Section 8 Fair Market Rent (FMR) for ZIP 03773 - 2027

Location: Sullivan County, NH | Metro: Sullivan County, NH

Investment Score for ZIP 03773

Monthly Rent (2BR)

$1,830

Median Price (2BR)

$304,430

1% Rule

0.6%

Annual Yield

7.21%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,290
1 Bedroom	$1,410
2 Bedrooms	$1,830
3 Bedrooms	$2,530
4 Bedrooms	$2,900
5 Bedrooms	$3,364
6 Bedrooms	$3,768
7 Bedrooms	$4,069
8 Bedrooms	$4,272

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,410	$277,787	0.51%	F
2BR	$1,830	$304,430	0.6%	D
3BR	$2,530	$377,985	0.67%	D
4BR	$2,900	$400,281	0.72%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,681

Median Household Income

$81,232

Housing Units

3,851

Renter Percentage

29.5%

Occupancy Rate

81.4%

Renter Occupied

926

Newport, NH, located in the heart of New Hampshire's Upper Valley, is a small town known for its rural charm and proximity to Dartmouth College. This area attracts a mix of students, faculty, and professionals seeking a quiet living environment with access to urban amenities. Here’s a concise breakdown of key market indicators for ZIP code 03773:

The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,930. This figure represents the maximum amount that low-income families should pay for housing.
The average market rent for a two-bedroom apartment, based on the latest Census American Community Survey (ACS), is $1,350. This indicates the actual rental prices landlords can expect in the current market.
The median home value in Newport is $341,038. This reflects the typical price range for homes in the area, which is relatively stable and affordable compared to larger cities in the region.
Renters make up 29.5% of the local housing market, showing a significant portion of the population opts for renting over homeownership, which can be beneficial for landlords looking to fill vacancies.
Due to limited data availability, the number of days on market (DOM) for rental listings is not applicable (N/A). However, this does not necessarily imply difficulty in finding tenants, given the area's characteristics.
The median household income in Newport is $81,232. This suggests that residents have sufficient financial means to cover their housing costs, including rent, making it a stable market for investment.

For landlords and small-portfolio investors, Newport presents a balanced opportunity. The gap between the Fair Market Rent and the actual market rent indicates potential for rental income growth without being overly aggressive. With nearly 30% of the population renting, there is a steady demand for rental properties. Despite the lack of data on days on market, the median income supports the ability of residents to afford housing, ensuring a stable tenant base. Overall, Newport offers a reliable investment climate with room for strategic pricing and property management practices.

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.