Strafford County/Lee/03861

03861

ZIPSAFMR

Strafford County, NH

View on ZillowZillow

ZIP Investment Score

50Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,450	$1,600	4.5%
1 BR	$1,510	$1,660	3.5%
2 BR	$1,980	$2,180	4.8%
3 BR	$2,430	$2,670	3.4%
4 BR	$2,650	$2,920	0.9%
5 BR	$3,047	Not available	0.9%
6 BR	$3,505	Not available	0.9%
7 BR	$4,030	Not available	0.9%
8 BR	$4,635	Not available	0.9%

Purchase Price Calculator

Maximum purchase price

$262,031

Cost breakdown

+Likely effective rent$2,180

HUD FMR$1,980

Market rent$2,300

Est. payment standard (110%)Used$2,180

-Principal and interest-$1,325

Loan amount$209,624

Down payment$52,406

Rate6.50%

Term30 years

-Operating costs-$655

Property taxes-$262

Insurance-$175

Utilities$0

HOA$0

Management-$218

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$34,858(66.5% ROI)

Projected value

$282,178

Return breakdown

Property appreciation+$20,148

Loan principal paid down+$7,510

Rental cash flow+$7,200

5-year hold

+$59,826(114.2% ROI)

Projected value

$296,464

Return breakdown

Property appreciation+$34,433

Loan principal paid down+$13,393

Rental cash flow+$12,000

10-year hold

+$129,304(246.7% ROI)

Projected value

$335,421

Return breakdown

Property appreciation+$73,391

Loan principal paid down+$31,913

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.86ratio

FMR$1,450

Market$1,690

vs market-$240

FMR is below market; voucher rent may lag private rents.

0.86

1 BR

0.83ratio

FMR$1,510

Market$1,810

vs market-$300

FMR is below market; voucher rent may lag private rents.

0.83

2 BR

0.86ratio

FMR$1,980

Market$2,300

vs market-$320

FMR is below market; voucher rent may lag private rents.

0.86

3 BR

0.83ratio

FMR$2,430

Market$2,940

vs market-$510

FMR is below market; voucher rent may lag private rents.

0.83

4 BR

0.77ratio

FMR$2,650

Market$3,450

vs market-$800

FMR is below market; voucher rent may lag private rents.

0.77

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 03861 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 03861 (Lee, NH) is $1,980 a month. That is up 11.9% from $1,770 in FY 2026. Lee 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, 03861 is tied for the 10th-highest two-bedroom rent (county range $1,980–$2,490). The median county two-bedroom FMR in New Hampshire is $1,727, so ZIP 03861 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 03861
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,330	$1,450	+9.0%	$1,305–$1,595
1BR	$1,370	$1,510	+10.2%	$1,359–$1,661
2BR	$1,770	$1,980	+11.9%	$1,782–$2,178
3BR	$2,190	$2,430	+11.0%	$2,187–$2,673
4BR	$2,480	$2,650	+6.9%	$2,385–$2,915

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 03861
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,450	$1,510	$1,980	$2,430	$2,650
FY 2026	$1,330	$1,370	$1,770	$2,190	$2,480
FY 2025	$1,340	$1,430	$1,810	$2,310	$2,700
FY 2024	$1,270	$1,360	$1,720	$2,200	$2,580
FY 2023	$1,000	$1,100	$1,400	$1,820	$2,230

Two-bedroom rent in nearby Strafford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 03861
03839	$1,980	0.0%
03851	$1,980	0.0%
03852	$1,980	0.0%
03855	$1,980	0.0%
03857	$2,140	+8.1%
03861Current	$1,980	—
03866	$1,980	0.0%
03867	$1,980	0.0%
03868	$1,980	0.0%
03869	$2,040	+3.0%
03878	$1,980	0.0%
03884	$2,220	+12.1%

Questions about ZIP 03861 rents

How much will Section 8 pay for a two-bedroom in ZIP 03861?

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 $1,980 it would be $1,782 to $2,178. 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 03861 in?

ZIP 03861 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 03861 for FY 2027?

The two-bedroom FMR rose 11.9%, from $1,770 in FY 2026 to $1,980 in FY 2027. Since FY 2023 it has risen 41.4%.

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 rent Lee, NH fair market rent NH statewide rents What is SAFMR?Data sources