Section 8 Fair Market Rent (FMR) for ZIP 03845 - 2027

Location: Carroll County, NH | Metro: Carroll County, NH

Investment Score for ZIP 03845

Monthly Rent (2BR)

$1,910

Median Price (2BR)

$425,163

1% Rule

0.45%

Annual Yield

5.39%

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	$1,340
1 Bedroom	$1,510
2 Bedrooms	$1,910
3 Bedrooms	$2,630
4 Bedrooms	$3,170
5 Bedrooms	$3,677
6 Bedrooms	$4,118
7 Bedrooms	$4,447
8 Bedrooms	$4,669

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,910	$425,163	0.45%	F
3BR	$2,630	$547,181	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,173

Median Household Income

$57,320

Housing Units

1,266

Renter Percentage

23.2%

Occupancy Rate

48.3%

Renter Occupied

142

The town of Bartlett, NH, located in the White Mountains, is a desirable area for both residents and investors alike. Known for its scenic beauty and outdoor recreational opportunities, it attracts a diverse mix of long-term residents and seasonal visitors. This analysis provides key insights into the real estate market dynamics in ZIP code 03845, focusing on metrics relevant to Section 8 landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 03845 is set at $2,120 for the fiscal year 2026, indicating the government's benchmark for rental affordability in the region.
The actual market rent in Bartlett, based on recent Census ACS data, is lower at $1,630, suggesting that properties here are priced below the FMR, which could be advantageous for landlords participating in the Section 8 program.
The median home value in the area is $499,600, reflecting the overall property values and potentially influencing the rental market.
Renters make up 23.2% of the housing market, showing a smaller but significant portion of the population that relies on rental housing, including those who might qualify for Section 8 assistance.
The median income in Bartlett is $57,320, providing context on the financial capacity of potential tenants and the competition for rental units.

Investors considering properties in ZIP 03845 should note the discrepancy between the FMR and the actual market rent, which could offer opportunities for landlords in the Section 8 program. The relatively low median income suggests a competitive environment for rental units, particularly those seeking tenants through Section 8. With a smaller share of renters compared to other areas, there is still room for growth in the rental market, making Bartlett a viable option for investors looking to diversify their portfolios with a mix of owner-occupied and rental properties. However, the median home value indicates that the overall cost of entry into the market is moderate, balancing the potential risks and rewards for investment.

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.