FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR- 03244
0.89ratio
FMR$1,380
Market$1,550
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 03244
1.03ratio
FMR$1,810
Market$1,760
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 03244
1.26ratio
FMR$2,350
Market$1,860
vs market+$490
FMR is above market; underwrite to market rent.
1.26
4 BR
4 BR- 03244
1.59ratio
FMR$3,030
Market$1,910
vs market+$1,120
FMR is above market; underwrite to market rent.
1.59
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Hillsborough, NH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hillsborough, NH is $1,810 a month. That is up 6.5% from $1,700 in FY 2026. Hillsborough is in the Merrimack County, NH non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,800. The median county two-bedroom FMR in New Hampshire is $1,727, so Hillsborough is 5% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hillsborough, NH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,290
$1,260
−2.3%
$1,134–$1,386
1BR
$1,300
$1,380
+6.2%
$1,242–$1,518
2BR
$1,700
$1,810
+6.5%
$1,629–$1,991
3BR
$2,040
$2,350
+15.2%
$2,115–$2,585
4BR
$2,850
$3,030
+6.3%
$2,727–$3,333
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hillsborough, NH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,380
$1,810
$2,350
$3,030
FY 2026
$1,290
$1,300
$1,700
$2,040
$2,850
FY 2025
$1,170
$1,170
$1,540
$1,890
$2,370
FY 2024
$1,120
$1,130
$1,480
$1,880
$2,150
FY 2023
$1,080
$1,090
$1,430
$1,820
$2,130
Questions about Hillsborough, NH rents
How much will Section 8 pay for a two-bedroom in Hillsborough, NH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,800, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,620 to $1,980 a month; under the ZIP-level Small Area FMR of $1,810 it would be $1,629 to $1,991. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Hillsborough, NH in?
Hillsborough, NH is in the Merrimack County, NH non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,800.
How much did fair market rent change in Hillsborough, NH for FY 2027?
The two-bedroom FMR rose 6.5%, from $1,700 in FY 2026 to $1,810 in FY 2027. Since FY 2023 it has risen 26.6%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set