Location: Cheshire County, NH | Metro: Cheshire 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 | $1,350 |
| 1 Bedroom | $1,490 |
| 2 Bedrooms | $1,950 |
| 3 Bedrooms | $2,540 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,540 | $419,909 | 0.6% | D |
U.S. Census Bureau data (2024)
ZIP 03445, located in Cheshire County, NH, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $2,160. This figure stands significantly above the market rate of $1,225 for similar properties, providing a substantial cushion for landlords and investors. The spread between these two rates ensures that even if market conditions fluctuate, there is a reliable income stream due to the higher guaranteed rental payments.
The median home value in ZIP 03445 is $379,855. Given the disparity between the FMR and the market rate, this area offers a secure investment option where the rental income can comfortably cover mortgage payments, maintenance costs, and other expenses associated with property ownership. Landlords and small-portfolio investors should focus on acquiring properties in this ZIP code to stabilize their overall cash flow, especially considering the high median income of $106,667 which suggests a financially capable resident population.
While the ZIP does not present itself as an appreciation play due to the lack of data indicating significant price increases or quick sales (N/A% price-cut share, N/A-day Days on Market), it still holds merit as a diversifier. With a renter share of 6.4%, landlords can balance their portfolios by including a mix of owner-occupied and rental properties, thereby reducing risk exposure to any single type of property. The high median income further supports the stability of this diversification strategy, ensuring that tenants are likely to have the financial means to consistently pay rent.
In conclusion, ZIP 03445 is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The $935 spread between the FMR and the market rate provides a reliable source of income, making it a safe bet for landlords and investors looking to secure steady returns. Although it lacks the potential for rapid appreciation, its strong tenant base and financial stability make it a valuable component for portfolio diversification.
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.