Section 8 Fair Market Rent (FMR) for ZIP 03754 - 2027

FY 2027 Fair Market Rent Rates

The Section 8 analysis for ZIP code 03754, located in Unknown, NH, reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area as of fiscal year 2026 is set at $1,750, whereas the current market rent data is not available, indicating an incomplete picture. Despite this, we can still draw some conclusions based on the FMR figure.

When the FMR exceeds the market rent, it signifies that properties receiving Section 8 vouchers could potentially offer higher yields compared to the open market. This is because the government compensates landlords at the FMR rate, which in this case would be $1,750. Landlords could thus secure a rental income above the prevailing market rate, enhancing their investment returns.

However, if the market rent were hypothetically higher than the FMR, then the cost of accepting housing voucher tenants would become apparent. Landlords might find themselves renting units below the market rate, leading to potential financial losses or reduced profitability. This scenario underscores the importance of understanding local rental trends and the economic landscape of Unknown, NH.

Unfortunately, specific data points such as the percentage of renters, median home value, and median income are also not available. These figures are crucial for a comprehensive analysis as they provide insight into the overall demand for rental housing and the financial capability of the local population to afford housing. Without these details, it's challenging to fully assess the viability of Section 8 properties in this area.

To calculate the gap explicitly in dollars and percentage, we need the current market rent. Assuming the market rent is lower than $1,750, the difference would be the amount by which the FMR surpasses the market rate. For example, if the market rent were $1,500, the gap would be $250, or approximately 14.3% of the FMR. Conversely, if the market rent were higher, say $1,900, the gap would indicate a shortfall of $150, or about 8.8% below the market rate, for landlords accepting vouchers.

In conclusion, while the FMR of $1,750 provides a benchmark, the lack of current market rent data means we cannot state the exact gap or its implications in terms of yield or cost. To make informed decisions, landlords and investors must gather additional local data on rental rates and the economic conditions of Unknown, NH.

Data Sources: FMR data from HUD (2027).

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.