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 | $1,180 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,130 | $433,405 | 0.49% | F |
U.S. Census Bureau data (2024)
ZIP code 03293 is located in Woodstock, NH, and the data surfaces several key points for investors considering the area. A common objection raised by skeptical investors is whether the Fair Market Rent (FMR) of $1,740 will sufficiently cover the mortgage on a home priced at $406,739. According to recent real estate market analysis, the average mortgage payment for a home in this price range is around $1,800-$2,000 per month, assuming a typical interest rate. This means that relying solely on the FMR might not be enough to cover the mortgage, leaving a gap of approximately $60-$260 per month.
Another concern is the level of renter demand, which stands at 12.5%. This percentage indicates the portion of the population that is renting rather than owning their homes. While this figure is relatively low, it suggests a stable rental market given the demographic composition of Woodstock, NH. However, the data does not provide specific figures on the number of renters or the vacancy rate, making it difficult to assess the full scope of demand without further investigation.
The question of whether Housing Choice Vouchers will keep pace with market rents is also pertinent. Unfortunately, the data does not specify the current or projected utilization rates of vouchers in ZIP 03293. The lack of this information means that while vouchers can help stabilize rental income, their effectiveness in keeping up with rising market rents remains uncertain.
To summarize, the FMR of $1,740 may not fully cover the mortgage payments on a $406,739 home. The 12.5% renter demand suggests a modest but stable rental market. Lastly, the impact of Housing Choice Vouchers on covering market rents in ZIP 03293 is unclear due to the absence of specific data on voucher utilization rates.
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.