Location: Hillsborough County, NH | Metro: Hillsborough County, NH (part) HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,610 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $2,310 |
| 3 Bedrooms | $2,750 |
| 4 Bedrooms | $3,860 |
| 5 Bedrooms | $4,478 |
| 6 Bedrooms | $5,015 |
| 7 Bedrooms | $5,416 |
| 8 Bedrooms | $5,687 |
The Section 8 market in ZIP code 03468, located in Hillsborough County, NH, presents a unique opportunity for real-estate investors. The HUD Fair Market Rent (FMR) for this area is set at $1760 for fiscal year 2024. However, due to the lack of specific market rent data, it's challenging to provide a direct comparison. Nonetheless, based on the HUD FMR alone, landlords can expect that voucher tenants will cashflow at this rate, but the exact margin will depend on the condition and size of the units.
The median home value in the area is also currently unavailable, which makes deriving an accurate rent-to-price ratio difficult. This metric would typically help investors understand the relative value of renting versus buying properties. In the absence of this data, it's important to focus on the stability provided by Section 8 vouchers, which guarantee consistent income and low vacancy rates.
Regarding the days on market (DOM) and price-cut share, these figures are not available, making it hard to assess the typical time and adjustments needed to sell homes in this area. Nevertheless, for investors looking to leverage the rental market, the predictability of the HUD FMR offers a stable investment strategy.
The strongest angle for investors in ZIP 03468 remains the guaranteed cashflow from Section 8 vouchers, ensuring steady income regardless of broader market fluctuations. This predictability is particularly valuable in areas where market data is sparse or unreliable, providing a solid foundation for investment decisions.
Data Sources: FMR data from HUD (2027).
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.