FMR is below market; voucher rent may lag private rents.
0.64
1 BR
1 BR
0.70ratio
FMR$1,530
Market$2,190
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR
0.77ratio
FMR$2,000
Market$2,610
vs market-$610
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR
0.74ratio
FMR$2,380
Market$3,220
vs market-$840
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR
0.92ratio
FMR$3,330
Market$3,620
vs market-$290
FMR is near market; voucher and private rents are aligned.
0.92
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 03804 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03804 (Portsmouth, NH) is $2,000 a month. That is up 5.3% from $1,900 in FY 2026. Portsmouth is in the Lawrence, MA-NH HUD Metro 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 metro-wide two-bedroom FMR of $2,367. Among 48 ZIP codes in Rockingham County, 03804 is tied for the 45th-highest two-bedroom rent (county range $1,980–$3,550). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03804 is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 03804
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,310
$1,390
+6.1%
$1,251–$1,529
1BR
$1,450
$1,530
+5.5%
$1,377–$1,683
2BR
$1,900
$2,000
+5.3%
$1,800–$2,200
3BR
$2,300
$2,380
+3.5%
$2,142–$2,618
4BR
$3,190
$3,330
+4.4%
$2,997–$3,663
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 03804
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,390
$1,530
$2,000
$2,380
$3,330
FY 2026
$1,310
$1,450
$1,900
$2,300
$3,190
FY 2025
$1,200
$1,360
$1,750
$2,270
$2,940
FY 2024
$1,030
$1,160
$1,520
$2,040
$2,580
FY 2023
$990
$1,110
$1,460
$2,010
$2,490
Two-bedroom rent in nearby Rockingham County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 03804?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,367, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,130 to $2,604 a month; under the ZIP-level Small Area FMR of $2,000 it would be $1,800 to $2,200. 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 03804 in?
ZIP 03804 is in the Lawrence, MA-NH HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,367.
How much did fair market rent change in ZIP 03804 for FY 2027?
The two-bedroom FMR rose 5.3%, from $1,900 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 37.0%.
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