Location: Carroll County, NH | Metro: Carroll County, NH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,290 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,520 |
| 4 Bedrooms | $2,950 |
| 5 Bedrooms | $3,422 |
| 6 Bedrooms | $3,833 |
| 7 Bedrooms | $4,140 |
| 8 Bedrooms | $4,347 |
U.S. Census Bureau data (2024)
The median home value in ZIP 03883 is $338,600. This figure can help us address some common concerns an investor might have regarding the feasibility of investing in this area through Section 8 properties.
A skeptical investor might question whether the Fair Market Rent (FMR) of $1,970 for the metro area in fiscal year 2026 will be sufficient to cover the mortgage on a home valued at $338,600. The answer is that it depends on several factors including the interest rate, the size of the down payment, and the terms of the mortgage. However, based on historical data, the FMR should be adequate if the investment is structured properly with a reasonable down payment and favorable mortgage terms.
Another objection could be about the rental market demand in ZIP 03883, which stands at 12.1%. While this percentage is relatively low, it suggests that there is still a need for rental properties in the area. Given the median home value, it's reasonable to assume that a portion of the population cannot afford homeownership, thus creating a demand for rentals. It's important to note that the 12.1% figure represents the proportion of households that are renters, indicating a stable but not highly competitive rental market.
Lastly, an investor might wonder if housing vouchers will keep pace with market rents. According to the Housing Choice Voucher (HCV) Data Dashboard, the trend varies by location, and specific data for ZIP 03883 is not readily available. However, the dashboard does show national trends, which generally indicate that voucher amounts adjust over time to reflect changes in market rents. It's advisable to monitor local trends closely to ensure that voucher payments remain aligned with the costs of maintaining and managing rental properties.
In summary, while the data provides a solid foundation for addressing key concerns, some aspects such as precise mortgage coverage and local voucher trends require further investigation. Nonetheless, the combination of a manageable median home value and a steady rental market makes ZIP 03883 a viable option for Section 8 real estate investments.
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.