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Strafford County/Madbury/03823

03823

ZIPSAFMR
Strafford County, NH
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$1,490$1,640
1 BR$1,610$1,770
2 BR$2,100$2,220
3 BR$2,500$2,750
4 BR$2,820$3,100
5 BR$3,243Not available
6 BR$3,729Not available
7 BR$4,289Not available
8 BR$4,932Not available

Purchase Price Calculator

Maximum purchase price
$267,975

Cost breakdown

+Likely effective rent$2,220
HUD FMR$2,100
Market rent$2,280
Est. payment standard (106%)Used$2,220
-Principal and interest-$1,355
Loan amount$214,380
Down payment$53,595
Rate6.50%
Term30 years
-Operating costs-$665
Property taxes-$268
Insurance-$175
Utilities$0
HOA$0
Management-$222
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,485(66.2% ROI)
Projected value
$288,579
Return breakdown
Property appreciation+$20,605
Loan principal paid down+$7,681
Rental cash flow+$7,200
5-year hold
+$60,911(113.7% ROI)
Projected value
$303,189
Return breakdown
Property appreciation+$35,214
Loan principal paid down+$13,697
Rental cash flow+$12,000
10-year hold
+$131,692(245.7% ROI)
Projected value
$343,030
Return breakdown
Property appreciation+$75,056
Loan principal paid down+$32,637
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.79
2 BR
0.92
3 BR
0.83
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 03823 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03823 (Madbury, NH) is $2,100 a month. That is down 7.1% from $2,260 in FY 2026. Madbury is in the Portsmouth-Rochester, 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 $2,093. Among 24 ZIP codes in Strafford County, 03823 has the 6th-highest two-bedroom rent (county range $1,980–$2,490). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03823 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03823
BedroomsFY 2027Change90–110% range
Studio$1,490−9.7%$1,341–$1,639
1BR$1,610−6.9%$1,449–$1,771
2BR$2,100−7.1%$1,890–$2,310
3BR$2,500−9.7%$2,250–$2,750
4BR$2,820−6.9%$2,538–$3,102

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03823
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,490$1,610$2,100$2,500$2,820
FY 2026$1,650$1,730$2,260$2,770$3,030
FY 2025$1,560$1,610$2,080$2,580$2,960
FY 2024$1,620$1,730$2,190$2,800$3,280
FY 2023$1,270$1,410$1,790$2,330$2,850

Two-bedroom rent in nearby Strafford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 03823
03809$1,980−5.7%
03815$1,980−5.7%
03820$2,040−2.9%
03821$1,980−5.7%
03823Current$2,100—
03824$1,980−5.7%
03825$2,310+10.0%
03835$1,980−5.7%
03839$1,980−5.7%
03851$1,980−5.7%
03852$1,980−5.7%
03855$1,980−5.7%

Questions about ZIP 03823 rents

How much will Section 8 pay for a two-bedroom in ZIP 03823?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,093, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,884 to $2,302 a month; under the ZIP-level Small Area FMR of $2,100 it would be $1,890 to $2,310. 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 03823 in?

ZIP 03823 is in the Portsmouth-Rochester, NH HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,093.

How much did fair market rent change in ZIP 03823 for FY 2027?

The two-bedroom FMR fell 7.1%, from $2,260 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 17.3%.

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