FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR
0.75ratio
FMR$1,380
Market$1,830
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR
0.85ratio
FMR$1,800
Market$2,130
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR
0.99ratio
FMR$2,360
Market$2,380
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR
0.95ratio
FMR$2,370
Market$2,500
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.95
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 03302 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03302 (Concord, NH) is $1,800 a month. That is down 8.6% from $1,970 in FY 2026. Concord 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, 03302 is tied for the 25th-highest two-bedroom rent (county range $1,690–$2,460). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03302 is 4% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 03302
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,360
$1,250
−8.1%
$1,125–$1,375
1BR
$1,500
$1,380
−8.0%
$1,242–$1,518
2BR
$1,970
$1,800
−8.6%
$1,620–$1,980
3BR
$2,600
$2,360
−9.2%
$2,124–$2,596
4BR
$2,610
$2,370
−9.2%
$2,133–$2,607
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 03302
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,250
$1,380
$1,800
$2,360
$2,370
FY 2026
$1,360
$1,500
$1,970
$2,600
$2,610
FY 2025
$1,120
$1,230
$1,610
$2,130
$2,130
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
How much will Section 8 pay for a two-bedroom in ZIP 03302?
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 $1,800 it would be $1,620 to $1,980. 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 03302 in?
ZIP 03302 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 03302 for FY 2027?
The two-bedroom FMR fell 8.6%, from $1,970 in FY 2026 to $1,800 in FY 2027. Since FY 2025 it has risen 11.8%.
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