Location: Carroll County, NH | Metro: Carroll County, NH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,560 |
| 5 Bedrooms | $2,970 |
| 6 Bedrooms | $3,326 |
| 7 Bedrooms | $3,592 |
| 8 Bedrooms | $3,772 |
U.S. Census Bureau data (2024)
The ZIP code 03850 corresponds to the Melvin Village area in New Hampshire. This neighborhood is characterized by a very low population density, with only 324 residents. Notably, the area has a minuscule 0.0% of renters, indicating that it is predominantly owner-occupied. The median household income in this area is quite high at $101,298, suggesting a relatively affluent community. However, the median home value data is not available, which could be due to the limited number of transactions or properties in the area.
Moving into the economic analysis of rental housing, the Fair Market Rent (FMR) for ZIP 03850 is set at $1,710 for the fiscal year 2026. This figure is established by the U.S. Department of Housing and Urban Development (HUD) and represents the average rent for a two-bedroom apartment in the area. In contrast, the actual market rent data is not available, likely due to the low rental activity in the area. The scarcity of rental properties and the low percentage of renters suggest that the demand for rental housing is minimal.
Given the demographic and economic landscape of Melvin Village, this area would not be ideal for a hands-off Section 8 voucher operator. The low percentage of renters and the lack of significant rental market activity indicate that there is little opportunity for passive rental income through the Section 8 program. Instead, this neighborhood might suit a hands-on value-add buyer who is willing to invest in improving properties and potentially converting them into rentals. Such an investor could capitalize on the high median income and the potential for increasing rental demand if the area undergoes any development or changes in housing preferences.
Data Sources: FMR data from HUD (2027). 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.