Location: Sullivan County, NH | Metro: Sullivan 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 | $1,340 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,470 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,850 | $417,120 | 0.44% | F |
| 3BR | $2,470 | $522,813 | 0.47% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 03284, Springfield, NH, reveals a significant opportunity for cash flow generation. The HUD Fair Market Rent (FMR) for the Sullivan County, NH metro area in fiscal year 2026 is set at $2,050. This figure is notably higher than the average market rent reported by the Census Bureau's American Community Survey (ACS), which stands at $1,132. As such, landlords participating in the Section 8 program can expect strong cash flow when renting units at the HUD FMR rate.
To further illustrate the potential, consider the median home value in the area, which is $475,351. Using this figure, we can calculate the rent-to-price ratio. At an FMR of $2,050, the annual rent would be approximately $24,600, resulting in a rent-to-price ratio of roughly 5.2%. This ratio suggests that rental income is relatively high compared to property values, making it an attractive proposition for investors seeking a solid cash flow stream.
Note that the data does not provide the median days on market (DOM) or the percentage of properties that experience price cuts. However, these metrics are less critical in this context given the substantial difference between the HUD FMR and the actual market rent. The primary focus should remain on the financial benefits derived from the disparity between the two rates.
The strongest angle for investors in ZIP 03284 is undoubtedly cash flow. With the HUD FMR significantly above the local market rent, landlords can secure reliable income from voucher tenants while maintaining a competitive edge over non-subsidized rentals. This scenario presents a clear path to financial stability and growth through rental income, making it an ideal investment opportunity for those focused on steady returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.