Location: Sullivan County, NH | Metro: Sullivan County, NH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
U.S. Census Bureau data (2024)
12.4% of the residents in ZIP 03607 are renters, indicating a smaller but still significant demand for rental properties. $306,373 is the median home value, which is considerably lower than the $1,750 Fair Market Rent (FMR) set for metro areas in fiscal year 2026, suggesting a potential gap between homeownership and rental affordability. Landlords can leverage this difference by offering units at or near the $1,750 FMR to attract tenants who might otherwise struggle to find suitable housing. The $1,341 average market rent, derived from Census ACS data, shows that there's already a competitive rental market where landlords can adjust their pricing strategies to remain attractive without overpricing.
$84,306 is the median income in the area, providing insight into the financial capacity of potential tenants. Given this income level, the $1,750 FMR represents a substantial portion of monthly earnings, making it crucial for landlords to ensure their properties meet the standards required for Section 8 participation. The lack of specific data on days on market (DOM) and the percentage of price-cut shares suggests that the rental market in ZIP 03607 is stable and less prone to rapid fluctuations, allowing landlords to maintain consistent pricing without frequent adjustments.
Investors should note that the $1,750 FMR provides a benchmark for rental rates that align with government subsidies, ensuring a steady stream of qualified tenants. By setting rents at or slightly below this figure, landlords can maximize occupancy and minimize vacancy periods. The $1,341 market rent indicates that there's room for adjustment upwards, especially if the property quality justifies a premium. However, given the median income, landlords must balance higher rents with the availability of subsidies to avoid deterring potential tenants.
In conclusion, the combination of a lower median home value and a higher FMR presents an opportunity for landlords in ZIP 03607 to participate effectively in the Section 8 program. With careful consideration of the $84,306 median income and the $1,341 market rent, landlords can position themselves competitively while ensuring compliance with the $1,750 FMR. The verdict: ZIP 03607 is a viable market for Section 8 landlords and small-portfolio investors seeking stable returns and tenant occupancy.
Data Sources: FMR data from HUD (2027). 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.