Location: Belknap County, NH | Metro: Belknap 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 | $1,140 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,420 |
| 5 Bedrooms | $2,807 |
| 6 Bedrooms | $3,144 |
| 7 Bedrooms | $3,396 |
| 8 Bedrooms | $3,566 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,620 | $471,820 | 0.34% | F |
| 3BR | $2,170 | $544,348 | 0.4% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 03837, Gilmanton, NH, is set at $1,800 for metro fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers in your area. It's important to note that this does not directly translate to the amount you'll receive as rent from a tenant. Instead, it's used to determine the maximum rent a landlord can charge for a voucher holder.
In Gilmanton, the median rent for similar properties is currently listed as N/A, which means there isn't enough data to provide an accurate comparison. However, using the 0.3% renter share, we can infer that about 3 out of every 1,000 residents might be eligible for Section 8 vouchers, indicating a moderate demand for subsidized housing.
The average acquisition cost for a property in this ZIP code is around $502,290. This means if you're planning to purchase a rental property specifically for Section 8 tenants, you should expect to spend approximately this amount. Given the FMR of $1,800, it's crucial to ensure that this amount covers your mortgage payments, maintenance costs, insurance, and other expenses associated with owning and managing a rental property.
To make a sound investment decision, verify that your property meets all the necessary criteria for Section 8 eligibility. This includes passing a Housing Quality Standards (HQS) inspection, which ensures that the unit is safe, decent, and sanitary for occupancy. The inspection will check for issues such as structural integrity, heating, plumbing, and electrical systems, among other things.
In conclusion, while the FMR of $1,800 sets a benchmark for potential rental income, it's essential to understand the local market dynamics and the specific requirements for participating in the Section 8 program. Ensuring your property is HQS compliant is a critical step before you proceed with offering a Section 8 rental.
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.