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 | $1,200 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,740 | $353,305 | 0.49% | F |
| 3BR | $2,270 | $441,304 | 0.51% | F |
| 4BR | $2,300 | $524,257 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 03447, located in Fitzwilliam, NH, stands out within Cheshire County due to its unique demographic and economic characteristics. With a population of 2,278 residents, it has a very low rental rate at only 5.8%, indicating that the majority of homes are owner-occupied. The median income in this area is $100,735, which is relatively high, suggesting a community where most households earn above the national average. The median home value is $398,392, reflecting a stable and affluent local housing market.
Despite these favorable conditions, the rental market remains underdeveloped. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,680, but the lack of available market rent data suggests a limited supply of rental units. This gap between FMR and actual market rates can be indicative of an underserved rental market, particularly for those seeking assistance through Section 8 vouchers. Given the high median home value and the scarcity of rentals, landlords and small-portfolio investors should consider the potential demand for affordable rental options in this area.
The data signature for ZIP 03447 reads as "stable." The high median income and home values suggest a consistent economic environment where residents have the financial means to maintain their properties. However, the low rental rate and absence of market rent data indicate a transitional phase in the rental market, where there could be opportunities for investors to fill a need for affordable housing without significantly disrupting the established stability of the broader economy.
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.