Location: Carroll County, NH | Metro: Carroll County, NH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
U.S. Census Bureau data (2024)
The ZIP code 03890, located within the Carroll County, NH metro area, has a Fair Market Rent (FMR) of $1,780 for fiscal year 2026. This figure reflects the median rent price for a two-bedroom apartment, which is a key metric for landlords and small-portfolio investors considering the Section 8 program. The lack of reported market rent data suggests that the FMR closely aligns with what tenants might expect to pay, making it a reliable indicator for rental pricing.
The median home value in ZIP 03890 stands at $361,935. This value is indicative of the overall property value within the area and can be used to assess the potential investment value of properties. It's worth noting that without comparative data for other ZIP codes in Carroll County, NH, it's challenging to definitively categorize 03890 as a value pocket, mid-tier neighborhood, or premium sub-market. However, given the FMR and median home value, 03890 appears to be a mid-tier neighborhood, balancing affordable rents with moderate property values.
A significant portion of the population in 03890 consists of renters, with a renter share of 37.9%. This relatively high percentage of renters indicates a substantial demand for rental properties. Typically, a higher renter share combined with lower-than-average home values could signal a prime location for Section 8 investments, as it suggests an area where there is both a need and an opportunity for subsidized housing. However, since the home value in 03890 is above average for the region, it may not be considered a traditional value pocket for Section 8.
In conclusion, while ZIP 03890 offers a mix of characteristics that might appeal to landlords and small-portfolio investors, the combination of its FMR, median home value, and renter share suggests it is more likely a mid-tier neighborhood within the Carroll County, NH metro. It provides a balance between the affordability required by many renters and the property values that reflect a reasonable investment for landlords. The high renter share, however, does highlight the potential for rental opportunities, particularly those interested in the Section 8 program.
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.