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Carroll County/Glen/03838

03838

ZIPSAFMR
Carroll County, NH
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,440
1 BR$1,440$1,580
2 BR$1,860$1,970
3 BR$2,580$2,140
4 BR$3,040$2,230
5 BR$3,496Not available
6 BR$4,020Not available
7 BR$4,623Not available
8 BR$5,317Not available

Purchase Price Calculator

Maximum purchase price
$230,825

Cost breakdown

+Likely effective rent$1,970
HUD FMR$1,860
Market rent$2,030
Est. payment standard (106%)Used$1,970
-Principal and interest-$1,167
Loan amount$184,660
Down payment$46,165
Rate6.50%
Term30 years
-Operating costs-$603
Property taxes-$231
Insurance-$175
Utilities$0
HOA$0
Management-$197
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,564(68.4% ROI)
Projected value
$248,573
Return breakdown
Property appreciation+$17,748
Loan principal paid down+$6,616
Rental cash flow+$7,200
5-year hold
+$54,130(117.3% ROI)
Projected value
$261,157
Return breakdown
Property appreciation+$30,332
Loan principal paid down+$11,798
Rental cash flow+$12,000
10-year hold
+$116,763(252.9% ROI)
Projected value
$295,475
Return breakdown
Property appreciation+$64,650
Loan principal paid down+$28,112
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.66
1 BR
0.79
2 BR
0.92
3 BR
1.21
4 BR
1.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 03838 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03838 (Glen, NH) is $1,860 a month. That is down 8.4% from $2,030 in FY 2026. Glen is in the Carroll 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 $1,566. Among 33 ZIP codes in Carroll County, 03838 has the 10th-highest two-bedroom rent (county range $1,540–$2,350). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03838 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03838
BedroomsFY 2027Change90–110% range
Studio$1,310−7.1%$1,179–$1,441
1BR$1,440−9.4%$1,296–$1,584
2BR$1,860−8.4%$1,674–$2,046
3BR$2,580−7.5%$2,322–$2,838
4BR$3,040−9.8%$2,736–$3,344

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03838
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,440$1,860$2,580$3,040
FY 2026$1,410$1,590$2,030$2,790$3,370
FY 2025$1,160$1,330$1,650$2,210$2,700
FY 2024area FMR$866$1,009$1,241$1,664$2,097
FY 2023area FMR$802$983$1,199$1,590$1,966

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

Two-bedroom rent in nearby Carroll County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 03838
03818$1,540−17.2%
03830$1,540−17.2%
03832$1,710−8.1%
03836$1,630−12.4%
03838Current$1,860—
03845$1,910+2.7%
03846$2,320+24.7%
03847$1,540−17.2%
03849$1,670−10.2%
03850$1,570−15.6%
03853$1,570−15.6%
03855$1,980+6.5%

Questions about ZIP 03838 rents

How much will Section 8 pay for a two-bedroom in ZIP 03838?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,566, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,409 to $1,723 a month; under the ZIP-level Small Area FMR of $1,860 it would be $1,674 to $2,046. 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 03838 in?

ZIP 03838 is in the Carroll County, NH non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,566.

How much did fair market rent change in ZIP 03838 for FY 2027?

The two-bedroom FMR fell 8.4%, from $2,030 in FY 2026 to $1,860 in FY 2027. Since FY 2025 it has risen 12.7%.

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