Section 8 Fair Market Rent (FMR) for ZIP 03743 - 2027
Location: Sullivan County, NH | Metro: Sullivan County, NH
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,100 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$59,625
Housing Authorities Serving ZIP 03743
To decide if you should buy in ZIP code 03743 (Claremont, NH) for Section 8 investments, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,640 cover the debt service on a $277,238 property?
- Yes. The FMR of $1,640 is the maximum monthly rental assistance payment that a Section 8 tenant can receive. This amount needs to be compared against the total monthly debt service of the property. Assuming a typical mortgage rate of around 4.5%, the monthly debt service on a $277,238 property would likely be less than $1,640, making it feasible for Section 8 tenants to cover the cost.
- No. If the monthly debt service exceeds $1,640, then the FMR does not cover the cost, and it's not advisable to invest in this area for Section 8 purposes.
- Is the Zillow Observed Rent Index (ZORI) of $1,543 above, at, or below the FMR?
- Above. If the ZORI were above $1,640, it would indicate that market rents are higher than what Section 8 tenants can pay. In this case, landlords might prefer traditional market-rate tenants over Section 8 participants.
- At or Below. With the ZORI at $1,543, which is below the FMR, landlords can attract both market-rate and Section 8 tenants, giving them flexibility in choosing who to rent to.
- Are 41.8% of residents renters and the Days on Market (DOM) sufficient to meet demand?
- It Depends. While 41.8% of residents being renters suggests a decent level of demand, the lack of data on DOM means we cannot fully assess how quickly properties are rented out. However, given that the ZORI is below the FMR, there is a strong indication that Section 8 tenants could find properties affordable, thereby meeting the demand.
The decision to invest in ZIP 03743 for Section 8 properties hinges on these factors. If the debt service is covered by the FMR, and market rents are at or below the FMR, then the area is suitable for Section 8 investments, especially considering the percentage of renters. However, without specific DOM data, it's difficult to provide a definitive yes or no. The presence of a significant number of renters combined with lower market rents compared to the FMR makes Claremont, NH, a promising location for Section 8 landlords.
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.