Location: Sullivan County, NH | Metro: Grafton 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 | $1,480 |
| 1 Bedroom | $1,490 |
| 2 Bedrooms | $1,960 |
| 3 Bedrooms | $2,650 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,960 | $390,114 | 0.5% | F |
| 3BR | $2,650 | $512,864 | 0.52% | F |
| 4BR | $2,700 | $568,446 | 0.47% | F |
U.S. Census Bureau data (2024)
ZIP code 03748, located in Enfield, NH, sits within the Sullivan County, NH metro area. Its Fair Market Rent (FMR) of $2,170 for fiscal year 2026 is notably higher than the current market rent of $1,163, indicating that there might be potential for rental income growth or an opportunity for landlords to increase their rents closer to the FMR levels. The median home value of $452,745 is consistent with the broader county metrics, suggesting that property values in 03748 align well with the surrounding areas.
The 17.9% renter share is a key indicator of the ZIP's composition. This figure is slightly above the national average, which typically hovers around 15-16%, but it's important to compare it against the Sullivan County average to determine if it signifies a sweet spot for Section 8 housing. If the county average is significantly lower, then 03748 could indeed represent a valuable niche for investors interested in Section 8 properties.
Given the specific figures, ZIP 03748 can be characterized as a mid-tier neighborhood within its metro. The market rent is below the FMR, suggesting room for growth, while the home values are in line with the county average. The relatively high renter share points towards a community where renting is a common practice, potentially due to the presence of Section 8 housing or other affordable rental options.
A divergence worth noting is the disparity between the FMR and the current market rent. This gap can be seen as an opportunity for landlords who can leverage the higher FMR to adjust their rental pricing. However, the decision should also consider the local economic conditions and the affordability for tenants.
To conclude, ZIP 03748 presents itself as a mid-tier neighborhood within the Sullivan County, NH metro. It offers a balanced mix of property values and a slightly elevated renter share, making it a viable option for landlords and small-portfolio investors looking to enter a stable yet potentially growing rental market.
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.