Location: Portsmouth-Rochester, NH | Metro: Portsmouth-Rochester, 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 | $1,800 |
| 1 Bedroom | $1,920 |
| 2 Bedrooms | $2,510 |
| 3 Bedrooms | $3,030 |
| 4 Bedrooms | $3,370 |
| 5 Bedrooms | $3,909 |
| 6 Bedrooms | $4,378 |
| 7 Bedrooms | $4,728 |
| 8 Bedrooms | $4,964 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,510 | $627,667 | 0.4% | F |
| 3BR | $3,030 | $785,017 | 0.39% | F |
| 4BR | $3,370 | $1,305,822 | 0.26% | F |
| 5BR | $3,909 | $2,323,374 | 0.17% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 03862, North Hampton, NH, for fiscal year 2024 is set at $2,670. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not necessarily the amount you will receive; it's the ceiling for the housing assistance payment (HAP).
In comparison, the average rent for the area is reported to be around $1,798 based on recent Census American Community Survey (ACS) data. This means that the FMR under Section 8 is higher than the typical market rent, providing an opportunity for landlords to potentially earn more than the local average.
The 9.5% share of renters in the area indicates that there is a steady demand for rental properties. With a significant portion of the population relying on rentals, there is a consistent pool of potential tenants who might qualify for the Section 8 program. The total estimated annual demand for Section 8 vouchers in the area is approximately $913,699, which gives you an idea of the overall financial impact of the program in North Hampton.
To ensure you're making an informed decision, verify that your property meets all the necessary requirements for the Section 8 program. This includes passing inspections for health and safety standards, as well as ensuring that the rent you plan to charge does not exceed the $2,670 FMR. By confirming these details, you can confidently proceed with offering your property as 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.