New Hampshire (NH)

STATESAFMR

Found 278 ZIPs

State Median Investment Score

57Below average

095130300

BR	Rent	3Y CAGR
0 BR	$940 - $1,677Median: $1,301	8.4%
1 BR	$946 - $1,809Median: $1,322	6.8%
2 BR	$1,195 - $2,367Median: $1,734	7.5%
3 BR	$1,587 - $2,899Median: $2,331	7.6%
4 BR	$1,593 - $3,170Median: $2,528	6.8%

Market Alignment

Studio

Studio- 18 ZIPs

0.51-0.64ratio range

Median FMR$1,121

Median Market$2,085

vs market-$965

FMR is below market; voucher rent may lag private rents.

Studio- 8 ZIPs

0.65-0.68ratio range

Median FMR$1,253

Median Market$1,830

vs market-$577

FMR is below market; voucher rent may lag private rents.

Studio- 11 ZIPs

0.69-0.73ratio range

Median FMR$1,253

Median Market$1,770

vs market-$517

FMR is below market; voucher rent may lag private rents.

Studio- 20 ZIPs

0.73-0.77ratio range

Median FMR$1,226

Median Market$1,620

vs market-$394

FMR is below market; voucher rent may lag private rents.

Studio- 22 ZIPs

0.77-0.81ratio range

Median FMR$1,677

Median Market$2,080

vs market-$403

FMR is below market; voucher rent may lag private rents.

Studio- 15 ZIPs

0.82-0.86ratio range

Median FMR$1,301

Median Market$1,580

vs market-$279

FMR is below market; voucher rent may lag private rents.

Studio- 16 ZIPs

0.86-0.89ratio range

Median FMR$1,559

Median Market$1,805

vs market-$246

FMR is below market; voucher rent may lag private rents.

Studio- 17 ZIPs

0.90-0.94ratio range

Median FMR$1,559

Median Market$1,700

vs market-$141

FMR is near market; voucher and private rents are aligned.

Studio- 8 ZIPs

0.94-0.97ratio range

Median FMR$1,559

Median Market$1,600

vs market-$41

FMR is near market; voucher and private rents are aligned.

Studio- 9 ZIPs

0.99-1.02ratio range

Median FMR$1,559

Median Market$1,530

vs market+$29

FMR is near market; voucher and private rents are aligned.

Studio- 5 ZIPs

1.03-1.05ratio range

Median FMR$1,559

Median Market$1,480

vs market+$79

FMR is near market; voucher and private rents are aligned.

Studio- 1 ZIP

1.06ratio

FMR$1,677

Market$1,580

vs market+$97

FMR is near market; voucher and private rents are aligned.

Studio- 1 ZIP

1.15ratio

FMR$1,559

Market$1,360

vs market+$199

FMR is above market; underwrite to market rent.

0.51-1.15

1 BR

1 BR- 16 ZIPs

0.53-0.64ratio range

Median FMR$1,310

Median Market$2,215

vs market-$905

FMR is below market; voucher rent may lag private rents.

1 BR- 9 ZIPs

0.65-0.68ratio range

Median FMR$1,283

Median Market$1,890

vs market-$607

FMR is below market; voucher rent may lag private rents.

1 BR- 8 ZIPs

0.69-0.72ratio range

Median FMR$1,343

Median Market$1,935

vs market-$592

FMR is below market; voucher rent may lag private rents.

1 BR- 13 ZIPs

0.74-0.77ratio range

Median FMR$1,376

Median Market$1,790

vs market-$414

FMR is below market; voucher rent may lag private rents.

1 BR- 21 ZIPs

0.77-0.81ratio range

Median FMR$1,322

Median Market$1,700

vs market-$378

FMR is below market; voucher rent may lag private rents.

1 BR- 20 ZIPs

0.82-0.85ratio range

Median FMR$1,702

Median Market$2,030

vs market-$328

FMR is below market; voucher rent may lag private rents.

1 BR- 27 ZIPs

0.86-0.90ratio range

Median FMR$1,804

Median Market$2,040

vs market-$236

FMR is below market; voucher rent may lag private rents.

1 BR- 13 ZIPs

0.91-0.94ratio range

Median FMR$1,804

Median Market$1,920

vs market-$116

FMR is near market; voucher and private rents are aligned.

1 BR- 10 ZIPs

0.94-0.98ratio range

Median FMR$1,804

Median Market$1,860

vs market-$56

FMR is near market; voucher and private rents are aligned.

1 BR- 7 ZIPs

0.98-1.02ratio range

Median FMR$1,804

Median Market$1,770

vs market+$34

FMR is near market; voucher and private rents are aligned.

1 BR- 5 ZIPs

1.03-1.05ratio range

Median FMR$1,804

Median Market$1,730

vs market+$74

FMR is near market; voucher and private rents are aligned.

1 BR- 1 ZIP

1.28ratio

FMR$1,804

Market$1,410

vs market+$394

FMR is above market; underwrite to market rent.

0.53-1.28

2 BR

2 BR- 1 ZIP

0.63ratio

FMR$1,800

Market$2,880

vs market-$1,080

FMR is below market; voucher rent may lag private rents.

2 BR- 4 ZIPs

0.65-0.66ratio range

Median FMR$1,581

Median Market$2,405

vs market-$824

FMR is below market; voucher rent may lag private rents.

2 BR- 11 ZIPs

0.69-0.73ratio range

Median FMR$1,620

Median Market$2,290

vs market-$670

FMR is below market; voucher rent may lag private rents.

2 BR- 13 ZIPs

0.73-0.77ratio range

Median FMR$1,719

Median Market$2,340

vs market-$621

FMR is below market; voucher rent may lag private rents.

2 BR- 13 ZIPs

0.77-0.81ratio range

Median FMR$1,719

Median Market$2,210

vs market-$491

FMR is below market; voucher rent may lag private rents.

2 BR- 20 ZIPs

0.82-0.86ratio range

Median FMR$1,727

Median Market$2,085

vs market-$359

FMR is below market; voucher rent may lag private rents.

2 BR- 17 ZIPs

0.86-0.90ratio range

Median FMR$2,093

Median Market$2,430

vs market-$337

FMR is below market; voucher rent may lag private rents.

2 BR- 22 ZIPs

0.90-0.94ratio range

Median FMR$2,367

Median Market$2,540

vs market-$173

FMR is near market; voucher and private rents are aligned.

2 BR- 14 ZIPs

0.94-0.98ratio range

Median FMR$2,239

Median Market$2,305

vs market-$66

FMR is near market; voucher and private rents are aligned.

2 BR- 12 ZIPs

0.99-1.01ratio range

Median FMR$2,239

Median Market$2,250

vs market-$11

FMR is near market; voucher and private rents are aligned.

2 BR- 10 ZIPs

1.02-1.05ratio range

Median FMR$1,947

Median Market$1,885

vs market+$62

FMR is near market; voucher and private rents are aligned.

2 BR- 7 ZIPs

1.06-1.10ratio range

Median FMR$2,239

Median Market$2,100

vs market+$139

FMR is near market; voucher and private rents are aligned.

2 BR- 4 ZIPs

1.19-1.20ratio range

Median FMR$2,093

Median Market$1,750

vs market+$343

FMR is above market; underwrite to market rent.

2 BR- 1 ZIP

1.20ratio

FMR$1,734

Market$1,440

vs market+$294

FMR is above market; underwrite to market rent.

2 BR- 1 ZIP

1.32ratio

FMR$2,239

Market$1,700

vs market+$539

FMR is above market; underwrite to market rent.

0.63-1.32

3 BR

3 BR- 3 ZIPs

0.66-0.68ratio range

Median FMR$2,331

Median Market$3,520

vs market-$1,189

FMR is below market; voucher rent may lag private rents.

3 BR- 4 ZIPs

0.70-0.72ratio range

Median FMR$2,820

Median Market$3,945

vs market-$1,125

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.76ratio

FMR$2,820

Market$3,720

vs market-$900

FMR is below market; voucher rent may lag private rents.

3 BR- 7 ZIPs

0.77-0.81ratio range

Median FMR$2,820

Median Market$3,470

vs market-$650

FMR is below market; voucher rent may lag private rents.

3 BR- 14 ZIPs

0.83-0.86ratio range

Median FMR$2,657

Median Market$3,150

vs market-$493

FMR is below market; voucher rent may lag private rents.

3 BR- 31 ZIPs

0.86-0.90ratio range

Median FMR$2,494

Median Market$2,860

vs market-$366

FMR is below market; voucher rent may lag private rents.

3 BR- 21 ZIPs

0.90-0.94ratio range

Median FMR$2,494

Median Market$2,730

vs market-$236

FMR is near market; voucher and private rents are aligned.

3 BR- 14 ZIPs

0.94-0.98ratio range

Median FMR$2,576

Median Market$2,655

vs market-$80

FMR is near market; voucher and private rents are aligned.

3 BR- 15 ZIPs

0.98-1.02ratio range

Median FMR$2,357

Median Market$2,380

vs market-$23

FMR is near market; voucher and private rents are aligned.

3 BR- 7 ZIPs

1.03-1.06ratio range

Median FMR$2,210

Median Market$2,130

vs market+$80

FMR is near market; voucher and private rents are aligned.

3 BR- 8 ZIPs

1.06-1.10ratio range

Median FMR$2,357

Median Market$2,210

vs market+$147

FMR is near market; voucher and private rents are aligned.

3 BR- 6 ZIPs

1.10-1.13ratio range

Median FMR$2,267

Median Market$2,050

vs market+$217

FMR is above market; underwrite to market rent.

3 BR- 4 ZIPs

1.15-1.19ratio range

Median FMR$2,239

Median Market$1,915

vs market+$324

FMR is above market; underwrite to market rent.

3 BR- 7 ZIPs

1.22-1.25ratio range

Median FMR$2,494

Median Market$2,000

vs market+$494

FMR is above market; underwrite to market rent.

3 BR- 2 ZIPs

1.25-1.29ratio range

Median FMR$2,331

Median Market$1,835

vs market+$496

FMR is above market; underwrite to market rent.

3 BR- 3 ZIPs

1.31-1.33ratio range

Median FMR$2,899

Median Market$2,190

vs market+$709

FMR is above market; underwrite to market rent.

3 BR- 4 ZIPs

1.36-1.49ratio range

Median FMR$2,267

Median Market$1,580

vs market+$687

FMR is above market; underwrite to market rent.

0.66-1.49

4 BR

4 BR- 4 ZIPs

0.59-0.63ratio range

Median FMR$2,367

Median Market$3,945

vs market-$1,578

FMR is below market; voucher rent may lag private rents.

4 BR- 2 ZIPs

0.65-0.66ratio range

Median FMR$2,739

Median Market$4,180

vs market-$1,442

FMR is below market; voucher rent may lag private rents.

4 BR- 5 ZIPs

0.69-0.72ratio range

Median FMR$3,111

Median Market$4,320

vs market-$1,209

FMR is below market; voucher rent may lag private rents.

4 BR- 4 ZIPs

0.73-0.76ratio range

Median FMR$3,111

Median Market$4,080

vs market-$969

FMR is below market; voucher rent may lag private rents.

4 BR- 10 ZIPs

0.79-0.81ratio range

Median FMR$2,448

Median Market$3,090

vs market-$643

FMR is below market; voucher rent may lag private rents.

4 BR- 13 ZIPs

0.81-0.85ratio range

Median FMR$2,813

Median Market$3,450

vs market-$637

FMR is below market; voucher rent may lag private rents.

4 BR- 17 ZIPs

0.86-0.90ratio range

Median FMR$3,111

Median Market$3,560

vs market-$449

FMR is below market; voucher rent may lag private rents.

4 BR- 15 ZIPs

0.90-0.94ratio range

Median FMR$2,813

Median Market$3,060

vs market-$247

FMR is near market; voucher and private rents are aligned.

4 BR- 14 ZIPs

0.94-0.98ratio range

Median FMR$2,367

Median Market$2,510

vs market-$143

FMR is near market; voucher and private rents are aligned.

4 BR- 11 ZIPs

0.98-1.01ratio range

Median FMR$2,813

Median Market$2,780

vs market+$33

FMR is near market; voucher and private rents are aligned.

4 BR- 10 ZIPs

1.02-1.06ratio range

Median FMR$2,409

Median Market$2,325

vs market+$84

FMR is near market; voucher and private rents are aligned.

4 BR- 14 ZIPs

1.06-1.10ratio range

Median FMR$2,551

Median Market$2,375

vs market+$176

FMR is near market; voucher and private rents are aligned.

4 BR- 8 ZIPs

1.10-1.15ratio range

Median FMR$2,551

Median Market$2,255

vs market+$296

FMR is above market; underwrite to market rent.

4 BR- 5 ZIPs

1.15-1.19ratio range

Median FMR$2,409

Median Market$2,070

vs market+$339

FMR is above market; underwrite to market rent.

4 BR- 1 ZIP

1.23ratio

FMR$3,170

Market$2,570

vs market+$600

FMR is above market; underwrite to market rent.

4 BR- 4 ZIPs

1.26-1.30ratio range

Median FMR$2,447

Median Market$1,910

vs market+$537

FMR is above market; underwrite to market rent.

4 BR- 3 ZIPs

1.30-1.34ratio range

Median FMR$2,528

Median Market$1,910

vs market+$618

FMR is above market; underwrite to market rent.

4 BR- 8 ZIPs

1.36-1.54ratio range

Median FMR$2,813

Median Market$2,010

vs market+$803

FMR is above market; underwrite to market rent.

0.59-1.54

0.700.800.901.001.101.201.30aligned range

Bedroom curve

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Counties, cities, and ZIPs in New Hampshire.

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Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

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Counties

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New Hampshire fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 10 counties in New Hampshire. The median county two-bedroom FMR is $1,727. That is down 10.0% from $1,918 in FY 2026. Two-bedroom FMRs run from $1,195 in Coos County to $2,367 in Rockingham County. 3 HUD metropolitan FMR areas cover 3 of those counties; each county in the same metro area shares one FMR. No area in New Hampshire is required to use Small Area FMRs.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in New Hampshire
County	2BR	Change	HUD FMR area
Rockingham County	$2,367	+4.3%	Lawrence, MA-NH HUD Metro FMR Area
Hillsborough County	$2,239	+5.3%	Nashua, NH HUD Metro FMR Area
Strafford County	$2,093	−4.6%	Portsmouth-Rochester, NH HUD Metro FMR Area
Merrimack County	$1,800	−8.8%	Non-metro
Cheshire County	$1,734	−10.0%	Non-metro
Grafton County	$1,719	−10.0%	Non-metro
Belknap County	$1,620	−10.0%	Non-metro
Sullivan County	$1,596	−8.6%	Non-metro
Carroll County	$1,566	−8.4%	Non-metro
Coos County	$1,195	−7.1%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in New Hampshire
Metro area	Counties	2BR
Lawrence, MA-NH HUD Metro FMR Area	1	$2,367
Nashua, NH HUD Metro FMR Area	1	$2,239
Portsmouth-Rochester, NH HUD Metro FMR Area	1	$2,093

Questions about New Hampshire rents

What is the fair market rent in New Hampshire?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in New Hampshire is $1,727. Look up the county or ZIP code to see the value that applies to a specific property.

Which New Hampshire counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Rockingham County ($2,367), Hillsborough County ($2,239), Strafford County ($2,093).

Does New Hampshire use Small Area Fair Market Rents?

No area in New Hampshire is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

New Hampshire counties New Hampshire cities New Hampshire ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027