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Hillsborough County/Manchester/03109

03109

ZIPSAFMR
Hillsborough County, NH
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,780
1 BR$1,880$2,030
2 BR$2,460$2,380
3 BR$2,930$2,690
4 BR$3,230$2,830
5 BR$3,714Not available
6 BR$4,272Not available
7 BR$4,912Not available
8 BR$5,649Not available

Purchase Price Calculator

Maximum purchase price
$291,751

Cost breakdown

+Likely effective rent$2,380
HUD FMR$2,460
Market rentUsed$2,380
Est. payment standard (98%)$2,410
-Principal and interest-$1,475
Loan amount$233,400
Down payment$58,350
Rate6.50%
Term30 years
-Operating costs-$705
Property taxes-$292
Insurance-$175
Utilities$0
HOA$0
Management-$238
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,995(65.1% ROI)
Projected value
$314,183
Return breakdown
Property appreciation+$22,433
Loan principal paid down+$8,362
Rental cash flow+$7,200
5-year hold
+$65,250(111.8% ROI)
Projected value
$330,089
Return breakdown
Property appreciation+$38,338
Loan principal paid down+$14,912
Rental cash flow+$12,000
10-year hold
+$141,247(242.1% ROI)
Projected value
$373,465
Return breakdown
Property appreciation+$81,715
Loan principal paid down+$35,533
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
0.89
2 BR
1.03
3 BR
1.09
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 03109 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03109 (Manchester, NH) is $2,460 a month. That is up 7.0% from $2,300 in FY 2026. Manchester 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, 03109 is tied for the 5th-highest two-bedroom rent (county range $1,550–$3,360). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03109 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03109
BedroomsFY 2027Change90–110% range
Studio$1,710+7.5%$1,539–$1,881
1BR$1,880+7.4%$1,692–$2,068
2BR$2,460+7.0%$2,214–$2,706
3BR$2,930+6.2%$2,637–$3,223
4BR$3,230+5.9%$2,907–$3,553

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03109
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,880$2,460$2,930$3,230
FY 2026$1,590$1,750$2,300$2,760$3,050
FY 2025$1,480$1,650$2,160$2,600$2,860
FY 2024$1,310$1,480$1,940$2,350$2,590
FY 2023$1,220$1,370$1,780$2,170$2,440

Two-bedroom rent in nearby Hillsborough County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 03109
03082$2,330−5.3%
03084$1,980−19.5%
03086$1,920−22.0%
03101$2,710+10.2%
03102$2,120−13.8%
03103$2,000−18.7%
03104$2,130−13.4%
03105$2,240−8.9%
03108$2,240−8.9%
03109Current$2,460—
03110$2,940+19.5%
03111$2,240−8.9%

Questions about ZIP 03109 rents

How much will Section 8 pay for a two-bedroom in ZIP 03109?

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 $2,460 it would be $2,214 to $2,706. 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 03109 in?

ZIP 03109 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 03109 for FY 2027?

The two-bedroom FMR rose 7.0%, from $2,300 in FY 2026 to $2,460 in FY 2027. Since FY 2023 it has risen 38.2%.

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