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 | $310,417 | 0.56% | F |
| 3BR | $2,270 | $361,349 | 0.63% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 03465, Troy, New Hampshire, is set at $1,780 for the fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, which means that if you participate in the Section 8 program, the government will pay up to this amount on behalf of eligible tenants. However, it's important to note that this is not the rent you'll charge your tenant; rather, it's the maximum amount that can be subsidized.
To put this into perspective, the average rent in Troy, NH, as reported by the Census Bureau's American Community Survey, is $1,024. This indicates that the FMR for Section 8 is significantly higher than the typical market rate, potentially offering a better income stream for landlords who join the program.
In Troy, approximately 22.8% of the population are renters. This suggests there is a moderate demand for rental properties, especially those that cater to low-income individuals through the Section 8 program. With the FMR being higher than the average rent, there should be sufficient interest among potential tenants.
If you're looking to acquire a property in this area, the median home value is around $333,000. This figure includes both owner-occupied homes and rental units. Given the FMR and the percentage of renters, a Section 8 rental unit could be a solid investment, particularly if you aim to keep your costs below the subsidy limit.
Before committing to a Section 8 rental, verify that the property meets all local housing quality standards. These standards ensure that the property is safe, decent, and sanitary for tenants, and failing to meet them can result in penalties or termination of the contract. Once you confirm compliance, you can proceed with confidence, knowing that your rental will not only serve the community but also provide a stable source of income.
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.