Skip to main content
Loading page
Rockingham County/Manchester/03104

03104

ZIPSAFMR
Rockingham County, NH
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$1,520$1,570
1 BR$1,630$1,730
2 BR$2,130$2,160
3 BR$2,770$2,570
4 BR$2,800$2,660
5 BR$3,220Not available
6 BR$3,703Not available
7 BR$4,258Not available
8 BR$4,897Not available

Purchase Price Calculator

Maximum purchase price
$259,059

Cost breakdown

+Likely effective rent$2,160
HUD FMR$2,130
Market rent$2,180
Est. payment standard (102%)Used$2,160
-Principal and interest-$1,310
Loan amount$207,247
Down payment$51,812
Rate6.50%
Term30 years
-Operating costs-$650
Property taxes-$259
Insurance-$175
Utilities$0
HOA$0
Management-$216
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,544(66.7% ROI)
Projected value
$278,978
Return breakdown
Property appreciation+$19,919
Loan principal paid down+$7,425
Rental cash flow+$7,200
5-year hold
+$59,283(114.4% ROI)
Projected value
$293,101
Return breakdown
Property appreciation+$34,042
Loan principal paid down+$13,241
Rental cash flow+$12,000
10-year hold
+$128,109(247.3% ROI)
Projected value
$331,617
Return breakdown
Property appreciation+$72,558
Loan principal paid down+$31,551
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.95
1 BR
0.92
2 BR
0.98
3 BR
1.08
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 03104 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03104 (Manchester, NH) is $2,130 a month. That is up 5.4% from $2,020 in FY 2026. Manchester is in the Lawrence, MA-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 $2,367. Among 48 ZIP codes in Rockingham County, 03104 has the 36th-highest two-bedroom rent (county range $1,980–$3,550). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03104 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03104
BedroomsFY 2027Change90–110% range
Studio$1,520+9.4%$1,368–$1,672
1BR$1,630+5.8%$1,467–$1,793
2BR$2,130+5.4%$1,917–$2,343
3BR$2,770+8.6%$2,493–$3,047
4BR$2,800+4.9%$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03104
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,520$1,630$2,130$2,770$2,800
FY 2026$1,390$1,540$2,020$2,550$2,670
FY 2025$1,310$1,460$1,910$2,320$2,530
FY 2024$1,210$1,360$1,790$2,280$2,520
FY 2023$1,130$1,270$1,650$2,100$2,360

Two-bedroom rent in nearby Rockingham County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 03104
03038$2,110−0.9%
03041$2,300+8.0%
03042$2,490+16.9%
03044$3,150+47.9%
03053$2,490+16.9%
03073$2,300+8.0%
03076$2,050−3.8%
03077$2,070−2.8%
03079$2,240+5.2%
03087$3,550+66.7%
03103$2,000−6.1%
03104Current$2,130—

Questions about ZIP 03104 rents

How much will Section 8 pay for a two-bedroom in ZIP 03104?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,367, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,130 to $2,604 a month; under the ZIP-level Small Area FMR of $2,130 it would be $1,917 to $2,343. 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 03104 in?

ZIP 03104 is in the Lawrence, MA-NH HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,367.

How much did fair market rent change in ZIP 03104 for FY 2027?

The two-bedroom FMR rose 5.4%, from $2,020 in FY 2026 to $2,130 in FY 2027. Since FY 2023 it has risen 29.1%.

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