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Merrimack County/Elkins/03233

03233

ZIPSAFMR
Merrimack County, NH
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,440$1,440
1 BR$1,590$1,590
2 BR$2,090$2,090
3 BR$2,750$2,750
4 BR$2,770$2,770
5 BR$3,185Not available
6 BR$3,663Not available
7 BR$4,213Not available
8 BR$4,845Not available

Purchase Price Calculator

Maximum purchase price
$248,657

Cost breakdown

+Likely effective rent$2,090
HUD FMRUsed$2,090
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,257
Loan amount$198,925
Down payment$49,731
Rate6.50%
Term30 years
-Operating costs-$633
Property taxes-$249
Insurance-$175
Utilities$0
HOA$0
Management-$209
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,446(67.3% ROI)
Projected value
$267,776
Return breakdown
Property appreciation+$19,119
Loan principal paid down+$7,127
Rental cash flow+$7,200
5-year hold
+$57,385(115.4% ROI)
Projected value
$281,332
Return breakdown
Property appreciation+$32,676
Loan principal paid down+$12,709
Rental cash flow+$12,000
10-year hold
+$123,929(249.2% ROI)
Projected value
$318,302
Return breakdown
Property appreciation+$69,645
Loan principal paid down+$30,284
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 03233 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03233 (Elkins, NH) is $2,090 a month. That is down 9.9% from $2,320 in FY 2026. Elkins 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, 03233 has the 12th-highest two-bedroom rent (county range $1,690–$2,460). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03233 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03233
BedroomsFY 2027Change90–110% range
Studio$1,440−10.0%$1,296–$1,584
1BR$1,590−9.7%$1,431–$1,749
2BR$2,090−9.9%$1,881–$2,299
3BR$2,750−9.8%$2,475–$3,025
4BR$2,770−9.8%$2,493–$3,047

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03233
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,440$1,590$2,090$2,750$2,770
FY 2026$1,600$1,760$2,320$3,050$3,070
FY 2025$1,320$1,460$1,910$2,530$2,540
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. 03233
03221$2,030−2.9%
03224$1,780−14.8%
03229$1,780−14.8%
03230$1,780−14.8%
03231$1,780−14.8%
03233Current$2,090—
03234$1,860−11.0%
03235$1,780−14.8%
03237$1,780−14.8%
03242$1,780−14.8%
03243$1,690−19.1%
03244$1,810−13.4%

Questions about ZIP 03233 rents

How much will Section 8 pay for a two-bedroom in ZIP 03233?

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 $2,090 it would be $1,881 to $2,299. 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 03233 in?

ZIP 03233 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 03233 for FY 2027?

The two-bedroom FMR fell 9.9%, from $2,320 in FY 2026 to $2,090 in FY 2027. Since FY 2025 it has risen 9.4%.

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