Location: Merrimack County, NH | Metro: Merrimack County, NH
| 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 |
U.S. Census Bureau data (2024)
Pittsfield, NH, specifically ZIP code 03263, is a modest-sized neighborhood with a population of 4,105 residents. Approximately 31.2% of the residents are renters, indicating a significant portion of the community relies on rental housing. The median household income in this area is $74,318, reflecting a middle-class community. Median home values stand at $413,111, which suggests a mix of affordable and moderately priced homes.
The Federal Market Rent (FMR) for ZIP 03263 is set at $1,690 for the metro area fiscal year 2026. In contrast, the actual market rent, according to the Census Bureau's American Community Survey (ACS), is $1,239. This discrepancy between FMR and market rent offers insight into the potential profitability for landlords participating in the Section 8 program. Landlords can expect to receive a higher subsidy rate than the prevailing market rate, which can be advantageous for maintaining property cash flow and covering expenses.
Given these economic parameters, ZIP 03263 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the guaranteed rental income through the Section 8 program, coupled with the higher FMR compared to market rates, provides a stable investment opportunity. Meanwhile, value-add buyers can leverage the difference between the FMR and the actual market rent to improve properties, potentially increasing their long-term value and rental appeal. However, it is crucial for investors to consider the local demand for rental housing and the management requirements associated with Section 8 properties before making an investment decision.
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.