Section 8 Fair Market Rent (FMR) for ZIP 03272 - 2027
Location: Merrimack County, NH | Metro: Merrimack County, NH
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,250 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
Based on the available data, ZIP code 03272 corresponds to the South Newbury area in Newbury, New Hampshire. The population data for this specific ZIP code is not available, which suggests it might be a rural or less populated area. However, the lack of detailed demographic data indicates challenges in assessing the exact percentage of renters, median income, and median home value directly.
Transitioning to the rent economics, the Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,970. This figure represents the standard benchmark used by the U.S. Department of Housing and Urban Development (HUD) for determining the maximum rent that can be charged for a unit under the Section 8 program. Unfortunately, specific market rent data for ZIP 03272 is not available, making direct comparisons difficult.
Given the limited data, ZIP 03272 appears more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The absence of detailed demographic and economic characteristics suggests that active management and improvements might face obstacles due to sparse population and potentially lower demand. For landlords and small-portfolio investors, relying on the Section 8 program to cover rents at the FMR level can provide a stable income stream without the need for extensive property enhancements or tenant management.
Note: Specific figures such as median income and median home value could not be cited due to the unavailability of data for ZIP 03272.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.