Location: Coos County, NH | Metro: Coos 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 | $1,420 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,380 | $424,534 | 0.56% | F |
U.S. Census Bureau data (2024)
In ZIP code 03593, the Section 8 economics present a unique scenario for landlords and small-portfolio investors. The SAFMR (Section 8 Area Fair Market Rent) for a two-bedroom apartment is set at $1,930 for the fiscal year 2026. This figure represents the maximum amount the federal government will pay landlords under the Housing Choice Voucher program for a unit of this size. However, it's important to note that the local market rent for a similar unit is lower, at $1,667 according to the Census ACS.
The actual reimbursement received by a landlord depends on the specifics of the voucher and the tenant's contribution. The tenant is typically responsible for paying 30% of their adjusted income toward rent. If we assume an average adjusted income for the tenant, they would contribute approximately $490 towards the rent. The remaining balance is then covered by the voucher program. For instance, if the total rent is set at $1,930, the voucher would cover the difference between the tenant's contribution and the SAFMR, which is $1,440. However, landlords should also consider utility allowances when calculating the final reimbursement.
The utility allowance varies but is usually around $200-$300 per month. This means the total reimbursement could be slightly higher than $1,440, depending on the utility allowance agreed upon. It's crucial for landlords to understand these components to accurately assess their potential income from renting to Section 8 tenants.
To summarize, in ZIP 03593, the typical reimbursement for a two-bedroom unit would be around $1,440 plus the utility allowance, totaling roughly $1,640-$1,740. Given the local market rent is $1,667, landlords might see a slight surplus or very minimal gap, depending on the exact terms of the voucher and the utility allowance. This makes ZIP 03593 relatively attractive for landlords participating in the Section 8 program, as the reimbursement rates closely align with market conditions.
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.