Location: Portsmouth-Rochester, NH | Metro: Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
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 | $2,130 |
| 1 Bedroom | $2,230 |
| 2 Bedrooms | $2,650 |
| 3 Bedrooms | $3,180 |
| 4 Bedrooms | $3,510 |
| 5 Bedrooms | $4,072 |
| 6 Bedrooms | $4,561 |
| 7 Bedrooms | $4,926 |
| 8 Bedrooms | $5,172 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,230 | $294,062 | 0.76% | D |
| 2BR | $2,650 | $523,365 | 0.51% | F |
| 3BR | $3,180 | $686,072 | 0.46% | F |
| 4BR | $3,510 | $908,275 | 0.39% | F |
| 5BR | $4,072 | $1,015,256 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 03833, located in Exeter, New Hampshire, presents a market where demand closely mirrors supply. This equilibrium is evidenced by the minimal price-cut share at just 0.1%, indicating that homes are generally selling at or near their asking prices. The median home value stands at $651,090, a figure that suggests a stable housing market without significant overvaluation or undervaluation.
Comparing the Fair Market Rent (FMR) of $2380 with the market rent (ZORI) of $2,349 further supports this balanced dynamic. The slight difference between these two metrics indicates that rental prices are in line with what the government deems fair for the area, suggesting no undue pressure on either side of the market.
The 24.6% renter share highlights an important aspect of the long-term housing landscape. A higher proportion of renters can indicate sustained housing pressure, as it reflects a segment of the population that may be looking to purchase but cannot afford to do so. This dynamic could lead to increased competition among buyers when homes become available, potentially driving up prices and keeping the market active.
In summary, Exeter's real estate market appears to be well-balanced, with neither a glut of supply nor a shortage of demand pushing the market significantly in one direction. The slight edge in favor of rental prices aligning with FMR and the notable renter share point towards a market that is both stable and under mild pressure, indicative of healthy buyer and seller activity.
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.