Location: Cheshire County, NH | Metro: Hillsborough County, NH (part) HUD Metro FMR Area
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 | $1,540 |
| 2 Bedrooms | $2,020 |
| 3 Bedrooms | $2,410 |
| 4 Bedrooms | $3,380 |
| 5 Bedrooms | $3,921 |
| 6 Bedrooms | $4,392 |
| 7 Bedrooms | $4,743 |
| 8 Bedrooms | $4,980 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,020 | $385,564 | 0.52% | F |
| 3BR | $2,410 | $472,016 | 0.51% | F |
| 4BR | $3,380 | $571,087 | 0.59% | F |
| 5BR | $3,921 | $757,369 | 0.52% | F |
U.S. Census Bureau data (2024)
ZIP 03458, located in Peterborough, NH, within Cheshire County, offers a unique opportunity for inclusion in a Section 8 portfolio strategy. This area stands out as a cash-flow anchor. The Federal Market Rent (FMR) for FY 2024 is set at $1620, which is notably higher than the current market rent of $1396. This creates a positive spread that ensures landlords can maintain steady and reliable cash flow.
The median home value in ZIP 03458 is $477,304, indicating a relatively stable housing market. However, the primary focus for a Section 8 investment here should be on the rental income potential rather than the property value appreciation. The price-cut share is only 0.2%, and the Day on Market (DOM) is not applicable, suggesting little need for aggressive pricing strategies or long waiting periods to secure tenants.
Additionally, ZIP 03458 has a renter share of 41.8%, meaning nearly half of the residents are renters, providing a robust tenant pool. The median income of $98,684 suggests that residents have the financial stability to meet their rental obligations, further reinforcing the reliability of cash flow from Section 8 properties.
In conclusion, ZIP 03458 serves best as a cash-flow anchor within a Section 8 portfolio due to the favorable spread between the FMR and market rents, along with the stable tenant population and financial health of the area's residents.
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.