Section 8 Fair Market Rent (FMR) for ZIP 03894 - 2027

Location: Carroll County, NH | Metro: Carroll County, NH

Investment Score for ZIP 03894

Monthly Rent (2BR)

$1,540

Median Price (2BR)

$556,995

1% Rule

0.28%

Annual Yield

3.32%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,080
1 Bedroom	$1,210
2 Bedrooms	$1,540
3 Bedrooms	$2,120
4 Bedrooms	$2,560
5 Bedrooms	$2,970
6 Bedrooms	$3,326
7 Bedrooms	$3,592
8 Bedrooms	$3,772

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,210	$359,036	0.34%	F
2BR	$1,540	$556,995	0.28%	F
3BR	$2,120	$656,426	0.32%	F
4BR	$2,560	$998,115	0.26%	F
5BR	$2,970	$1,680,931	0.18%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,554

Median Household Income

$94,349

Housing Units

4,371

Renter Percentage

22.0%

Occupancy Rate

63.3%

Renter Occupied

608

The ZIP code 03894, encompassing Wolfeboro, New Hampshire, is a picturesque area known for its natural beauty and proximity to Lake Winnipesaukee. It's a desirable location for both year-round residents and seasonal visitors, making it an interesting market for real estate investors looking to capitalize on the local demand.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,560. This figure represents the HUD-recommended rent level to ensure housing affordability.
The actual market rent for a two-bedroom apartment in Wolfeboro, according to the Census Bureau's American Community Survey, is currently $1,103. This indicates that the market rent is below the FMR, suggesting potential for rental price increases.
The median home value in Wolfeboro stands at $625,954. This high median value reflects the desirability of the area and the potential for capital appreciation in property investments.
Renters make up 22.0% of the population in Wolfeboro. Despite being lower than the national average, this percentage still presents a significant portion of the market that could be interested in rental properties.
The median household income in Wolfeboro is $94,349. This relatively high income level suggests that tenants have the financial capacity to afford higher rents, especially if they are drawn by the area's amenities.
The days on market (DOM) for rentals is not available, which might indicate a strong rental market where properties are quickly leased once listed.

Investors should note that while the current market rent is below the HUD's FMR, there is room for increasing rental rates without pricing out the majority of the population. The high median home value indicates a robust housing market, but the relatively low renter share suggests that competition for rental properties may be less intense compared to areas with higher concentrations of renters. Given the median income, tenants are likely to be financially stable, reducing the risk of default. The absence of DOM data implies a swift leasing process, which can be beneficial for cash flow and portfolio turnover. Overall, Wolfeboro offers a balanced opportunity for real estate investment, particularly for those interested in long-term rental yields and property appreciation.

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.