Section 8 Fair Market Rent (FMR) for ZIP 03809 - 2027

Location: Belknap County, NH | Metro: Portsmouth-Rochester, NH HUD Metro FMR Area

Investment Score for ZIP 03809

Monthly Rent (2BR)

$1,980

Median Price (2BR)

$425,326

1% Rule

0.47%

Annual Yield

5.59%

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	$1,450
1 Bedroom	$1,510
2 Bedrooms	$1,980
3 Bedrooms	$2,430
4 Bedrooms	$2,650
5 Bedrooms	$3,074
6 Bedrooms	$3,443
7 Bedrooms	$3,718
8 Bedrooms	$3,904

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
2BR	$1,980	$425,326	0.47%	F
3BR	$2,430	$555,891	0.44%	F
4BR	$2,650	$677,759	0.39%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,680

Median Household Income

$106,397

Housing Units

1,939

Renter Percentage

9.1%

Occupancy Rate

73.6%

Renter Occupied

130

The ZIP code 03809, located in Alton, New Hampshire, offers a serene and picturesque setting that attracts both long-term residents and seasonal visitors. Nestled in the rural landscape of New Hampshire, this area provides a mix of suburban and rural living, making it appealing for those seeking a quieter lifestyle away from the bustling city centers.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 03809 for fiscal year 2024 is set at $1880. This figure represents the maximum amount that a low-income household should pay for housing, based on the local rental market.
Market rent data for ZIP 03809 is currently N/A, indicating a lack of recent comprehensive surveys or reports that provide the average rental price for properties in the area.
The median home value in ZIP 03809 stands at $534,411, reflecting the overall cost of homeownership in the region.
Renters make up 9.1% of the population in this ZIP code, suggesting a primarily owner-occupied market with limited demand for rental properties.
The days on market (DOM) for properties in ZIP 03809 is currently N/A, which means there isn't enough data to determine how quickly homes are selling in this area.
The median income for households in ZIP 03809 is $106,397, indicating a relatively affluent community that could support higher-end rental offerings or luxury property investments.

In summary, while the Fair Market Rent suggests a moderate cost for rental units, the lack of market rent data points to a less active rental market compared to the robust homeownership sector. The limited renter share and absence of days on market data indicate that investment opportunities in Alton, NH, might be more suited towards homeownership rather than rental properties. However, the high median income level presents potential for upscale rental properties or second-home investments, catering to the affluent demographic in the area. For investors looking to enter the rental market, focusing on higher-end offerings could align better with the local economic conditions and attract tenants willing to pay premium rents.

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.