for investors considering Section 8 participation in this area.
While market conditions can fluctuate, the absence of competing rental data makes the Section 8 scenario more realistic for investment analysis in ZIP 03259. Investors should consider this yield in conjunction with other factors such as maintenance costs, vacancy rates, and the overall stability of the housing assistance program when making their investment decisions.
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.