Location: Hillsborough County, NH | Metro: Manchester, NH HUD Metro FMR Area
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 | $1,490 |
| 1 Bedroom | $1,640 |
| 2 Bedrooms | $2,140 |
| 3 Bedrooms | $2,550 |
| 4 Bedrooms | $2,810 |
| 5 Bedrooms | $3,260 |
| 6 Bedrooms | $3,651 |
| 7 Bedrooms | $3,943 |
| 8 Bedrooms | $4,140 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,140 | $408,686 | 0.52% | F |
| 3BR | $2,550 | $522,547 | 0.49% | F |
| 4BR | $2,810 | $602,728 | 0.47% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 03281, Weare, NH, in fiscal year 2024 is set at $1940. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, known officially as the Housing Choice Voucher Program. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the program to determine the maximum subsidy.
To put this into perspective, the average rent for a two-bedroom apartment in Weare, NH, according to the Census Bureau's American Community Survey (ACS), is $1541. This means that the Section 8 payment standard is higher than the typical market rate, which could be beneficial for landlords who want to ensure they cover their costs and possibly earn a bit more.
The 6.5% renter share in Weare indicates that about 6.5% of the population are renters. While this percentage might seem low, it still represents a significant demand for affordable housing units. To translate this into a potential number of tenants, consider that an acquisition cost of approximately $509,033 for a property in this area would likely attract those seeking stable, affordable housing options.
If you're considering your first Section 8 rental in Weare, NH, the FMR of $1940 provides a clear benchmark for setting your rent. However, before making a final decision, you must verify that the property meets the minimum standards required by the program. These standards include ensuring the unit is safe, decent, and sanitary, which is essential for approval and maintaining your voucher status.
In conclusion, the Section 8 program offers a defined payment standard that can help cover your costs and even provide a slight premium over the local average rent. With a 6.5% renter share and an acquisition cost around $509,033, there is a solid demand for affordable housing in Weare. But remember, the key to success is ensuring your property complies with the program's minimum standards.
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.