Location: Grafton County, NH | Metro: Grafton 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 | $1,330 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,750 | $315,633 | 0.55% | F |
| 3BR | $2,380 | $421,496 | 0.56% | F |
| 4BR | $2,390 | $490,326 | 0.49% | F |
U.S. Census Bureau data (2024)
ZIP code 03264 encompasses a part of Plymouth, NH, characterized by a modest population of 6,885 residents. A significant portion, 41.8%, are renters, indicating a notable demand for rental properties in the area. The median household income here is $76,892, suggesting a middle-class community with a reasonable standard of living. Median home values stand at $370,258, reflecting a stable real estate market with homes that are neither excessively expensive nor cheap.
From an investment perspective, the disparity between the Fair Market Rent (FMR) and the actual market rent provides insight into potential opportunities. The FMR for the metro area for fiscal year 2026 is set at $1,920, whereas the Census ACS data shows the market rent at $1,108. This indicates that there is room for rent increases, particularly for landlords participating in the Section 8 program, which can offer higher rents compared to the local market rates.
The landscape of ZIP 03264 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For those preferring a hands-off approach, the presence of the Section 8 program ensures a steady stream of tenants who can afford the higher FMR rates, thereby providing predictable cash flow. On the other hand, value-add buyers can leverage the gap between current market rents and FMR to renovate and upgrade properties, thus commanding higher rents and potentially increasing their returns on investment. However, it's important to note that the success of such strategies depends on understanding the local regulations and dynamics surrounding the Section 8 program.
In conclusion, ZIP 03264 offers a balanced environment for real estate investors, combining a stable economic base with potential for higher rental income through the Section 8 program. Whether one opts for a passive or active investment strategy, the area presents viable options for generating solid returns.
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.