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Merrimack County/Belmont/03220

03220

ZIPSAFMR
Merrimack County, NH
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$1,230$1,350
1 BR$1,360$1,500
2 BR$1,780$1,850
3 BR$2,350$2,290
4 BR$2,410$2,070
5 BR$2,772Not available
6 BR$3,187Not available
7 BR$3,665Not available
8 BR$4,215Not available

Purchase Price Calculator

Maximum purchase price
$212,993

Cost breakdown

+Likely effective rent$1,850
HUD FMR$1,780
Market rent$1,890
Est. payment standard (104%)Used$1,850
-Principal and interest-$1,077
Loan amount$170,394
Down payment$42,599
Rate6.50%
Term30 years
-Operating costs-$573
Property taxes-$213
Insurance-$175
Utilities$0
HOA$0
Management-$185
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,682(69.7% ROI)
Projected value
$229,370
Return breakdown
Property appreciation+$16,377
Loan principal paid down+$6,105
Rental cash flow+$7,200
5-year hold
+$50,876(119.4% ROI)
Projected value
$240,982
Return breakdown
Property appreciation+$27,989
Loan principal paid down+$10,887
Rental cash flow+$12,000
10-year hold
+$109,597(257.3% ROI)
Projected value
$272,649
Return breakdown
Property appreciation+$59,656
Loan principal paid down+$25,941
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.78
2 BR
0.94
3 BR
1.03
4 BR
1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 03220 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03220 (Belmont, NH) is $1,780 a month. That is up 9.9% from $1,620 in FY 2026. Belmont 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, 03220 is tied for the 28th-highest two-bedroom rent (county range $1,690–$2,460). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03220 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03220
BedroomsFY 2027Change90–110% range
Studio$1,230+9.8%$1,107–$1,353
1BR$1,360+6.3%$1,224–$1,496
2BR$1,780+9.9%$1,602–$1,958
3BR$2,350+17.5%$2,115–$2,585
4BR$2,4100.0%$2,169–$2,651

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03220
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,230$1,360$1,780$2,350$2,410
FY 2026$1,120$1,280$1,620$2,000$2,410
FY 2025$880$1,020$1,290$1,690$1,920
FY 2024area FMR$972$1,086$1,427$1,877$1,900
FY 2023area FMR$963$1,072$1,411$1,839$1,895

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Merrimack County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 03220
03216$1,7800.0%
03220Current$1,780—
03221$2,030+14.0%
03224$1,7800.0%
03229$1,7800.0%
03230$1,7800.0%
03231$1,7800.0%
03233$2,090+17.4%
03234$1,860+4.5%
03235$1,7800.0%
03237$1,7800.0%
03242$1,7800.0%

Questions about ZIP 03220 rents

How much will Section 8 pay for a two-bedroom in ZIP 03220?

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 $1,780 it would be $1,602 to $1,958. 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 03220 in?

ZIP 03220 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 03220 for FY 2027?

The two-bedroom FMR rose 9.9%, from $1,620 in FY 2026 to $1,780 in FY 2027. Since FY 2025 it has risen 38.0%.

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