Location: Carroll County, 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 | $1,450 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,430 |
| 4 Bedrooms | $2,650 |
| 5 Bedrooms | $3,074 |
| 6 Bedrooms | $3,443 |
| 7 Bedrooms | $3,718 |
| 8 Bedrooms | $3,904 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,980 | $373,371 | 0.53% | F |
| 3BR | $2,430 | $452,975 | 0.54% | F |
| 4BR | $2,650 | $515,955 | 0.51% | F |
U.S. Census Bureau data (2024)
The real estate market in Middleton, NH (ZIP 03887), presents a nuanced picture for both landlords and small-portfolio investors. The median home value stands at $414,339, indicating a stable housing market that has neither seen significant growth nor decline. The lack of percentage data on reduced listings and the median days on market (DOM) suggest a balanced market where neither buyers nor sellers have an overwhelming advantage.
This balance implies that pricing power will remain relatively steady over the next 12-24 months. Landlords can expect rental income to be consistent with current market conditions, without the pressure to reduce rents due to oversupply. Small-portfolio investors should anticipate that their properties will maintain their current values, barring any unforeseen economic shifts.
On the rental side, the Fair Market Rent (FMR) for ZIP 03887 in fiscal year 2024 is set at $1,630. However, the current market rent is reported at $1,500, according to Census ACS data. This suggests a slight upward pressure on rental rates, aligning with the broader trend towards higher living costs. Landlords can gradually adjust their rents closer to the FMR without risking vacancy rates, given the current market equilibrium.
For long-term investors, the setup implies a realistic appreciation thesis based on steady market conditions rather than rapid growth. With the median home value and rental rates expected to rise slightly, investors can plan for modest capital appreciation and increased rental income. The absence of significant market volatility means that investors can rely on consistent returns and property values, making it a suitable location for those looking to build a stable portfolio.
In summary, the current median home value, balanced supply dynamics, and slight upward pressure on rental rates indicate a market poised for gradual appreciation and stable income generation. Landlords and investors can leverage these conditions to ensure a predictable financial future in Middleton, NH.
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.