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 | $1,410 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,660 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,040 | $501,991 | 0.41% | F |
| 3BR | $2,660 | $546,851 | 0.49% | F |
| 4BR | $2,700 | $736,826 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 03450, located in Harrisville, NH, has a population of 885 residents, with only 5.7% being renters. This indicates that the area is predominantly homeowner-dominated, which means that the demand for rental properties, especially those utilizing Section 8 vouchers, is likely to be lower compared to more renter-heavy areas. The median household income stands at $103,036, reflecting a relatively affluent community.
In this context, the typical market rent of $1,611 represents a significant portion of the local income. Specifically, the average rent consumes approximately 15.6% of the median household income. However, the Fair Market Rent (FMR) for the area is set at $2,260, which is notably higher than the actual market rent. This discrepancy suggests that the local rental market may not fully utilize the maximum allowable voucher amounts, leaving some room for landlords to potentially negotiate higher rents within the voucher program's limits.
Given the demographic and economic characteristics of Harrisville, landlords can expect tenants who are likely to have additional sources of income beyond their voucher assistance. The typical tenant will be someone who values the amenities and lifestyle offered by this smaller, more affluent community but may still require financial assistance to meet housing costs. Landlords should prepare for a tenant pool that is selective about housing options and possibly includes families or individuals who are transitioning into homeownership or maintaining a secondary residence.
To conclude, while Harrisville, NH is not a renter-heavy area, it does present opportunities for landlords willing to work within the constraints of the Section 8 voucher program. The expected tenant profile will be one that fits comfortably within the community's socioeconomic fabric, benefiting from the voucher program to afford housing in an otherwise high-cost environment.
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.