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 | $1,360 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,440 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,800 | $347,857 | 0.52% | F |
| 3BR | $2,440 | $468,734 | 0.52% | F |
| 4BR | $2,490 | $540,231 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 03777, located in Orford, NH within the Grafton County, NH metro area, presents an interesting case when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for 03777 is set at $2,000 for fiscal year 2026, which is notably higher than the actual market rent of $1,263. This suggests that there may be a potential for landlords to increase their rents to align closer with the FMR without significantly deterring tenants.
In terms of home values, 03777 has a median home value of $414,404. This figure is indicative of a mid-tier neighborhood within the Grafton County, NH metro. However, it's important to note that the median home value can vary widely across different ZIP codes within the same county, and thus, 03777 may still be considered either slightly above or below average depending on the specific context of surrounding areas.
The renter share in 03777 stands at 24.5%. This percentage is relatively consistent with what might be expected in a typical ZIP code within Grafton County. However, the combination of a below-FMR market rent and a moderate renter share could signal a potential sweet spot for Section 8 investors. High renter shares paired with lower-than-average home values often indicate areas where government-subsidized housing programs have a strong presence, making such neighborhoods attractive to those seeking stable rental income through HUD-assisted tenants.
Given the data, 03777 appears to be a mid-tier neighborhood within its metro, with neither exceptionally low nor high home values. Its below-FMR market rent and moderate renter share suggest a balance between affordability and stability, which could make it an appealing option for landlords and small-portfolio investors looking to capitalize on government housing assistance programs.
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.