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Grafton County/West Lebanon/03784

03784

ZIPSAFMR
Grafton County, NH
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,700
1 BR$1,610$1,770
2 BR$2,110$2,230
3 BR$2,860$3,150
4 BR$2,900$3,190
5 BR$3,335Not available
6 BR$3,835Not available
7 BR$4,411Not available
8 BR$5,072Not available

Purchase Price Calculator

Maximum purchase price
$269,461

Cost breakdown

+Likely effective rent$2,230
HUD FMR$2,110
Market rent$2,290
Est. payment standard (106%)Used$2,230
-Principal and interest-$1,363
Loan amount$215,568
Down payment$53,892
Rate6.50%
Term30 years
-Operating costs-$667
Property taxes-$269
Insurance-$175
Utilities$0
HOA$0
Management-$223
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,642(66.1% ROI)
Projected value
$290,180
Return breakdown
Property appreciation+$20,719
Loan principal paid down+$7,723
Rental cash flow+$7,200
5-year hold
+$61,182(113.5% ROI)
Projected value
$304,870
Return breakdown
Property appreciation+$35,409
Loan principal paid down+$13,773
Rental cash flow+$12,000
10-year hold
+$132,290(245.5% ROI)
Projected value
$344,932
Return breakdown
Property appreciation+$75,472
Loan principal paid down+$32,818
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.91
1 BR
0.68
2 BR
0.92
3 BR
0.83
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 03784 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03784 (West Lebanon, NH) is $2,110 a month. That is down 9.8% from $2,340 in FY 2026. West Lebanon is in the Grafton 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 $1,719. Among 41 ZIP codes in Grafton County, 03784 has the 6th-highest two-bedroom rent (county range $1,240–$2,430). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03784 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03784
BedroomsFY 2027Change90–110% range
Studio$1,600−9.6%$1,440–$1,760
1BR$1,610−9.6%$1,449–$1,771
2BR$2,110−9.8%$1,899–$2,321
3BR$2,860−9.8%$2,574–$3,146
4BR$2,900−9.9%$2,610–$3,190

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03784
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,610$2,110$2,860$2,900
FY 2026$1,770$1,780$2,340$3,170$3,220
FY 2025$1,380$1,440$1,890$2,520$2,630
FY 2024area FMR$891$1,001$1,315$1,708$1,940
FY 2023area FMR$898$1,020$1,343$1,714$2,057

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

Two-bedroom rent in nearby Grafton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 03784
03755$2,430+15.2%
03765$1,680−20.4%
03766$2,390+13.3%
03768$1,980−6.2%
03769$1,720−18.5%
03771$1,420−32.7%
03774$1,930−8.5%
03777$1,800−14.7%
03779$1,530−27.5%
03780$1,700−19.4%
03784Current$2,110—
03785$1,500−28.9%

Questions about ZIP 03784 rents

How much will Section 8 pay for a two-bedroom in ZIP 03784?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,719, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,547 to $1,891 a month; under the ZIP-level Small Area FMR of $2,110 it would be $1,899 to $2,321. 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 03784 in?

ZIP 03784 is in the Grafton County, NH non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,719.

How much did fair market rent change in ZIP 03784 for FY 2027?

The two-bedroom FMR fell 9.8%, from $2,340 in FY 2026 to $2,110 in FY 2027. Since FY 2025 it has risen 11.6%.

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