Location: Grafton 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 | $1,460 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,930 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,930 | $323,093 | 0.6% | F |
| 3BR | $2,610 | $360,649 | 0.72% | D |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 properties in ZIP code 03774, located in Haverhill, NH, presents several challenges that must be carefully considered. First, the tenant turnover rate is unknown due to the lack of specific market rent data. However, the Fair Market Rent (FMR) for the area is set at $2,140 for FY 2026, which is the metro rate applicable to this region. This can lead to difficulties in maintaining consistent occupancy if the market rent fluctuates significantly around this figure.
Vacancy exposure is another concern, as the average days on market (DOM) for rental listings is not available. This uncertainty can make it difficult to predict how long a property might remain vacant between tenants, potentially leading to financial strain for landlords. Furthermore, the deferred maintenance risk is substantial given the typical home value of $342,528 and a median household income of $58,452. These figures suggest that many homeowners, including potential landlords, may struggle to keep up with necessary repairs and maintenance without significant financial support.
Despite these risks, the area's 7.9% renter share indicates a relatively high concentration of renters, which often correlates with higher demand for housing vouchers. This can be beneficial for landlords who are willing to participate in the Section 8 program, as it increases the likelihood of finding eligible tenants. The presence of such a substantial renter base can mitigate some of the risks associated with vacancy and turnover rates.
In summary, while there are notable risks related to tenant turnover, vacancy exposure, and deferred maintenance costs, the high renter density in ZIP 03774 provides a counterbalance. For a first-time Section 8 landlord, the overall risk level in this area is moderate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.