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Merrimack County/Manchester/03102

03102

ZIPSAFMR
Merrimack County, NH
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$1,480$1,530
1 BR$1,620$1,770
2 BR$2,120$2,100
3 BR$2,530$2,340
4 BR$2,790$2,850
5 BR$3,208Not available
6 BR$3,690Not available
7 BR$4,243Not available
8 BR$4,880Not available

Purchase Price Calculator

Maximum purchase price
$250,143

Cost breakdown

+Likely effective rent$2,100
HUD FMR$2,120
Market rentUsed$2,100
Est. payment standard (99%)$2,110
-Principal and interest-$1,265
Loan amount$200,114
Down payment$50,029
Rate6.50%
Term30 years
-Operating costs-$635
Property taxes-$250
Insurance-$175
Utilities$0
HOA$0
Management-$210
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,603(67.2% ROI)
Projected value
$269,376
Return breakdown
Property appreciation+$19,234
Loan principal paid down+$7,170
Rental cash flow+$7,200
5-year hold
+$57,656(115.2% ROI)
Projected value
$283,013
Return breakdown
Property appreciation+$32,871
Loan principal paid down+$12,785
Rental cash flow+$12,000
10-year hold
+$124,526(248.9% ROI)
Projected value
$320,204
Return breakdown
Property appreciation+$70,061
Loan principal paid down+$30,465
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.88
2 BR
1.01
3 BR
1.08
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 03102 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03102 (Manchester, NH) is $2,120 a month. That is up 7.6% from $1,970 in FY 2026. Manchester 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. Among 42 ZIP codes in Merrimack County, 03102 is tied for the 10th-highest two-bedroom rent (county range $1,690–$2,460). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03102 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03102
BedroomsFY 2027Change90–110% range
Studio$1,480+8.8%$1,332–$1,628
1BR$1,620+8.0%$1,458–$1,782
2BR$2,120+7.6%$1,908–$2,332
3BR$2,530+7.2%$2,277–$2,783
4BR$2,790+6.9%$2,511–$3,069

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03102
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,480$1,620$2,120$2,530$2,790
FY 2026$1,360$1,500$1,970$2,360$2,610
FY 2025$1,280$1,430$1,870$2,250$2,480
FY 2024$1,180$1,320$1,740$2,100$2,320
FY 2023$1,110$1,250$1,630$1,980$2,230

Two-bedroom rent in nearby Merrimack County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 03102
03034$2,1200.0%
03037$2,230+5.2%
03045$2,180+2.8%
03046$1,880−11.3%
03102Current$2,120—
03104$2,130+0.5%
03106$2,200+3.8%
03216$1,780−16.0%
03220$1,780−16.0%
03221$2,030−4.2%
03224$1,780−16.0%
03229$1,780−16.0%

Questions about ZIP 03102 rents

How much will Section 8 pay for a two-bedroom in ZIP 03102?

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 $2,120 it would be $1,908 to $2,332. 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 03102 in?

ZIP 03102 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 ZIP 03102 for FY 2027?

The two-bedroom FMR rose 7.6%, from $1,970 in FY 2026 to $2,120 in FY 2027. Since FY 2023 it has risen 30.1%.

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

County fair market rentManchester, NH fair market rentNH statewide rentsWhat is SAFMR?Data sources