Location: Carroll County, NH | Metro: Carroll 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 | $1,230 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,430 |
| 4 Bedrooms | $2,930 |
| 5 Bedrooms | $3,399 |
| 6 Bedrooms | $3,807 |
| 7 Bedrooms | $4,112 |
| 8 Bedrooms | $4,318 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,770 | $335,949 | 0.53% | F |
| 3BR | $2,430 | $471,238 | 0.52% | F |
| 4BR | $2,930 | $576,224 | 0.51% | F |
U.S. Census Bureau data (2024)
14.9% of residents in Conway, NH, are renters, indicating a modest demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,960, which is significantly higher than the reported market rent of $1,434 based on Census ACS data. This suggests that there could be an opportunity for landlords to increase rents closer to the FMR without losing tenants, given the discrepancy between the two figures. However, investors should consider the median income of $56,951 when setting rental prices, as affordability can impact occupancy rates.
The median home value stands at $425,458, which is indicative of a relatively stable housing market. Despite this, the lack of available data on days on market (DOM) and the percentage of price-cut shares implies that the rental market might not have enough recent transactions to provide a comprehensive picture of property turnover and pricing adjustments. This absence of detailed rental market analytics could be due to limited data availability or a low volume of rental listings in the area.
Investors looking to leverage the Section 8 program in Conway should be aware that the gap between the FMR and the current market rent presents a potential avenue for growth. By aligning rental prices closer to the $1,960 FMR, landlords can capitalize on the federal subsidy while ensuring that their properties remain affordable to tenants earning around the median income of $56,951. It's crucial to balance these factors to maintain a competitive edge in the local rental market.
A final consideration for investors is the overall stability of the housing market, as reflected in the median home value. While this figure does not directly correlate with rental performance, it does suggest a strong underlying real estate market that could support rental property values and tenant satisfaction.
Verdict: Conway, NH, is a viable market for Section 8 investments, with opportunities to increase rental prices towards the $1,960 FMR while maintaining affordability for tenants earning around $56,951.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.