Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 03061 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03061 (Nashua, NH) is $2,110 a month. That is up 6.0% from $1,990 in FY 2026. Nashua is in the Nashua, NH HUD Metro 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 metro-wide two-bedroom FMR of $2,239. Among 43 ZIP codes in Hillsborough County, 03061 has the 24th-highest two-bedroom rent (county range $1,550–$3,360). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03061 is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 03061
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,470
+7.3%
$1,323–$1,617
1BR
$1,560
$1,700
+9.0%
$1,530–$1,870
2BR
$1,990
$2,110
+6.0%
$1,899–$2,321
3BR
$2,640
$2,730
+3.4%
$2,457–$3,003
4BR
$2,810
$2,990
+6.4%
$2,691–$3,289
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 03061
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,470
$1,700
$2,110
$2,730
$2,990
FY 2026
$1,370
$1,560
$1,990
$2,640
$2,810
FY 2025
$1,360
$1,510
$1,980
$2,630
$2,790
FY 2024
$1,240
$1,390
$1,830
$2,370
$2,560
FY 2023
$1,120
$1,280
$1,680
$2,160
$2,330
Two-bedroom rent in nearby Hillsborough County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 03061?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,239, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,015 to $2,463 a month; under the ZIP-level Small Area FMR of $2,110 it would be $1,899 to $2,321. 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 ZIP 03061 in?
ZIP 03061 is in the Nashua, NH HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,239.
How much did fair market rent change in ZIP 03061 for FY 2027?
The two-bedroom FMR rose 6.0%, from $1,990 in FY 2026 to $2,110 in FY 2027. Since FY 2023 it has risen 25.6%.
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