Location: Sullivan County, NH | Metro: Sullivan County, NH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $2,080 |
| 3 Bedrooms | $2,860 |
| 4 Bedrooms | $3,140 |
| 5 Bedrooms | $3,642 |
| 6 Bedrooms | $4,079 |
| 7 Bedrooms | $4,405 |
| 8 Bedrooms | $4,625 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 03751, located in Sullivan County, NH, reveals several critical factors for potential Section 8 landlords and small-portfolio investors.
Regarding the first question on whether the rent math works, the Fair Market Rent (FMR) for the Sullivan County metro area in fiscal year 2026 is set at $2,310. However, the lack of specific market rent data makes it challenging to directly compare these figures. The absence of market rent data suggests that there might be limited competition, which could benefit landlords participating in the Section 8 program.
On the topic of acquisition affordability, the ZIP code lacks detailed data on median home values, days on market (DOM), and the percentage of homes that have undergone price reductions. This scarcity indicates that the local real estate market may not be well-documented or may have low activity levels, which can either mean a stable market or a lack of liquidity. Without precise numbers, it's difficult to assess the typical affordability of property acquisitions in the area.
Concerning tenant demand, ZIP 03751 has a small population of only 397 individuals, with a notably low renter share of 0.0%. This statistic implies that virtually all residents are homeowners, suggesting very little demand for rental properties. Landlords should expect a highly competitive environment for attracting tenants under the Section 8 program, given the low renter share.
In conclusion, ZIP 03751 presents a unique challenge for Section 8 landlords due to the extremely low renter share, indicating minimal tenant demand. Despite the favorable FMR of $2,310, the lack of comprehensive market data complicates the assessment of both rental viability and property acquisition costs. Investors should proceed with caution, considering the limited pool of potential renters and the possibility of an underserved market that may not sustain long-term profitability.
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.