Section 8 Fair Market Rent (FMR) for ZIP 03584 - 2027

Location: Coos County, NH | Metro: Coos County, NH

Investment Score for ZIP 03584

Monthly Rent (2BR)

$1,230

Median Price (2BR)

$270,374

1% Rule

0.45%

Annual Yield

5.46%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$970
1 Bedroom	$970
2 Bedrooms	$1,230
3 Bedrooms	$1,630
4 Bedrooms	$1,640
5 Bedrooms	$1,902
6 Bedrooms	$2,130
7 Bedrooms	$2,300
8 Bedrooms	$2,415

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,230	$270,374	0.45%	F
3BR	$1,630	$315,985	0.52%	F
4BR	$1,640	$347,164	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,501

Median Household Income

$66,768

Housing Units

1,792

Renter Percentage

24.2%

Occupancy Rate

88.8%

Renter Occupied

386

The town of Lancaster, NH, located in Belknap County, is a quiet suburban community with a strong sense of local heritage and a growing interest in affordable housing options. Its proximity to larger urban centers like Manchester and Concord makes it an attractive location for those seeking a tranquil living environment without being too far from essential services and employment opportunities.

Fair Market Rent (FMR): The FMR for Lancaster, NH, as of fiscal year 2026, stands at $1,320 for a two-bedroom apartment, indicating a moderate demand for rental properties.
Market Rent: According to Census ACS data, the average market rent in the area is $1,028, suggesting that rental properties priced near the FMR will be competitive.
Median Home Value: The median home value in Lancaster is $296,017, which is relatively stable and provides a good benchmark for property values in the area.
Renter Share: Approximately 24.2% of Lancaster's residents are renters, pointing to a significant but not overwhelming rental market presence.
Days on Market (DOM): While the exact days on market for rental listings are not available, the trend suggests that properties listed around the FMR are likely to attract tenants quickly.
Median Income: The median household income in Lancaster is $66,768, which supports the affordability of both rental and purchase options within the town.

Analyzing these key metrics, investors can conclude that Lancaster, NH, offers a balanced market for both rental and home ownership opportunities. With a median home value of $296,017 and a median income of $66,768, the area presents a favorable environment where residents can afford housing costs. The gap between the Fair Market Rent ($1,320) and the actual market rent ($1,028) indicates potential for rental pricing adjustments, while the 24.2% renter share suggests a steady demand for rental units. Although specific days on market data is unavailable, the overall economic indicators suggest that well-priced rental properties should find tenants promptly. This combination of factors makes Lancaster a viable investment destination for landlords and small-portfolio investors looking for stability and reasonable returns.

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.