Location: Cheshire County, NH | Metro: Cheshire County, NH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,300 |
| 5 Bedrooms | $2,668 |
| 6 Bedrooms | $2,988 |
| 7 Bedrooms | $3,227 |
| 8 Bedrooms | $3,388 |
U.S. Census Bureau data (2024)
ZIP code 03441, located in New Hampshire, is a small, close-knit neighborhood with a total population of 593 residents. Thirty-one point three percent of these residents are renters, indicating a modest demand for rental properties. The median household income in this area stands at $53,816, which reflects a middle-class community. The median home value is $248,865, suggesting that homeownership is relatively affordable.
The Fair Market Rent (FMR) for the metro area, applicable for fiscal year 2026, is set at $1,710. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit. However, the market rent data for ZIP 03441 is currently unavailable, making it difficult to compare the FMR against actual market rates. Despite this lack of data, we can infer that the FMR is likely to be competitive given the modest median income levels.
For hands-off Section 8 operators, ZIP 03441 could be an attractive location due to the manageable size of the rental market and the clear guidelines provided by the FMR. The relatively low median home value also means that landlords may not face significant competition from homeownership incentives, potentially stabilizing the rental market. However, for those looking to engage in value-add strategies, the absence of detailed market rent data poses a challenge. Without this information, it's hard to gauge whether there's room for increasing rents above the FMR or if the local market is already saturated with affordable housing options.
In summary, ZIP 03441 is best suited for landlords who prefer a straightforward, hands-off approach to managing Section 8 properties. For those interested in more active management and value creation, further research into the local rental market dynamics would be necessary before making any investment decisions.
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.