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 | $1,310 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,580 |
| 4 Bedrooms | $3,040 |
| 5 Bedrooms | $3,526 |
| 6 Bedrooms | $3,949 |
| 7 Bedrooms | $4,265 |
| 8 Bedrooms | $4,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,860 | $375,236 | 0.5% | F |
| 3BR | $2,580 | $722,041 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 03838, located in Bartlett, NH, is primarily characterized by a significant rental population, with 39.1% of residents being renters. This indicates a substantial demand for rental properties, particularly those that can accommodate Section 8 tenants. Given the median household income of $68,385, the average market rent of $1,703 represents approximately 25% of the monthly income, assuming a standard 30% of income is allocated towards housing costs. This percentage aligns well with federal guidelines for affordable housing, making it feasible for many residents to afford market rents without assistance.
However, comparing the market rent to the Fair Market Rent (FMR) of $2,030, which is set for FY 2026 and based on metro area standards, reveals that the actual market rent is below the FMR. This suggests that there could be a deeper pool of Section 8 voucher holders looking for affordable housing options within this ZIP code. Landlords in Bartlett should anticipate a tenant pool that includes individuals and families who rely on Section 8 vouchers to meet their housing needs, given the disparity between market rents and the FMR.
In summary, ZIP 03838 presents itself as a location with a notable rental presence and potential for accommodating Section 8 tenants. The income levels support the idea that a significant portion of the population may require rental assistance to cover the cost of living. Landlords should prepare for a tenant base that includes those seeking subsidized housing options, ensuring they understand the requirements and benefits of participating in the Section 8 program.
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.