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Sullivan County/Charlestown/03603

03603

ZIPSAFMR
Sullivan County, NH
Zillow

ZIP Investment Score

62Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,100
1 BR$1,200$1,200
2 BR$1,580$1,580
3 BR$2,180$2,180
4 BR$2,430$2,430
5 BR$2,795Not available
6 BR$3,214Not available
7 BR$3,696Not available
8 BR$4,250Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMRUsed$1,580
Market rentN/A
Est. payment standardN/A
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
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
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Tax rate
--
Mortgage rate
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ZIP 03603 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03603 (Charlestown, NH) is $1,580 a month. That is down 7.6% from $1,710 in FY 2026. Charlestown is in the Sullivan 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 $1,596. Among 22 ZIP codes in Sullivan County, 03603 is tied for the 21st-highest two-bedroom rent (county range $1,580–$2,390). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03603 is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03603
BedroomsFY 2027Change90–110% range
Studio$1,100−7.6%$990–$1,210
1BR$1,200−7.7%$1,080–$1,320
2BR$1,580−7.6%$1,422–$1,738
3BR$2,180−8.0%$1,962–$2,398
4BR$2,430−8.0%$2,187–$2,673

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03603
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,200$1,580$2,180$2,430
FY 2026$1,190$1,300$1,710$2,370$2,640
FY 2025$960$1,070$1,400$1,870$2,040
FY 2024area FMR$947$987$1,297$1,623$1,849
FY 2023area FMR$913$960$1,264$1,570$1,804

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

Two-bedroom rent in nearby Sullivan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 03603
03601$1,590+0.6%
03602$1,740+10.1%
03603Current$1,580—
03605$1,910+20.9%
03607$1,640+3.8%
03608$1,740+10.1%
03743$1,5800.0%
03745$2,010+27.2%
03746$1,600+1.3%
03748$1,960+24.1%
03751$2,080+31.6%
03752$2,390+51.3%

Questions about ZIP 03603 rents

How much will Section 8 pay for a two-bedroom in ZIP 03603?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,596, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,436 to $1,756 a month; under the ZIP-level Small Area FMR of $1,580 it would be $1,422 to $1,738. 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 03603 in?

ZIP 03603 is in the Sullivan County, NH non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,596.

How much did fair market rent change in ZIP 03603 for FY 2027?

The two-bedroom FMR fell 7.6%, from $1,710 in FY 2026 to $1,580 in FY 2027. Since FY 2025 it has risen 12.9%.

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